Harris Texas Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GMBH

• Category: Corporations - Public - Standstill
• State: Multi-State
• County: Harris
• Control #: US-EG-9214
• Format: Word; Rich Text

Description

Qualified Subsidiary Standstill Agreement between Sprint Corporation and NAB Nordamerika Beteiligungs Holding GMBH regarding the transfer of voting securities and the purchase of PCS common stock dated December 29, 1999. 19 pages. The Harris Texas Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GMB His a legally binding contract that outlines certain terms and conditions agreed upon by both parties. This agreement aims to regulate and govern their business relationship, particularly in relation to standstill provisions. A standstill agreement essentially refers to an arrangement wherein one party agrees to limit or cease certain actions or activities against another party for a specified period. In the context of the Harris Texas Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH, it delineates various types of standstill provisions and their respective implications. These may include: 1. Anti-takeover Standstill: This provision restricts NAB Nordamerika Beteiligungs Holding GmbH from acquiring a substantial number of shares or undertaking any hostile takeover activities against Sprint Corp. during the agreement's validity. 2. Voting and Shareholding Standstill: This clause may define limitations on NAB Nordamerika Beteiligungs Holding GmbH's ability to exercise voting rights or increase its shareholding stake in Sprint Corp. By maintaining the existing shareholding levels, it aims to maintain stability and prevent any sudden changes in corporate control. 3. Information Exchange Standstill: This type of standstill provision establishes guidelines on the exchange of confidential information between the parties. It ensures that sensitive business, financial, or strategic data shared between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH remains confidential and is solely used for the purposes specified in the agreement. 4. Dispute Resolution Standstill: This provision may require the parties to suspend any ongoing disputes, arbitration, or legal proceedings during the term of the agreement. It emphasizes the need for amicable negotiations and settlement discussions, promoting cooperation instead of engaging in costly and time-consuming litigation. Overall, the Harris Texas Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH serves as an essential tool for maintaining stability and fostering a cooperative environment between the two entities. By delineating various standstill provisions, it ensures that both parties understand and respect the agreed-upon boundaries, fostering a mutually beneficial business relationship.

The Harris Texas Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GMB His a legally binding contract that outlines certain terms and conditions agreed upon by both parties. This agreement aims to regulate and govern their business relationship, particularly in relation to standstill provisions. A standstill agreement essentially refers to an arrangement wherein one party agrees to limit or cease certain actions or activities against another party for a specified period. In the context of the Harris Texas Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH, it delineates various types of standstill provisions and their respective implications. These may include: 1. Anti-takeover Standstill: This provision restricts NAB Nordamerika Beteiligungs Holding GmbH from acquiring a substantial number of shares or undertaking any hostile takeover activities against Sprint Corp. during the agreement's validity. 2. Voting and Shareholding Standstill: This clause may define limitations on NAB Nordamerika Beteiligungs Holding GmbH's ability to exercise voting rights or increase its shareholding stake in Sprint Corp. By maintaining the existing shareholding levels, it aims to maintain stability and prevent any sudden changes in corporate control. 3. Information Exchange Standstill: This type of standstill provision establishes guidelines on the exchange of confidential information between the parties. It ensures that sensitive business, financial, or strategic data shared between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH remains confidential and is solely used for the purposes specified in the agreement. 4. Dispute Resolution Standstill: This provision may require the parties to suspend any ongoing disputes, arbitration, or legal proceedings during the term of the agreement. It emphasizes the need for amicable negotiations and settlement discussions, promoting cooperation instead of engaging in costly and time-consuming litigation. Overall, the Harris Texas Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH serves as an essential tool for maintaining stability and fostering a cooperative environment between the two entities. By delineating various standstill provisions, it ensures that both parties understand and respect the agreed-upon boundaries, fostering a mutually beneficial business relationship.