ARTICLE VIII TERMINATION, AMENDMENT AND WAIVER | clook law - 契約書のデータベース

AGREEMENT AND PLAN OF MERGER - Twitter, Inc., X Holdings I, Inc., X Holdings II, Inc., Elon R. Musk

ARTICLE VIII TERMINATION, AMENDMENT AND WAIVER


(a) In the event that:
(i) (A) a Third Party shall have made a Competing Proposal after the date of this Agreement, (B) this Agreement is subsequently terminated by (x) the Company or Parent pursuant to Section 8.1(b)(iii) or (y) Parent pursuant to Section 8.1(d)(i), and at the time of such Company Stockholders’ Meeting in the case of clause (x) or at the time of such breach in the case of clause (y), a Competing Proposal has been publicly announced and has not been withdrawn, and (C) within twelve (12) months of such termination of this Agreement, the Company consummates a transaction involving a Competing Proposal or enters into a definitive agreement providing for the consummation of a Competing Proposal and such Competing Proposal is subsequently consummated; provided, however, that for purposes of this Section 8.3(a)(i), the references to “fifteen percent (15%)” in the definition of Competing Proposal shall be deemed to be references to “fifty percent (50%)”;
(ii) this Agreement is terminated by the Company pursuant to Section 8.1(c)(ii); or
(iii) this Agreement is terminated by Parent pursuant to Section 8.1(d)(ii), then the Company shall (A) in the case of clause (i) above, no later than two (2) Business Days following the date of the consummation of such transaction involving a Competing Proposal, (B) in the case of clause (ii) above, prior to or substantially concurrently with such termination, and (C) in the case of this clause (iii), no later than two (2) Business Days after the date of such termination, pay, or cause to be paid, by wire transfer of immediately available funds, at the direction of Parent, the Termination Fee; it being understood that in no event shall the Company be required to pay the Termination Fee on more than one occasion.
【参考訳】(a) 次の場合:
(i) 本契約の締結日以降に第三者が競合提案を行い、(x)会社またはParentがセクション8.1(b)(iii)に基づいて、または(y)Parentがセクション8.1(d)(i)に基づいて、本契約が後に解除された場合、当該会社株主会議の時点で競合提案が公表され、撤回されていない状態であるとし、かつ(C)本契約の解除後12か月以内に会社が競合提案を含む取引を完了させるか、競合提案の完了を提供する確定契約を締結し、その後競合提案が完了する場合;ただし、本セクション8.3(a)(i)の目的において、「15%」という表現は、「50%」とみなされるものとする;
(ii) 本契約が会社によってセクション8.1(c)(ii)に基づいて解除された場合;または
(iii) 本契約がParentによってセクション8.1(d)(ii)に基づいて解除された場合、会社は、(i) 上記の場合の場合、当該競合提案を含む取引が完了した日から2営業日以内に、(ii) 上記の場合の場合、解除前または解除と同時に、および(iii) 上記の場合の場合、当該解除の日から2営業日以内に、Parentの指示に従って、即座に利用可能な資金の電信送金によって解除料を支払うか、または支払わせることになる;ただし、いかなる場合でも、会社は解除料を複数回支払うことはない。

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