Common use of Covenants of the Grantor Clause in Contracts

Covenants of the Grantor. The Grantor agrees that, prior to the termination of this Agreement, it will not transfer, sell, or assign to any other Person, or otherwise dispose of, pledge, encumber, or suffer any Encumbrance upon, any shares of capital stock of the Shell Company which Grantor owns, including the Option Shares. The Grantor further agrees that, prior to the termination of this Agreement, it will not, without the prior written approval of the Optionee, vote (in person, by proxy or by action by written consent, as applicable) any of the Option Shares in favor of, or to adopt or approve any of the following actions with regard to the Shell Company or any direct or indirect subsidiary of the Shell Company (referred to individually and collectively as the “Company”):

Appears in 2 contracts

Samples: Amended Option Agreement (American Smooth Wave Ventures, Inc.), Option Agreement (American Smooth Wave Ventures, Inc.)

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Covenants of the Grantor. The Grantor agrees that, prior to the termination of this Agreement, it will not transfer, sell, or assign to any other Person, or otherwise dispose of, pledge, encumber, or suffer any Encumbrance upon, any shares of capital stock of the Shell Company Wise Winning which Grantor owns, including the Option Shares. The Grantor further agrees that, prior to the termination of this Agreement, it will not, without the prior written approval of the Optionee, vote (in person, by proxy or by action by written consent, as applicable) any of the Option Shares in favor of, or to adopt or approve any of the following actions with regard to the Shell Company Wise Winning or any direct or indirect subsidiary or affiliate of the Shell Company Wise Winning (referred to individually and collectively as the “Company”):

Appears in 1 contract

Samples: Amended and Restated Option Agreement (China Power Technology, Inc.)

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Covenants of the Grantor. The Grantor agrees that, prior to the termination of this Agreement, it he will not transfer, sell, or assign to any other Personperson or entity, or otherwise dispose of, pledge, encumber, or suffer any Encumbrance encumbrance upon, any shares of capital stock of the Shell Company which Grantor owns, including the Option Shares. The Grantor further agrees that, prior to the termination of this Agreement, it he will not, without the prior written approval of the Optionee, vote (in person, by proxy or by action by written consent, as applicable) any of the Option Shares in favor of, or to adopt or approve any of the following actions with regard to the Shell Company or any direct or indirect subsidiary of the Shell Company (together with the Company, referred to in this Section 7 individually and collectively as the “Company”):

Appears in 1 contract

Samples: Option Agreement (TEC Technology, Inc.)

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