Common use of No Restraint on Officer or Director Action; Etc Clause in Contracts

No Restraint on Officer or Director Action; Etc. Notwithstanding anything to the contrary herein, Parent hereby acknowledges and agrees that no provision in this Agreement shall limit or otherwise restrict the Stockholder with respect to any act or omission that the Stockholder may undertake or authorize in such Stockholder’s capacity as a director or officer of the Company or any subsidiary thereof, including any vote that such individual may make as a director of the Company with respect to any matter presented to the Company’s board of directors. The Stockholder has executed this Agreement solely in such Stockholder’s capacity as the record and/or beneficial owner of the Covered Shares and no action taken by the Stockholder in such Stockholder’s capacity as a director or officer of the Company or any subsidiary thereof shall be deemed to constitute a breach of any provision of this Agreement.

Appears in 6 contracts

Samples: Voting Agreement (Churchill Downs Inc), Voting Agreement (Churchill Downs Inc), Voting Agreement (Youbet Com Inc)

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No Restraint on Officer or Director Action; Etc. Notwithstanding anything to the contrary herein, each of the Parent Parties hereby acknowledges and agrees that no provision in this Agreement shall limit or otherwise restrict the any Stockholder with respect to any act or omission that the such Stockholder may undertake or authorize in such Stockholder’s capacity as a director or officer of the Company or any subsidiary thereof, including any vote that such individual may make as a director of the Company with respect to any matter presented to the Company’s board of directorsCompany Board. The Each Stockholder has executed this Agreement solely in such Stockholder’s capacity as the record and/or beneficial owner of the Covered such Stockholder’s Original Shares and no action taken by the any Stockholder in such Stockholder’s capacity as a director or officer of the Company or any subsidiary thereof shall be deemed to constitute a breach of any provision of this Agreement.

Appears in 3 contracts

Samples: Voting Agreement (DRA Growth & Income Fund VIII, LLC), Voting Agreement (Goodwin Daniel L), Voting Agreement (Inland Real Estate Corp)

No Restraint on Officer or Director Action; Etc. Notwithstanding anything to the contrary herein, Parent the Company hereby acknowledges and agrees that no provision in this Agreement shall limit or otherwise restrict the Stockholder with respect to any act or omission that the Stockholder may undertake or authorize in such Stockholder’s his or her capacity as a director or officer of the Company Parent or any subsidiary thereof, including any vote that such individual may make as a director of the Company Parent with respect to any matter presented to the Company’s board of directorsParent Board. The Stockholder has executed this Agreement solely in such Stockholder’s his or her capacity as the record and/or beneficial owner of the his or her Covered Shares and no action taken by the Stockholder in such Stockholder’s his or her capacity as a director or officer of the Company Parent or any subsidiary thereof shall be deemed to constitute a breach of any provision of this Agreement.

Appears in 2 contracts

Samples: Voting Agreement (Pulte Homes Inc/Mi/), Voting Agreement (Pulte Homes Inc/Mi/)

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No Restraint on Officer or Director Action; Etc. Notwithstanding anything to the contrary herein, Parent hereby acknowledges and agrees that no provision in this Agreement shall limit or otherwise restrict the Stockholder with respect to any act or omission that the Stockholder may undertake or authorize in such Stockholder’s his or her capacity as a director or officer of the Company or any subsidiary thereof, including any vote that such individual may make as a director of the Company with respect to any matter presented to the Company’s board of directorsCompany Board. The Stockholder has executed this Agreement solely in such Stockholder’s his or her capacity as the record and/or beneficial owner of the his or her Covered Shares and no action taken by the Stockholder in such Stockholder’s his or her capacity as a director or officer of the Company or any subsidiary thereof shall be deemed to constitute a breach of any provision of this Agreement.

Appears in 2 contracts

Samples: Voting Agreement (Pulte Homes Inc/Mi/), Voting Agreement (Pulte Homes Inc/Mi/)

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