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

State:
Multi-State
County:
Travis
Control #:
US-EG-9214
Format:
Word; 
Rich Text
Instant download

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. Travis Texas Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GMB His a legal contract that outlines the terms and conditions for a temporary halt in certain actions or activities between the two parties involved. This agreement aims to maintain stability and avoid hostile takeovers or any other disruptive actions that could negatively impact the business operations or financial standing of either party. Here are the key points covered by this agreement: 1. Purpose: The Travis Texas Standstill Agreement is primarily established to ensure a peaceful and cooperative relationship between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH. By entering into this agreement, both parties express their intention to engage in open negotiations and discussions regarding potential business transactions. 2. Halt on Acquisitions: One of the primary provisions of the Travis Texas Standstill Agreement is the temporary halt on acquisitions. This means that Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH agree to refrain from purchasing additional shares or acquiring a controlling interest in each other's company during the standstill period. This provision helps prevent any sudden shifts in ownership or control, allowing both parties to evaluate their options without the risk of a hostile takeover. 3. Voting Rights: The agreement may also address the issue of voting rights. It can stipulate that both parties should vote in favor of certain decisions or resolutions proposed by either Sprint Corp. or NAB Nordamerika Beteiligungs Holding GmbH during the standstill period. This provision ensures that key decisions align with the mutual interests of both parties and promotes a unified approach. 4. Confidentiality: The Travis Texas Standstill Agreement may contain clauses regarding the confidential information shared between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH. Both parties commit to keeping any sensitive or proprietary information received from the other party confidential and not disclosing it to any third parties, except as required by law or with prior written consent. 5. Duration: The agreement will specify the duration of the standstill period. It can range from several months to a few years, depending on the specific terms agreed upon by the parties involved. Typically, this gives them sufficient time to assess potential business opportunities or negotiate alternative agreements without fear of any sudden disruptive actions. It's important to note that Travis Texas Standstill Agreements can vary depending on the particular circumstances and negotiation between the parties. There may be different types or variations of this agreement tailored to address specific concerns or objectives, such as provisions related to limitations on proxy solicitations, restrictions on share transfers, or mandatory negotiation periods. The specific name or title of these variations may differ, but the core purpose remains the same — to maintain stability and foster a constructive relationship between the involved entities.

Travis Texas Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GMB His a legal contract that outlines the terms and conditions for a temporary halt in certain actions or activities between the two parties involved. This agreement aims to maintain stability and avoid hostile takeovers or any other disruptive actions that could negatively impact the business operations or financial standing of either party. Here are the key points covered by this agreement: 1. Purpose: The Travis Texas Standstill Agreement is primarily established to ensure a peaceful and cooperative relationship between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH. By entering into this agreement, both parties express their intention to engage in open negotiations and discussions regarding potential business transactions. 2. Halt on Acquisitions: One of the primary provisions of the Travis Texas Standstill Agreement is the temporary halt on acquisitions. This means that Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH agree to refrain from purchasing additional shares or acquiring a controlling interest in each other's company during the standstill period. This provision helps prevent any sudden shifts in ownership or control, allowing both parties to evaluate their options without the risk of a hostile takeover. 3. Voting Rights: The agreement may also address the issue of voting rights. It can stipulate that both parties should vote in favor of certain decisions or resolutions proposed by either Sprint Corp. or NAB Nordamerika Beteiligungs Holding GmbH during the standstill period. This provision ensures that key decisions align with the mutual interests of both parties and promotes a unified approach. 4. Confidentiality: The Travis Texas Standstill Agreement may contain clauses regarding the confidential information shared between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH. Both parties commit to keeping any sensitive or proprietary information received from the other party confidential and not disclosing it to any third parties, except as required by law or with prior written consent. 5. Duration: The agreement will specify the duration of the standstill period. It can range from several months to a few years, depending on the specific terms agreed upon by the parties involved. Typically, this gives them sufficient time to assess potential business opportunities or negotiate alternative agreements without fear of any sudden disruptive actions. It's important to note that Travis Texas Standstill Agreements can vary depending on the particular circumstances and negotiation between the parties. There may be different types or variations of this agreement tailored to address specific concerns or objectives, such as provisions related to limitations on proxy solicitations, restrictions on share transfers, or mandatory negotiation periods. The specific name or title of these variations may differ, but the core purpose remains the same — to maintain stability and foster a constructive relationship between the involved entities.

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