CompUSA 2015 Annual Report Download - page 82
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Please find page 82 of the 2015 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.4.3 No Solicitation .Untiltheearlierof(a)theClosingand(b)theterminationofthisAgreementpursuanttoitsterms,Systemaxshallnot,and
shall cause its Affiliates (including Sellers) and Representatives not to, directly or indirectly, (i) initiate, solicit or encourage (including by way of furnishing
informationregardingtheBusinessorthePurchasedAssetsorAssumedLiabilities)anyinquiries,ormakeanystatementstothirdpartieswhichmayreasonablybe
expected to lead to any proposal concerning thesale of the Business or the Purchased Assetsor Assumed Liabilities (whether by way of merger, purchase of
capital shares, purchase of assets or otherwise) (a “ Competing Transaction ”); or (ii) hold any discussions or enter into any agreements with, or provide any
informationorrespondto,anythirdpartyconcerningaproposedCompetingTransactionorcooperateinanywaywith,agreeto,assistorparticipatein,solicit,
consider,entertain,facilitateorencourageanyeffortorattemptbyanythirdpartytodoorseekanyoftheforegoing.Ifatanytimepriortotheearlierof(x)the
Closingand(y)the terminationofthisAgreementpursuanttoitsterms,SystemaxoranyofitsRepresentativesareapproached inanymanner byathird party
concerningaCompetingTransaction(a“CompetingParty”),SystemaxshallpromptlyinformPurchaserregardingsuchcontactandfurnishPurchaserwithacopy
ofanyinquiryorproposal,or,ifnotinwriting,adescriptionthereof,includingthenameofsuchCompetingParty,andSellersshallkeepPurchaserinformedofthe
statusanddetailsofanyfuturenotices,requests,correspondenceorcommunicationsrelatedthereto.
4.4 Certain Notifications .
(a)FromthedatehereofthroughtheClosing,uponPurchaser’sreasonablerequest,Systemaxshallconferduringnormalbusinesshourswith
one or more designated Representatives of Purchaser to report material operational matters and the general status of on-going operations of the Business.
Systemax shall promptly notify Purchaser of any known material change in respect of the Purchased Assets and shall keep Purchaser fully informed of such
events.Exceptformatters described on Schedules 4.1 or 4.2, fromthe date ofthis Agreement untilthe Closing,Systemax shall promptlynotify Purchaserin
writingregardingany:
(i)Anycircumstance oreventknowntoSystemaxoranySellerthat couldreasonablybeexpectedtohaveaMaterialAdverse
Effect;
(ii)Fact,circumstance,event,oractionknownbySystemaxoranySeller(i)which,ifknownonthedateofthisAgreement,would
havebeenrequiredtobedisclosedinorpursuanttothisAgreement;or(ii)theexistence,occurrence,ortakingofwhichwouldresultinanyoftherepresentations
andwarrantiesofSellerscontainedinthisAgreementorinanyTransactionAgreementnotbeingtrueandcorrectwhenmadeoratClosing;
(iii)BreachofanycovenantorobligationofanySellerhereunder;or
(iv)Circumstance or event which will result in, or could reasonably beexpected to result in, the failure of anySeller to timely
satisfyanyoftheclosingconditionsspecifiedinthisAgreement.
(b)FromthedateofthisAgreementuntiltheClosing,PurchasershallpromptlynotifySystemaxinwritingregardingany:
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