Maricopa Arizona Standstill and Deposition Agreement by Efficient Networks, Inc. and Cabletron Systems, Inc.

• Category: Corporations - Public - Standstill
• State: Multi-State
• County: Maricopa
• 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. Maricopa Arizona Standstill and Deposition Agreement is a legal arrangement between Efficient Networks, Inc. (ENI) and Cable tron Systems, Inc. (CSI) that outlines specific terms and conditions to govern their interactions and protect their respective rights in the context of a standstill and deposition exercise. The purpose of this agreement is to establish a temporary halt in any hostile actions, preventing either party from taking further steps that could jeopardize their mutual interests. It ensures that no party involved engages in activities such as hostile takeovers, stock purchases, or any other actions impeding the normal course of business. This standstill and deposition agreement plays a crucial role in facilitating a peaceful and orderly process for negotiations, giving both ENI and CSI an opportunity to engage in meaningful discussions or address potential disputes without the looming threat of hostile actions. Key components of the Maricopa Arizona Standstill and Deposition Agreement may include: 1. Ceasefire on hostile activities: The agreement explicitly prohibits any party from pursuing hostile actions, including but not limited to attempts to acquire control over the other party through stock purchases, proxy contests, or solicitation of shareholders. 2. Duration and termination: It sets a specific timeframe for the standstill period, during which both ENI and CSI are committed to maintaining the status quo. The agreement may include provisions on termination conditions, such as the occurrence of specific events or successful negotiations. 3. Access to information and communication: The agreement may require both parties to provide each other with access to relevant information, financial data, and business documents necessary to conduct proceedings. It may also outline guidelines for communication channels between the parties, such as direct discussions or legal representation. 4. Dispute resolution mechanisms: In case of any disputes arising during the standstill period, the agreement may establish a specific procedure for resolving conflicts, ranging from mediation to arbitration or court litigation. Different types or variations of the Maricopa Arizona Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc. may exist, depending on the specific circumstances and negotiation outcomes. These agreements could vary in duration, conditions, access to information, termination criteria, and dispute resolution mechanisms. Each agreement is tailored to address the unique circumstances of the companies involved and to ensure a temporary halt in hostile actions while preserving their rights and business interests.

Maricopa Arizona Standstill and Deposition Agreement is a legal arrangement between Efficient Networks, Inc. (ENI) and Cable tron Systems, Inc. (CSI) that outlines specific terms and conditions to govern their interactions and protect their respective rights in the context of a standstill and deposition exercise. The purpose of this agreement is to establish a temporary halt in any hostile actions, preventing either party from taking further steps that could jeopardize their mutual interests. It ensures that no party involved engages in activities such as hostile takeovers, stock purchases, or any other actions impeding the normal course of business. This standstill and deposition agreement plays a crucial role in facilitating a peaceful and orderly process for negotiations, giving both ENI and CSI an opportunity to engage in meaningful discussions or address potential disputes without the looming threat of hostile actions. Key components of the Maricopa Arizona Standstill and Deposition Agreement may include: 1. Ceasefire on hostile activities: The agreement explicitly prohibits any party from pursuing hostile actions, including but not limited to attempts to acquire control over the other party through stock purchases, proxy contests, or solicitation of shareholders. 2. Duration and termination: It sets a specific timeframe for the standstill period, during which both ENI and CSI are committed to maintaining the status quo. The agreement may include provisions on termination conditions, such as the occurrence of specific events or successful negotiations. 3. Access to information and communication: The agreement may require both parties to provide each other with access to relevant information, financial data, and business documents necessary to conduct proceedings. It may also outline guidelines for communication channels between the parties, such as direct discussions or legal representation. 4. Dispute resolution mechanisms: In case of any disputes arising during the standstill period, the agreement may establish a specific procedure for resolving conflicts, ranging from mediation to arbitration or court litigation. Different types or variations of the Maricopa Arizona Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc. may exist, depending on the specific circumstances and negotiation outcomes. These agreements could vary in duration, conditions, access to information, termination criteria, and dispute resolution mechanisms. Each agreement is tailored to address the unique circumstances of the companies involved and to ensure a temporary halt in hostile actions while preserving their rights and business interests.