Common use of Restrictions of Certain Actions by Marathon and USX Clause in Contracts

Restrictions of Certain Actions by Marathon and USX. Each of Marathon and USX covenants and agrees that, from the date hereof through the six-month anniversary of the earlier to occur of (a) the date that Ashland and its Affiliates do not own any Membership Interests, and (b) the date that Marathon and its Affiliates do not own any Membership Interests, it shall not, and it shall cause each of its Affiliates (including, for the avoidance of doubt, Employee Benefit Plans of USX, Marathon and their respective Affiliates) not to, singly or as part of a partnership, limited partnership, syndicate or other group (as those terms are defined in Section 13(d)(3) of the Exchange Act), directly or indirectly:

Appears in 6 contracts

Samples: Standstill Agreement (Marathon Oil Corp), Standstill Agreement (Marathon Oil Corp), Standstill Agreement (Ashland Inc)

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