{"iri":"http://lmss.sali.org/R7lw1kvfDrIqvdTv04QYbIP","id":"R7lw1kvfDrIqvdTv04QYbIP","label":"Change of Recommendation Covenant","definition":"A Change of Recommendation Covenant is a provision in a deal protection agreement that requires a target company's board to recommend a new offer to its shareholders, even if it is less favorable than a previous offer, in exchange for certain protections for the acquirer.","prefLabels":[],"altLabels":["Alteração da Cláusula de Recomendação","Cambio del Convenio de Recomendación","Cambio del Convenio de Recomendación","Change of Recommendation Covenant","Changement de la clause de recommandation","Änderung der Empfehlungsklausel","שינוי ברית ההמלצה","सिफारिश निवेदन का बदलाव","建议变更契约","推奨規定変更"],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RlNFgB3TQfMzV26V4V7u4E","label":"Objectives"},"parents":[{"iri":"http://lmss.sali.org/R8S6XHMUuU5cg5gdDri7LuL","id":"R8S6XHMUuU5cg5gdDri7LuL","label":"Deal Protection and Related Provisions"}],"children":[{"iri":"http://lmss.sali.org/R8rgsxWmEx8qQqXMEtuobJx","id":"R8rgsxWmEx8qQqXMEtuobJx","label":"Fiduciary Exemption to Change of Recommendation Covenant"},{"iri":"http://lmss.sali.org/RQgpAo5GFhGAvTuB5ZwKO3","id":"RQgpAo5GFhGAvTuB5ZwKO3","label":"Matching Rights Language"}],"relations":[],"url":"https://lmss.io/tag/R7lw1kvfDrIqvdTv04QYbIP/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}