Common use of Basic Commitment Clause in Contracts

Basic Commitment. WMX shall not during any Arbitrage Period either Transfer any WM Shares or enter into any agreement obligating WMX to Transfer any WM Shares (1) except as may be permitted by Section 5.1 or Section 5.5 and (2) except that WMX may Transfer WM Shares during any Arbitrage Period to the extent WMX is required to do so (i) by any agreement made by WMX at a time which did not fall within an Arbitrage Period and which otherwise complies with the requirements of this Agreement or (ii) by the terms of any sale made by WMX outside of any Arbitrage Period and which otherwise complies with the requirements of this Agreement and for which the settlement day falls within the Arbitrage Period.