Common use of Covenants of the Security Holder Clause in Contracts

Covenants of the Security Holder. Each Security Holder covenants and agrees that, until the Expiration Date, he, she or it will: (a) subject to the provisions of Section 5, not sell, transfer (including by testamentary succession or otherwise by operation of law), pledge, hypothecate, encumber, assign, tender or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, hypothecation, encumbrance, assignment, tender or other disposition of, any of the securities of the Company or Subject Shares held by such Security Holder or any right, title or interest therein; and (b) other than as expressly contemplated by this Agreement, not grant any powers of attorney or proxies or consents in respect of any of the securities of the Company or Subject Shares held by such Security Holder, deposit any of the securities of the Company or Subject Shares held by such Security Holder into a voting trust, enter into a voting agreement with respect to any of the securities of the Company or the Subject Shares held by such Security Holder or otherwise restrict his, her or its ability freely to exercise all voting rights with respect to the securities of the Company or Subject Shares held by such Security Holder, or commit any other act that could restrict or otherwise affect his, her or its legal power, authority and right to vote the securities of the Company or Subject Shares held by such Security Holder.