Common use of Restriction on Transfer, Proxies and Non Clause in Contracts

Restriction on Transfer, Proxies and Non. Interference. Prior to the Effective Time, the Stockholder shall not except as otherwise permitted by this Agreement, (i) directly or indirectly sell, transfer, pledge, encumber (except due to this Agreement), assign or otherwise dispose of, limit its right to vote in any manner, or enter into any contract, option or other arrangement or understanding in respect of the sale, transfer, pledge, encumbrance, assignment or other disposition of, or limitation on the voting rights of, any of the Voting Shares, provided that nothing in this Agreement shall prohibit the exercise by the Stockholder of any options or warrants to purchase Voting Shares, (ii) grant any proxies or powers of attorney, deposit any Voting Shares into a voting trust or enter into a voting agreement in respect of any Voting Shares, (iii) take any action that would cause any representation or warranty of the Stockholder contained herein to become untrue or incorrect or have the effect of preventing or disabling the Stockholder from performing its obligations under this Agreement or (iv) commit or agree to take any of the foregoing actions. Any transfer of Voting Shares not permitted hereby shall be null and void and any such prohibited transfer may and should be enjoined. If any involuntary transfer of any of the Voting Shares shall occur (including, but not limited to, a sale by the Stockholder's trustee in any bankruptcy, or a sale to a purchaser at any creditor's or court sale), the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Voting Shares subject to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect until valid termination of this Agreement.

Appears in 1 contract

Samples: Support Agreement (Amscan Holdings Inc)

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Restriction on Transfer, Proxies and Non. InterferenceINTERFERENCE. Prior Each Stockholder hereby agrees, while this Agreement is in effect, at any time prior to the Effective Time, not to (a) (i) other than as may be specifically required by a court order, which the Stockholder shall not except as otherwise permitted use its reasonable best efforts to avoid (including by offering substitute consideration or property) and provided further that the Stockholder shall use reasonable best efforts to cause any such Voting Shares to be transferred subject to this Agreement, (i) directly or indirectly sell, transfer, pledge, encumber (except as set forth on Attachment A or due to this Agreement), assign or otherwise dispose of, limit its right to vote in any manner, or enter into any contract, option or other arrangement or understanding in with respect of to the sale, transfer, pledge, encumbrance, assignment or other disposition of, or limitation on the voting rights of, any of the Voting Shares, provided that nothing in this Agreement shall prohibit the exercise by the Stockholder of any options or warrants to purchase Voting SharesShares or (ii) convert any shares of Preferred Stock into shares of Common Stock, (iib) grant any proxies or powers of attorney, deposit any Voting Shares into a voting trust or enter into a voting agreement in with respect of to any Voting Shares, (iiic) take any action that would cause any representation or warranty of the Stockholder contained herein to become untrue or incorrect or have the effect of preventing or disabling the Stockholder from performing its obligations under this Agreement or (ivd) commit or agree to take any of the foregoing actions. Any transfer of Voting Shares not permitted hereby shall be null and void and void. Stockholder agrees that any such prohibited transfer may and should be enjoined. If any involuntary transfer of any of the Voting Shares shall occur (including, but not limited to, a sale by the Stockholder's trustee in any bankruptcy, or a sale to a purchaser at any creditor's or court sale), the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Voting Shares subject to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect until valid termination of this Agreement.

Appears in 1 contract

Samples: Voting Agreement (Usa Interactive)

Restriction on Transfer, Proxies and Non. Interference. Prior Stockholder hereby agrees, while this Agreement is in effect, at any time prior to the Effective Timecompletion of the Stockholders Meeting (including any adjournment or postponement thereof), the Stockholder shall not except as otherwise permitted by this Agreement, to (ia) directly or indirectly sell, transfer, pledge, encumber (except due to this Agreement), assign or otherwise dispose of, limit its right to vote in any manner, or enter into any contract, option or other arrangement or understanding in with respect of to the sale, transfer, pledge, encumbrance, assignment or other disposition of, or limitation on the voting rights of, any of the Voting Shares, provided that nothing in this Agreement shall prohibit the exercise by the Stockholder of any options or warrants to purchase Voting Shares or conversion of convertible securities pursuant to which Stockholder will acquire Voting Shares, (iib) grant any proxies or powers of attorney, deposit any Voting Shares into a voting trust or enter into a voting agreement in with respect of to any Voting Shares, (iiic) take any action that would cause any representation or warranty of the Stockholder contained herein to become untrue or incorrect or have the effect of preventing or disabling the any Stockholder from performing its obligations under this Agreement or (ivd) commit or agree to take any of the foregoing actions. Any transfer of Voting Shares not permitted hereby shall be null and void and any such prohibited transfer may and should be enjoinedvoid. If any involuntary transfer of any of the Voting Shares shall occur (including, but not limited to, including a sale by the Stockholder's trustee in any bankruptcy, or a sale to a purchaser at any creditor's or court sale), the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Voting Shares subject to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect until the earlier of (i) the date on which such restrictions, liabilities and rights terminate pursuant to this Agreement and (ii) a valid termination of this Agreement.

