Common use of Prohibition on Transfers, Other Actions Clause in Contracts

Prohibition on Transfers, Other Actions. (a) Except as permitted by Section 5.4(b), the Stockholder hereby agrees not to (i) Transfer any of the Covered Shares, Beneficial Ownership thereof or any other interest specifically therein (including by tendering into another tender or exchange offer), except to participate in the Offer or the Merger; (ii) enter into any agreement, arrangement or understanding with any Person (other than Parent, US Corp. or Merger Sub), or knowingly take any other action, that violates or conflicts with the Stockholder’s representations, warranties, covenants and obligations under this Agreement; or (iii) knowingly take any action that could restrict or otherwise affect the Stockholder’s legal power, authority and right to comply with and perform its covenants and obligations under this Agreement. Any Transfer in violation of this provision shall be void.

Appears in 7 contracts

Samples: Stockholder Agreement (National Medical Health Card Systems Inc), Stockholder Agreement (SXC Health Solutions Corp.), Stockholder Agreement (SXC Health Solutions Corp.)

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Prohibition on Transfers, Other Actions. (aSubject to Section 4.3(b)(ii) Except and except as permitted by Section 5.4(b)set forth on Schedule 2 hereto, the Stockholder hereby agrees not to (i) Transfer any of the Covered Shares, Beneficial Ownership thereof or any other interest specifically therein (including by tendering into another tender or exchange offer), except to participate in the Offer or the Mergerunless such Transfer is a Permitted Transfer; (ii) enter into any agreement, arrangement or understanding with any Person (other than Parent, US Corp. or Merger Sub)Person, or knowingly take any other action, that violates or conflicts with or would reasonably be expected to violate or conflict with, or result in or give rise to a violation of or conflict with, the Stockholder’s representations, warranties, covenants and obligations under this Agreement; or (iii) knowingly take any action that could restrict or otherwise affect the Stockholder’s legal power, authority and right to comply with and perform its covenants and obligations under this Agreement. Any Transfer in violation of this provision shall be void.

Appears in 2 contracts

Samples: Voting Agreement (Xerox Corp), Voting Agreement (Affiliated Computer Services Inc)

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Prohibition on Transfers, Other Actions. (a) Except as permitted by Section 5.4(b)During the term of this Agreement, the each Stockholder hereby agrees not to (i) Transfer any of the Covered Shares, Beneficial Ownership thereof or any other interest specifically therein (including by tendering into another a tender or exchange offer), except to participate in the Offer or the Merger; unless such Transfer is a Permitted Transfer, (ii) subject to Section 4.3(b) below, enter into any agreement, arrangement or understanding with any Person (other than Parent, US Corp. Parent or Merger Sub), or knowingly take any other action, that violates or conflicts with the Stockholder’s representations, warranties, covenants and obligations under this Agreement; , or (iii) knowingly take any action that could restrict or otherwise affect the Stockholder’s legal power, authority and right to comply with and perform its covenants and obligations under this Agreement. Any Transfer in violation of this provision shall be voidvoid ab initio.

Appears in 2 contracts

Samples: Voting Agreement (Vanguard Health Systems Inc), Voting Agreement (Tenet Healthcare Corp)

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