Common use of Covenants of Shareholder Clause in Contracts

Covenants of Shareholder. (a) Shareholder hereby covenants and agrees with Budget that, until the Termination Date, except pursuant to the Merger, Shareholder will not directly or indirectly, (i) grant any proxies or enter into any voting trust or other agreement or arrangement with respect to the voting of any Shares, or (ii) except for the sale, transfer, assignment or other disposition of no more than 20,000 Shares in the aggregate after the date hereof and prior to the period commencing 30 days before the Effective Time, acquire or sell, assign, transfer, pledge, encumber or otherwise dispose of any Shares, or enter into any contract, option or other arrangement or understanding with respect to the direct or indirect acquisition or sale, assignment, transfer, pledge, encumbrance or other disposition of any Shares.