New Jersey Standstill and Deposition Agreement by Efficient Networks, Inc. and Cabletron Systems, Inc.

• Category: Corporations - Public - Standstill
• State: Multi-State
• Control #: US-EG-9405
• Format: Word; Rich Text

Description

Standstill and Deposition Agreement by Efficient Networks, Inc. and Cabletron Systems, Inc. regarding ownership of voting securities dated December 17, 1999. 19 pages. The New Jersey Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc. is a legally binding document that outlines the terms and conditions of a standstill agreement between the two companies. It restricts the actions that can be taken by each party during a specified period, typically in the context of a merger, acquisition, or other corporate transactions. This agreement allows both parties to gather and exchange information necessary to make informed decisions without the fear of hostile actions. The New Jersey Standstill and Deposition Agreement serves as a means of maintaining stability and preventing any sudden or aggressive moves that could potentially harm the companies involved or impede the transaction process. It ensures a fair environment for negotiations and allows the parties to discuss matters openly without the risk of jeopardizing their positions. Some key components and features typically included in this agreement are: 1. Standstill Period: The agreement stipulates the specific duration or timeframe during which the standstill provisions apply. It can range from a few months to a year, depending on the complexity and nature of the transaction. 2. Prohibited Actions: The agreement outlines the actions that are prohibited during the standstill period. These may include, but are not limited to, further acquisitions of shares or voting rights, solicitation of proxies, launching hostile takeover attempts, or any actions that may undermine the process or stakeholder interests. 3. Confidentiality and Information Exchange: The agreement emphasizes the importance of maintaining confidentiality while exchanging sensitive information. Both parties agree to protect the confidentiality of any non-public information provided and use it solely for the purpose of the proposed transaction. 4. Non-Compete and Non-Solicitation: The agreement may include provisions preventing both parties from engaging in competitive activities or soliciting employees, customers, or suppliers from each other during the standstill period. 5. Regulatory Approvals: If applicable, the agreement may address the requirement for obtaining necessary regulatory approvals and the cooperation between the parties in fulfilling those obligations. It's worth noting that the New Jersey Standstill and Deposition Agreement may have different variations or types, depending on the specific circumstances or preferences of the parties involved. For example, there could be specific agreements tailored for mergers, acquisitions, joint ventures, strategic partnerships, or other forms of corporate transactions. These agreements would contain provisions specific to the respective transaction type while maintaining the core principles of a New Jersey Standstill and Deposition Agreement. In summary, the New Jersey Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc. is a fundamental document that facilitates stability, transparency, and fair negotiations during corporate transactions. It restricts certain actions while allowing the exchange of necessary information, ultimately protecting the interests of the parties involved.

The New Jersey Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc. is a legally binding document that outlines the terms and conditions of a standstill agreement between the two companies. It restricts the actions that can be taken by each party during a specified period, typically in the context of a merger, acquisition, or other corporate transactions. This agreement allows both parties to gather and exchange information necessary to make informed decisions without the fear of hostile actions. The New Jersey Standstill and Deposition Agreement serves as a means of maintaining stability and preventing any sudden or aggressive moves that could potentially harm the companies involved or impede the transaction process. It ensures a fair environment for negotiations and allows the parties to discuss matters openly without the risk of jeopardizing their positions. Some key components and features typically included in this agreement are: 1. Standstill Period: The agreement stipulates the specific duration or timeframe during which the standstill provisions apply. It can range from a few months to a year, depending on the complexity and nature of the transaction. 2. Prohibited Actions: The agreement outlines the actions that are prohibited during the standstill period. These may include, but are not limited to, further acquisitions of shares or voting rights, solicitation of proxies, launching hostile takeover attempts, or any actions that may undermine the process or stakeholder interests. 3. Confidentiality and Information Exchange: The agreement emphasizes the importance of maintaining confidentiality while exchanging sensitive information. Both parties agree to protect the confidentiality of any non-public information provided and use it solely for the purpose of the proposed transaction. 4. Non-Compete and Non-Solicitation: The agreement may include provisions preventing both parties from engaging in competitive activities or soliciting employees, customers, or suppliers from each other during the standstill period. 5. Regulatory Approvals: If applicable, the agreement may address the requirement for obtaining necessary regulatory approvals and the cooperation between the parties in fulfilling those obligations. It's worth noting that the New Jersey Standstill and Deposition Agreement may have different variations or types, depending on the specific circumstances or preferences of the parties involved. For example, there could be specific agreements tailored for mergers, acquisitions, joint ventures, strategic partnerships, or other forms of corporate transactions. These agreements would contain provisions specific to the respective transaction type while maintaining the core principles of a New Jersey Standstill and Deposition Agreement. In summary, the New Jersey Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc. is a fundamental document that facilitates stability, transparency, and fair negotiations during corporate transactions. It restricts certain actions while allowing the exchange of necessary information, ultimately protecting the interests of the parties involved.