Common use of No Transfer or Encumbrance Clause in Contracts

No Transfer or Encumbrance. In addition to and notwithstanding -------------------------- the provisions of Section 1.8 of the Standstill Agreement, the Shareholder agrees not to transfer, sell, offer, exchange, pledge or otherwise dispose of or encumber any of the Warrants, Shareholder Shares or New Shares on or after the date hereof and during the term of this Agreement, except for tenders in accordance with Section 2.4, unless the transferee agrees in writing in form satisfactory to the Company and Parent to be bound by the terms of this Agreement.

No Transfer or Encumbrance. In addition to and notwithstanding -------------------------- the provisions of Section 1.8 of the Standstill Agreement, WMX and the Shareholder agrees agree not to transfer, sell, offer, exchange, pledge or otherwise dispose of or encumber any of the Warrants, Shareholder Shares or New Shares on or after the date hereof and during the term of this Agreement, except for tenders in accordance with Section 2.4, unless the transferee agrees in writing in form satisfactory to the Company and Parent to be bound by the terms of this Agreement.