Common use of Waiver of Certain Actions Clause in Contracts

Waiver of Certain Actions. During the term of this Agreement, S▇▇▇▇▇▇▇▇▇▇ agrees not to commence or participate or join in, and agrees to take all actions reasonably necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise, against Parent, Purchaser, the Company, or any of their respective successors, directors or officers (a) challenging the validity of, or seeking to enjoin or delay the operation of, any provision of this Agreement or the Merger Agreement or (b) alleging a breach of any fiduciary duty of any Person in connection with the negotiation and entry into this Agreement or the Merger Agreement and the transactions contemplated hereby and thereby, excluding any such claim brought by Stockholder pursuant to the terms hereof.

Appears in 8 contracts

Sources: Tender and Support Agreement (Combustion Merger Sub, Inc.), Tender and Support Agreement (Combustion Merger Sub, Inc.), Tender and Support Agreement (Combustion Merger Sub, Inc.)

Waiver of Certain Actions. During the term of this Agreement, S▇▇▇▇▇▇▇▇▇▇ agrees not to commence or participate or join in, and agrees to take all actions reasonably necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise, against Parent, Purchaser, the Company, or any of their respective successors, directors or officers (a) challenging the validity of, or seeking to enjoin or delay the operation of, any provision of this Agreement or the Merger Agreement or (b) alleging a breach of any fiduciary duty of any Person in connection with the negotiation and entry into this Agreement or the Merger Agreement and the transactions contemplated hereby and thereby, excluding any such claim brought by Stockholder pursuant to the terms hereof.

Appears in 2 contracts

Sources: Tender and Support Agreement (Profire Energy Inc), Tender and Support Agreement (Hatch Brenton W)

Waiver of Certain Actions. During the term of this Agreement, S▇▇▇▇▇▇▇▇▇▇ Each Stockholder hereby agrees not to commence or participate or join in, and agrees to take all actions reasonably necessary to opt out of any class in any class action with respect to, any claim, derivative or otherwise, against Parent, Purchaser, the Company, Parent, Merger Sub or any of their respective successors, directors or officers successors (a) challenging the validity of, or seeking to enjoin or delay the operation of, any provision of this Agreement or the Merger Agreement (including any claim seeking to enjoin or delay the Offer Closing or the Closing) or (b) alleging a any breach of any fiduciary duty of any Person person in connection with the negotiation and entry into Merger Agreement, this Agreement or the Merger Agreement and the transactions contemplated hereby and thereby, excluding any such claim brought by Stockholder pursuant to the terms hereofthereby or hereby.

Appears in 2 contracts

Sources: Tender and Support Agreement (Castle Brands Inc), Tender and Support Agreement