Common use of Covenant of Shareholder Clause in Contracts

Covenant of Shareholder. Shareholder shall not, directly or indirectly, solicit, initiate or knowingly encourage (including by way of furnishing information), entertain or consider any Takeover Proposal from any Person other than Purchaser or engage in or continue discussions or negotiations relating to any Takeover Proposal, except that the provisions of this Section 4 shall not restrict the Shareholder's ability to act in such Shareholder's capacity as a director of the Company in accordance with Section 5.2 of the Stock Purchase Agreement. Shareholder shall immediately cease any existing activities, discussions or negotiations by Shareholder or any investment banker, attorney, accountant or other advisor or representative of Shareholder with parties conducted heretofore with respect to any of the foregoing.