Common use of Other Actions by the Company and Parent Clause in Contracts

Other Actions by the Company and Parent. (a) If any Takeover Statute is or may become applicable to the Merger or the other transactions contemplated by this Agreement or the Stock Option Agreement, each of Parent and the Company and its board of directors shall grant such approvals and take such actions as are necessary so that such transactions may be consummated as promptly as practicable on the terms contemplated by this Agreement or the Stock Option Agreement, as the case may be, or by the Merger and otherwise act to eliminate or minimize the effects of such statute or regulation on such transactions. (b) Subject to Section 7.2, the Company shall use its reasonable efforts to exercise its rights under all confidentiality, lock-up, standstill and similar agreements entered into with Persons that were considering an Acquisition Proposal with respect to the Company, to preserve the confidentiality of the information relating to the Company Entities provided to such Persons and their Affiliates and Representatives and to ensure compliance with the terms of this Agreement.