Common use of Termination of Standstill Clause in Contracts

Termination of Standstill. The Shareholder Standstill shall terminate automatically upon the earliest to occur of: (a) the consummation of any Company Sale; or (b) the mutual written consent of the Company and the Shareholder. For the avoidance of doubt, the termination of the Shareholder Standstill in accordance with this Section 4.1 will not automatically terminate this Agreement.

Appears in 3 contracts

Sources: Cooperation Agreement (Naspers LTD), Share Purchase Agreement (Ctrip Com International LTD), Share Purchase Agreement (Naspers LTD)