Appears in 1 contract

Samples: Voting Agreement (ACME Global Inc.)

Restriction on Transfer, Proxies and Non. Interference. Prior Stockholder hereby agrees, while this Agreement is in effect, not to the Effective Time, the Stockholder shall not except as otherwise permitted by this Agreement, (ia) directly or indirectly sell, transfer, pledge, encumber (except due to this Agreement)encumber, assign or otherwise dispose of, limit its right to vote in any manner, or enter into any contract, option or other arrangement or understanding in other than this Agreement with respect of to the sale, transfer, pledge, encumbrance, assignment or other disposition of, or limitation on the voting rights of, any of the Voting Shares, provided that nothing in this Agreement shall prohibit the exercise by the Stockholder of any options or warrants to purchase Voting Shares, (iib) grant any proxies or powers of attorney, deposit any Voting Shares into a voting trust or enter into a voting agreement in with respect of to any Voting SharesShares (or attempt or purport to revoke or supersede the proxy granted to Parent hereunder), (iiic) take any action that would reasonably could cause any representation or warranty of the Stockholder contained herein to become untrue or incorrect or have the effect of preventing or disabling the Stockholder from performing its covenants or other obligations under this Agreement or (ivd) commit or agree to take any of the foregoing actions. Any transfer of any Voting Shares not permitted hereby in violation of this provision shall be null and void and any such prohibited transfer may and should be enjoinedvoid. If any involuntary transfer of any of the Voting Shares shall occur (including, but not limited to, including a sale by the Stockholder's trustee in any bankruptcy, or a sale to a purchaser at any creditor's or court sale), the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Voting Shares subject to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect until the earlier of (i) the date on which such restrictions, liabilities and rights terminate pursuant to this Agreement and (ii) a valid termination of this Agreement.

Appears in 1 contract

Samples: Option and Support Agreement (Corvu Corp)

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Restriction on Transfer, Proxies and Non. Interference. Prior Each Stockholder hereby agrees, while this Agreement is in effect, at any time prior to the Effective Timecompletion of the MUSA Stockholders Meeting (including any adjournment or postponement thereof), the Stockholder shall not except as otherwise permitted by this Agreement, to (ia) directly or indirectly sell, transfer, pledge, encumber (except due to this Agreement), assign or otherwise dispose of, limit its right to vote in any manner, or enter into any contract, option or other arrangement or understanding in with respect of to the sale, transfer, pledge, encumbrance, assignment or other disposition of, or limitation on the voting rights of, any of the Voting Shares, provided that nothing in this Agreement shall prohibit the exercise by the a Stockholder of any options or warrants to purchase Voting Shares, (iib) grant any proxies or powers of attorney, deposit any Voting Shares into a voting trust or enter into a voting agreement in with respect of to any Voting Shares, (iiic) take any action that would cause any representation or warranty of the any Stockholder contained herein to become untrue or incorrect or have the effect of preventing or disabling the any Stockholder from performing its obligations under this Agreement or (ivd) commit or agree to take any of the foregoing actions. Any transfer of Voting Shares not permitted hereby shall be null and void and any such prohibited transfer may and should be enjoinedvoid. If any involuntary transfer of any of the Voting Shares shall occur (including, but not limited to, a sale by the a Stockholder's trustee in any bankruptcy, or a sale to a purchaser at any creditor's or court sale), the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Voting Shares subject to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect until the earlier of (i) the date on which such restrictions, liabilities and rights terminate pursuant to this Agreement and (ii) a valid termination of this Agreement.

Appears in 1 contract

Samples: Support Agreement (Metals Usa Inc)

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