Common use of Encumbrance of Shares Clause in Contracts

Encumbrance of Shares. Except as otherwise set forth in this Agreement, none of the Shareholders part to this Agreement may sell or transfer, grant an option to sell, encumber, pledge, charge (whether fixed or floating), create a security interest in or grant, declare, create or dispose of any right or interest in or permit to exist any lien or otherwise deal with any of its Shares in the Company bound to this Agreement, without the prior written consent of the other Shareholders for the period in which this Agreement are in full force and effect.

Encumbrance of Shares. Except as otherwise set forth in this Agreement, none of the Shareholders part subject to this Agreement may sell or transfer, grant an option to sell, encumber, pledge, charge (whether fixed or floating), create a security interest in or grant, declare, create or dispose of any right or interest in or permit to exist any lien or otherwise deal with any of its Shares in the Company bound to this Agreement, without the prior written consent of the other Shareholders for the period in which this Agreement are is in full force and effect.