Common use of Certain Undertakings Clause in Contracts

Certain Undertakings. (a) The Stockholder hereby agrees that, during the term of this Agreement, at any meeting of the stockholders of the Company, however called, and in any action by written consent of the stockholders of the Company, the Stockholder shall (a) vote the Shares in favor of the Merger; (b) not vote the Shares in favor of any action or agreement which would result in a breach in any material respect of any covenant, representation or warranty or any other obligation of the Company under the Merger Agreement; and (c) vote the Shares against any action or agreement which would impede, interfere with or attempt to discourage the Merger, including, but not limited to: (i) any extraordinary corporate transaction, such as a merger, reorganization or liquidation involving the Company or any of its subsidiaries; (ii) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (iii) any change in the management or board of directors of the Company, except as otherwise agreed to in writing by Purchaser; (iv) any material change in the present capitalization or dividend policy of the Company; or (v) any other material change in the Company's corporate structure or business; provided however, that Stockholder shall not have to take any action specified above in this Section 10 if the Merger Agreement has been terminated by Purchaser or Parent.

Appears in 5 contracts

Samples: Amended Stock Option Agreement (Bliss & Laughlin Industries Inc /De), Amended Stock Option Agreement (Bliss & Laughlin Industries Inc /De), Amended Stock Option Agreement (Fein Roger G Trustee of the G Parker Irr Trust Dt 10/31/88)

AutoNDA by SimpleDocs

Certain Undertakings. (a) The Stockholder hereby agrees that, during the term of this Agreement, at any meeting of the stockholders of the Company, however called, and in any action by written consent of the stockholders of the Company, the Stockholder shall (a) vote the Shares in favor of the Merger; (b) not vote the Shares in favor of any action or agreement which would result in a breach in any material respect of any covenant, representation or warranty or any other obligation of the Company under the Merger Agreement; and (c) vote the Shares against any action or agreement which would impede, interfere with or attempt to discourage the Merger, including, but not limited to: (i) any extraordinary corporate transaction, such as a merger, reorganization or liquidation involving the Company or any of its subsidiaries; (ii) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (iii) any change in the management or board of directors of the Company, except as otherwise agreed to in writing by Purchaser; (iv) any material change in the present capitalization or dividend policy of the Company; or (v) any other material change in the Company's corporate structure or business; provided however, that Stockholder shall not have to take any action specified above in this Section 10 if the Merger Agreement has been terminated by Purchaser or Parent.

Appears in 1 contract

Samples: Stock Option Agreement (BRW Steel Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.