Common use of Certain Prohibited Transfers Clause in Contracts

Certain Prohibited Transfers. Each Stockholder agrees not to: (i) sell, transfer, pledge, encumber, assign or otherwise dispose (collectively, the "Transfer") of, or enter into any contract, option or other arrangement or understanding with respect to the Transfer of, such Stockholder's Subject Shares or any interest contained therein (other than, if the transactions contemplated by the Merger Agreement are consummated, by operation of law in the Merger), except that any such Stockholder may Transfer any of the Subject Shares to any other holder of Company Common Stock who is on the date hereof a party to this Agreement or other voting agreement with Parent on terms substantially identical to the terms of this Agreement, or to any other person or entity that, prior to or coincident with such Transfer, executes a voting agreement with Parent on terms substantially identical to the terms of this Agreement; (ii) grant any proxies or powers of attorney or enter into a voting agreement or other arrangement with respect to such Stockholder's Subject Shares, other than this Agreement; (iii) enter into, or deposit such Stockholder's Subject Shares into, a voting trust or take any other action which would, or could reasonably be expected to, result in a diminution of the voting power represented by any of such Stockholder's Subject Shares; nor (iv) commit or agree to take any of the foregoing actions; provided, however, that the restrictions in this Section 6 shall not be deemed violated by any Transfer of Subject Shares pursuant to a cashless exercise of options to acquire Shares so long as the Shares issuable upon exercise thereof become such Stockholder's Subject Shares hereunder.

Appears in 6 contracts

Samples: Voting Agreement (Kerr McGee Corp /De), Voting Agreement (Kerr McGee Corp /De), Voting Agreement (Westport Resources Corp /Nv/)

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Certain Prohibited Transfers. Each Stockholder agrees not to: (i) sell, transfer, pledge, encumber, assign or otherwise dispose whether by merger, consolidation or operation of law (collectively, the "Transfer") of, or enter into any contract, option or other arrangement or understanding with respect to the Transfer of, such Stockholder's ’s Subject Shares or any interest contained therein (other than, if the transactions contemplated by the Merger Agreement are consummated, by operation of law in the Merger), except that any such Stockholder may Transfer any of the Subject Shares to any other holder of Company Common Stock who is on the date hereof a party to this Agreement or other voting agreement with Parent on terms substantially identical to the terms of this Agreement, or to any other person or entity Person that, prior to or coincident with such Transfer, executes a voting an agreement with Parent on terms substantially identical to the terms of this Agreement; (ii) grant any proxies or powers of attorney or enter into a voting agreement or other arrangement with respect to such Stockholder's ’s Subject Shares, other than this Agreement; (iii) enter into, or deposit such Stockholder's ’s Subject Shares into, a voting trust or take any other action which would, or could reasonably be expected to, result in a diminution of the voting power represented by any of such Stockholder's ’s Subject Shares; noror (iv) commit or agree to take any of the foregoing actionsactions that would reasonably be expected in any way to limit, restrict or interfere with Stockholder’s obligations hereunder or with the consummation of the Merger; provided, however, that the restrictions in this Section 6 shall not be deemed violated by any Transfer of Subject Shares pursuant to a cashless exercise of options to acquire Shares so long as the Shares issuable upon exercise thereof become such Stockholder's ’s Subject Shares hereunder.

Appears in 2 contracts

Samples: Voting Agreement (Wise Brion G), Voting Agreement (Anadarko Petroleum Corp)

Certain Prohibited Transfers. Each Stockholder agrees not to: (i) sell, transfer, pledge, encumber, assign or otherwise dispose (collectively, the "Transfer") of, or enter into any contract, option or other arrangement or understanding with respect to the Transfer of, such Stockholder's ’s Subject Shares or any interest contained therein (other than, if the transactions contemplated by the Merger Agreement are consummated, by operation of law in the Merger), except that any such Stockholder may Transfer any of the Subject Shares to any other holder of Company Common Stock who is on the date hereof a party to this Agreement or other voting agreement with Parent on terms substantially identical to the terms of this Agreement, or to any other person or entity that, prior to or coincident with such Transfer, executes a voting agreement with Parent on terms substantially identical to the terms of this Agreement; (ii) grant any proxies or powers of attorney or enter into a voting agreement or other arrangement with respect to such Stockholder's ’s Subject Shares, other than this Agreement; (iii) enter into, or deposit such Stockholder's ’s Subject Shares into, a voting trust or take any other action which would, or could reasonably be expected to, result in a diminution of the voting power represented by any of such Stockholder's ’s Subject Shares; nor (iv) commit or agree to take any of the foregoing actions; provided, however, that the restrictions in this Section 6 shall not be deemed violated by any Transfer of Subject Shares pursuant to a cashless exercise of options to acquire Shares so long as the Shares issuable upon exercise thereof become such Stockholder's ’s Subject Shares hereunder.

Appears in 2 contracts

Samples: Voting Agreement (Westport Resources Corp /Nv/), Voting Agreement (Westport Resources Corp)

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Certain Prohibited Transfers. Each Stockholder agrees not to: (i) sell, transfer, pledge, encumber, assign or otherwise dispose whether by merger, consolidation or operation of law (collectively, the "Transfer") of, or enter into any contract, option or other arrangement or understanding with respect to the Transfer of, such Stockholder's Subject Shares or any interest contained therein (other than, if the transactions contemplated by the Merger Agreement are consummated, by operation of law in the Merger), except that any such Stockholder may Transfer any of the Subject Shares to any other holder of Company Common Stock who is on the date hereof a party to this Agreement or other voting agreement with Parent on terms substantially identical to the terms of this Agreement, or to any other person or entity Person that, prior to or coincident with such Transfer, executes a voting an agreement with Parent on terms substantially identical to the terms of this Agreement; (ii) grant any proxies or powers of attorney or enter into a voting agreement or other arrangement with respect to such Stockholder's Subject Shares, other than this Agreement; (iii) enter into, or deposit such Stockholder's Subject Shares into, a voting trust or take any other action which would, or could reasonably be expected to, result in a diminution of the voting power represented by any of such Stockholder's Subject Shares; noror (iv) commit or agree to take any of the foregoing actionsactions that would reasonably be expected in any way to limit, restrict or interfere with Stockholder's obligations hereunder or with the consummation of the Merger; provided, however, that the restrictions in this Section 6 shall not be deemed violated by any Transfer of Subject Shares pursuant to a cashless exercise of options to acquire Shares so long as the Shares issuable upon exercise thereof become such Stockholder's Subject Shares hereunder.

Appears in 1 contract

Samples: Voting Agreement (Western Gas Resources Inc)

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