Extract to table

The parties to a reportable transaction must observe a mandatory waiting period following the filing of the required Notification and Report Forms before the transaction may be consummated

The fee must be submitted to the FTC at the time of filing, typically by wire transfer or check, accompanied by the appropriate filing fee determination form

Both companies must continue to operate as independent competitors during this period

The Offer-to-Purchase Agreement should specify the standard of effort that Torchlight is required to use in seeking to obtain regulatory clearances

The precise formulation of this efforts standard should be negotiated with Ridgeline and its counsel and may include limitations on the actions Torchlight is required to take (e

whether Torchlight is required to divest assets or agree to behavioral remedies to obtain clearance)