Common use of Solicitation of Acquisition Proposals Clause in Contracts

Solicitation of Acquisition Proposals. From the date hereof to the earlier of the Closing or the termination of this Agreement in accordance with its terms, Sellers shall not, and shall cause their respective Affiliates and representatives not to, directly or indirectly, (a) initiate, solicit or knowingly encourage or facilitate the making or submission of any Acquisition Proposal, (b) participate in any discussions or negotiations with any Person regarding an Acquisition Proposal (it being understood that informing a Person of the existence of this Agreement after any such Person contacts Sellers regarding an Acquisition Proposal and the restrictions set forth in this Section 6.12 shall not be a breach of this Section 6.12) or (c) furnish any information to any other Person that Sellers reasonably believe could be used for purposes of an Acquisition Proposal or (d) agree to ​ ​ or otherwise enter into, any Acquisition Proposal. Sellers hereby confirm that they have discontinued, and have previously directed their respective Affiliates and representatives to discontinue, any solicitation efforts or negotiations with respect to or in furtherance of any Acquisition Proposal. Sellers shall promptly (and in any event within twenty-four (24) hours after receipt thereof by Sellers, any of their respective Affiliates or representatives) advise Buyer of the receipt of any Acquisition Proposal.