Common use of Target Shareholders Clause in Contracts

Target Shareholders. Target undertakes that it will, if permitted by applicable laws and regulations, use its commercially reasonable efforts to assist Bidder to obtain undertakings from certain corporate and institutional securityholders holding 2% or more of the Shares outstanding from time to time (as shall have been agreed by Bidder and Target) that such securityholders will contribute their Shares to the French Offer insofar as such undertakings have not already been obtained from such securityholders. Such commercially reasonable efforts shall include, without limitation, approaching such securityholders and making such communications to such securityholders as Bidder shall reasonably request and Target shall agree to, such agreement not to be unreasonably withheld, and Target undertakes to keep Bidder promptly informed of such discussions, approaches and communications.