Common use of Progress of the Offer Clause in Contracts

Progress of the Offer. Subject to any confidentiality restrictions entered into in good faith and binding on them, the Borrower, or Bidco, shall: (i) keep the Administrative Agent informed as to any material developments in relation to the Offer; and (ii) promptly (following receipt from the Administrative Agent of a written request itemising the same in sufficient detail to enable the Borrower or Bidco to identify the same specifically) provide on a non-reliance basis the Administrative Agent with information as to the progress of the Offer and with all material written information and material, written formal advice on a specific circumstance (and not for the avoidance of doubt of a generic or general nature) received by it in relation to the Offer (excluding for the avoidance of doubt any preliminary advice which is later superseded).