Common use of Agreement to Hold Clause in Contracts

Agreement to Hold. Each Stockholder agrees that, for the two-year period immediately following the date of the LLC Agreement, each will continue to hold no less than 50% of its interest in the Company which it owns immediately following the Merger; provided, that the foregoing agreement and all other restrictions imposed on the ability of New Member or Telcom, respectively, to transfer their respec- tive interests in the Company, except those imposed by law, shall lapse and be null, void and without further effect, if a Consultation Event occurs even though New Member or Telcom, respectively, have objected thereto; and provid- ed, further, that if at the time the agreement contained in this Section 13 shall have lapsed and become null and void and without further effect with respect to Telcom pursuant to the immediately preceding proviso, MSI is not entitled, pursuant to the Certificate of Incorporation, to elect a majority of the members of the Board of Directors, then the agreement contained in this Section 13 shall automatically lapse and become null and void and without further effect with respect to MSI.

Agreement to Hold. Each Stockholder agrees that, for the two-year period immediately following the date of the LLC Agreement, each will continue to hold no less than 50% of its interest in the Company which it owns immediately following the Merger; provided, that the foregoing agreement and all other restrictions imposed on the ability of New Member or Telcom, respectively, to transfer their respec- tive respective interests in the Company, except those imposed by law, shall lapse and be null, void and without further effect, if a Consultation Event occurs even though New Member or Telcom, respectively, have objected thereto; and provid- edprovided, further, that if at the time the agreement contained in this Section 13 shall have lapsed and become null and void and without further effect with respect to Telcom pursuant to the immediately preceding proviso, MSI is not entitled, pursuant to the Certificate of Incorporation, to elect a majority of the members of the Board of Directors, then the agreement contained in this Section 13 shall automatically lapse and become null and void and without further effect with respect to MSI.

Agreement to Hold. Each Stockholder Stock holder agrees that, for the two-year period immediately following the date of the LLC Agreement, each will continue to hold no less than 50% of its interest in the Company which it owns immediately following the Merger; provided, that the foregoing agreement and all other restrictions imposed on the ability of New Member or Telcom, respectively, to transfer their respec- tive respective interests in the Company, except those imposed by law, shall lapse and be null, void and without further effect, if a Consultation Event occurs even though New Member or Telcom, respectively, have objected thereto; and provid- edprovided, further, that if at the time the agreement contained in this Section 13 shall have lapsed and become null and void and without further effect with respect to Telcom pursuant to the immediately preceding proviso, MSI is not entitled, pursuant to the Certificate of Incorporation, to elect a majority of the members of the Board of Directors, then the agreement contained in this Section 13 shall automatically lapse and become null and void and without further effect with respect to MSI.