Standstill Provision. Subject to the provisions of this Agreement, during the term of this Agreement, Parent and the Shareholder each agree with the Company that, without the prior approval of a majority of the Board, neither Parent nor the Shareholder will, and Parent and the Shareholder will cause each Shareholder Affiliate not to, take any of the following actions:
Appears in 3 contracts
Samples: Shareholder Agreement (Oneok Inc /New/), Shareholder Agreement (Westar Industries Inc), Shareholder Agreement (Westar Energy Inc /Ks)
Standstill Provision. Subject to the provisions of this Agreement, during the term of this Agreement, Parent and the Shareholder each agree agrees with the Company that, without the prior approval of a majority of the Board, neither Parent nor the Shareholder willwill not, and Parent and the Shareholder will cause each Shareholder Affiliate not to, take any of the following actions:
Appears in 3 contracts
Samples: Shareholder Agreement (Western Resources Inc /Ks), Shareholder Agreement (Westar Capital Inc), Shareholder Agreement (Oneok Inc)