CFIUS Turndown

CFIUS Turndown. Shall be deemed to have occurred if (a) CFIUS has informed the Parties in writing, after reasonable best efforts by the Parties to negotiate with CFIUS to receive CFIUS Approval, that it has unresolved national security concerns with respect to the Conversion and that it intends to send or has sent a report to the President of the United States recommending that the President of the United States act to suspend or prohibit the Conversion or (b) if after the Parties use reasonable best efforts... to negotiate with CFIUS in good faith, CFIUS has informed the Parties it will impose a Burdensome Condition (as defined in the Transaction Agreement) as a condition of CFIUS Approval. View More