Permitted Transaction. The Company will within one week after --------------------- the Closing enter into negotiations with Investor concerning, and will use commercially reasonable efforts thereafter to effect, a transaction approved by the Board (including Fargo unless he abstains, in which case such abstention shall be deemed an approval), in which Investor and the Company (or any wholly owned Subsidiary of the Company) would merge or effect another business combination involving both Investor and the Company (a "Permitted Transaction"). --------------------- If necessary, Fargo will vote his shares of Common Stock in favor of any Permitted Transaction, and will waive any rights he has to purchase such shares of Common Stock in accordance with the Shareholders' Agreement by and among the Company, Fargo and MCA Inc. dated March 30, 1994.
Appears in 3 contracts
Sources: Stock Purchase Agreement (Titus Interactive S A), Stock Purchase Agreement (Interplay Entertainment Corp), Stock Purchase Agreement (Fargo Brian)