LQDT » Topics » 21. Announcements

This excerpt taken from the LQDT 10-Q filed Aug 8, 2008.

21.          Announcements


21.1         Neither the Sellers nor the Purchaser (nor any of their respective Affiliates, if applicable) shall make any announcement or issue any circular in connection with the existence or the subject matter of this Agreement (or any other Transaction Document) without the prior written approval of the other (such approval not to be unreasonably withheld or delayed).


21.2         The restriction in clause 21.1 shall not apply to the extent that the announcement or circular is required by law, by any stock exchange or any regulatory or supervisory body or authority of competent jurisdiction, whether or not the requirement has the force of law. If this exception applies, the Party making the announcement or issuing the circular shall use its reasonable efforts to consult with the other Party in advance as to its form, content and timing.


21.3         Each Seller and the Purchaser agree to fully cooperate to prepare and release any public statement regarding this Agreement or the transactions contemplated hereby.


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