exclusivity

exclusivity
USA
In the context of bankruptcy, Also known as period of exclusivity and in the context of mergers and acquisitions, Also known as an exclusivity agreement and exclusivity period.
USA
exclusivity agreement Also known as exclusivity.
A type of agreement (sometimes found in a term sheet or confidentiality agreement) limiting the seller's ability to solicit an offer from or negotiate with a third party during a specified time period. An exclusivity agreement protects a buyer against being outbid by another party.
For more information on exclusivity agreements, see Practice Note, Exclusivity Agreements (www.practicallaw.com/6-381-0513) and Standard Document, Exclusivity Agreement (www.practicallaw.com/1-386-8827).
See
+ period of exclusivity, Also known as exclusivity.
USA
In a Chapter 11 bankruptcy, the debtor has the exclusive right during the first 120 days of its case to file a plan of reorganization. This period may be reduced or extended by the court for cause, but may only be extended to a maximum of 18 months after the date of the filing of the petition. Other parties may not propose competing plans until after expiration of the exclusivity period.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • exclusivity — ex‧clu‧siv‧i‧ty [ˌekskluːˈsɪvti] noun [uncountable] 1. the fact that a place or product is so expensive that not many people can afford to buy it: • Porsche highlighted its exclusivity by aiming at the high end of the luxury car segment. 2. the… …   Financial and business terms

  • exclusivity — a debtor in Chapter 11 has the exclusive right to file a plan of reorganization for the first 120 days of its bankruptcy. Thereafter, unless the period of exclusivity is extended by the court, other parties may file reorganization plans. (Common… …   Glossary of Bankruptcy

  • Exclusivity — is the title of a number one R B single by Damian Dame. The hit song spent two weeks at number one on the US R B chart …   Wikipedia

  • exclusivity — [eks΄klo͞o siv′i tē] n. 1. the condition or practice of being exclusive; esp., clannishness or isolationism 2. exclusive rights to something; monopoly: Also exclusivism exclusivist n., adj. exclusivistic adj. * * * See e …   Universalium

  • exclusivity — 1926, from EXCLUSIVE (Cf. exclusive) + ITY (Cf. ity) …   Etymology dictionary

  • exclusivity — [eks΄klo͞o siv′i tē] n. 1. the condition or practice of being exclusive; esp., clannishness or isolationism 2. exclusive rights to something; monopoly: Also exclusivism exclusivist n., adj. exclusivistic adj …   English World dictionary

  • exclusivity — exclusive ► ADJECTIVE 1) excluding or not admitting other things. 2) restricted to the person, group, or area concerned. 3) high class and expensive; select. 4) not published or broadcast elsewhere. ► NOUN ▪ an exclusive story or broadcast.… …   English terms dictionary

  • exclusivity agreement — Also known as lock out agreement, shut out agreement or no shop agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the client… …   Law dictionary

  • exclusivity period — a debtor in Chapter 11 has the exclusive right to file a plan of reorganization for the first 120 days of its bankruptcy. Thereafter, unless the period of exclusivity is extended by the court, other parties may file reorganization plans. (see… …   Glossary of Bankruptcy

  • exclusivity — noun (plural ties) Date: 1926 1. the quality or state of being exclusive 2. exclusive rights or services …   New Collegiate Dictionary

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