Common use of Participation Limitations Clause in Contracts

Participation Limitations. Shareholder agrees that during the Standstill Period, Shareholder will not, individually or in concert with others acting as a 13D Group will not: (a) make or in any way participate in the “solicitation” of “proxies” (as such terms are used in the rules and regulations of the Securities Exchange Commission) with respect to any shares of stock of Purchaser; (b) propose any stockholder resolutions in respect of Purchaser under Rule 14a-8 of the Securities Exchange Act of 1934, as amended, or otherwise; (c) seek to call any meeting of shareholders of the Purchaser; or (d) seek to take any action by written consent of shareholders of the Purchaser; or (e) seek to advise or influence any other person or entity with respect to the voting of common stock of the Purchaser. Shareholder agrees that during the Standstill Period, that such Shareholder: (i) except for pursuant to pledges, will not deposit any Owned Shares in any voting trust or, except as contemplated in this Agreement, subject any Owned Shares to any arrangement or agreement with any person or entity with respect to the voting of such Owned Shares; (ii) will not join a 13D Group or other group, or otherwise act in concert with any person or entity for the purpose of acquiring, holding, voting or disposing of any Owned Shares; or (iii) will not, individually or in concert with others acting as a 13D Group, without the prior written consent of the Purchaser, seek or propose (whether publically or otherwise) to effect control of the management, board of directors (including but not limited to a removal of a director) or policies of the Purchaser.

Appears in 5 contracts

Samples: Stock Conversion, Voting and Support Agreement (MFP Investors LLC), Conversion, Voting and Support Agreement (Columbia Banking System Inc), Stock Conversion, Voting and Support Agreement (Columbia Banking System Inc)

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Participation Limitations. Shareholder agrees that during the Standstill Period, Shareholder will not, individually or in concert with others acting as a 13D Group will not: (a) make or in any way participate in the “solicitation” of “proxies” (as such terms are used in the rules and regulations of the Securities Exchange CommissionSEC) with respect to any shares of stock of PurchaserParent; (b) propose any stockholder resolutions in respect of Purchaser Parent under Rule 14a-8 of the Securities Exchange Act of 1934Act, as amended, or otherwise; (c) seek to call any meeting of shareholders of the PurchaserParent; or (d) seek to take any action by written consent of shareholders of the PurchaserParent; or (e) seek to advise or influence any other person or entity with respect to the voting of common stock of the PurchaserParent Common Stock. Shareholder agrees that during the Standstill Period, that such Shareholder: (i) except for pursuant to pledges, will not deposit any Owned Shares in any voting trust or, except as contemplated in this Agreement, subject any Owned Shares to any arrangement or agreement with any person or entity with respect to the voting of such Owned Shares; (ii) will not join a 13D Group or other group, or otherwise act in concert with any person or entity for the purpose of acquiring, holding, voting or disposing of any Owned Shares; or (iii) will not, individually or in concert with others acting as a 13D Group, without the prior written consent of the PurchaserParent, seek or propose (whether publically or otherwise) to effect control of the management, board of directors (including but not limited to a removal of a director) or policies of the PurchaserParent.

Appears in 4 contracts

Samples: Warrant Transfer, Voting and Support Agreement (Intermountain Community Bancorp), Warrant Transfer, Voting and Support Agreement (Intermountain Community Bancorp), Warrant Transfer, Voting and Support Agreement (Columbia Banking System Inc)

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