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such protective order, other remedy or waiver is not obtained, the party |
required to make the disclosure shall furnish only that portion of the |
Evaluation Material that such party determines, alter consulting with |
counsel, is required to disclose and shall exercise all reasonable efforts to |
preserve the confidentiality of the other party’s Evaluation |
Material. |
7. |
Termination of Discussions. |
This Agreement and all rights and obligations |
hereunder shall terminate on the second anniversary of the Effective Date. |
Promptly upon notice from either party that it does not wish to proceed with |
the Transaction, each party shall return to the other party or destroy all |
copies of the Evaluation Material (including all documents based thereon) |
in its possession or in the possession of its Representatives, except that |
outside counsel to the receiving party may retain one copy of the |
Evaluation Material for archival purposes and solely to comply with |
applicable law, rule or regulation. |
Notwithstanding the return or destruction |
of the Evaluation Material, each party and its Representatives will continue |
to be bound by its obligations of confidentiality and other obligations |
hereunder for a period ending on the second anniversary of the Effective Date. |
8. |
Definitive Agreements. |
Unless and until a final definitive agreement, |
regarding the Transaction has been executed, no contract or agreement |
with respect to the Transaction shall be deemed to exist between the |
parties and neither party will be under any legal obligation whatsoever with |
respect to the Transaction by virtue of this Agreement except for the |
matters specifically agreed to herein. |
The term “definitive agreement” |
does not include a term sheet or any other preliminary written agreement. |
Each party reserves the right, in its sole discretion, to provide or |
not |
provide Evaluation Material under this Agreement, to reject any and |
all |
proposals with regard to the Transaction and to terminate discussions and |
negotiations at any time. |
9. |
Entire Agreement. |
This Agreement sets forth the entire agreement |
with respect to the Evaluation Material disclosed hereunder and |
supersedes all prior or contemporaneous agreements concerning such |
Evaluation Material, whether written or oral. |
All additions or modifications |
to this Agreement must be made in writing and must be signed by both |
parties. |
10. |
Miscellaneous. |
Each party agrees to be responsible for any breach of |
this Agreement by any of its Representatives. |
In case any provision of this |
Agreement shall be. |
invalid, illegal or unenforceable, the validity, legality |
and enforceability of the remaining provisions of the Agreement shall not in |
any way be affected or impaired thereby, |
11. |
Governing Law, Jurisdiction. |
This Agreement and all matters arising |
out of or relating to this Agreement shall be governed by the procedural |
and substantive laws of the state of California and shall be deemed |
executed in Redwood City, California. |
Any legal action or proceeding |
relating to this Agreement shall be instituted exclusively in any state or |
federal court In San Francisco or San Mateo County, California. |
Company |
and Oracle irrevocably and unconditionally agree to submit to the exclusive |
jurisdiction of, and agree that the venue is proper in, the aforesaid courts in |
any such legal action or proceeding. |
12. |
Relief. |
Each party agrees that money damages will not be a sufficient |
remedy for any breach of this Agreement by it or its Representatives, and |
that the other party is entitled specific performance and injunctive relief as |
remedies for any such breach. |
Such remedies shall not be deemed to be |
exclusive remedies for a breach of this Agreement but shall be in addition |
to all other remedies available at law or equity. |
ORACLE CORPORATION |
HYPERION SOLUTIONS CORPORATION |
By: |
/s/ Douglas Kehring |
By: /s/ Mark Cochran |
Name: Douglas Kehring |
Name: Mark Cochran |