Common use of Support Agreement Clause in Contracts

Support Agreement. From the date hereof until the earlier of (a) the Closing or (b) the termination of the Merger Agreement in accordance with its terms (the “Support Period”), the Shareholder irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each postponement, recess, adjournment or continuation thereof) of UMB’s shareholders, however called, and in connection with any written consent of UMB’s shareholders, the Shareholder shall (i) appear at such meeting or otherwise cause all of the Shareholder’s Existing Shares and all other shares of Common Stock or voting securities over which the Shareholder has acquired, after the date hereof, beneficial or record ownership and the sole power to vote or direct the voting thereof (including any such shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any stock options to acquire Common Stock or the conversion of any convertible securities, or pursuant to any other equity awards or derivative securities (including any UMB Equity Awards) or otherwise) (together with the Existing Shares, the “Shares”), as of the applicable record date, to be counted as present thereat for purposes of calculating a quorum, and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all such Shares (A) in favor of the approval of the UMB Share Issuance, (B) in favor of the UMB Articles Amendment, (C) in favor of any proposal to adjourn or postpone such meeting of UMB’s shareholders to a later date if there are not sufficient votes to approve the UMB Share Issuance or the UMB Articles Amendment, (D) against any Acquisition Proposal, and (E) against any action, proposal, transaction, agreement or amendment of the UMB Articles of Incorporation or UMB Bylaws, in each case of this clause (E), which would reasonably be expected to (1) result in a breach of any covenant, representation or warranty or any other obligation or agreement of UMB contained in the Merger Agreement, or of the Shareholder contained in this Agreement or (2) prevent, impede, delay, interfere with, postpone, discourage or frustrate the purposes of or adversely affect the consummation of the transactions contemplated by the Merger Agreement, including the Mergers. The Shareholder agrees to exercise all voting or other determination rights the Shareholder has in any trust or other legal entity to carry out the intent and purposes of the Shareholder’s obligations in this paragraph and otherwise set forth in this Agreement. The Shareholder represents, covenants and agrees that, except for this Agreement, the Shareholder (x) has not entered into, and shall not enter into during the Support Period, any support or voting agreement or voting trust or similar agreement with respect to the Shares that would be inconsistent with the Shareholder’s obligations under this Agreement and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of attorney with respect to the Shares except any proxy to carry out the intent of and the Shareholder’s obligations under this Agreement and any revocable proxy granted to officers or directors of UMB at the request of the UMB Board of Directors in connection with election of directors or other routine matters at any annual or special meeting of the UMB shareholders. The Shareholder represents, covenants and agrees that he has not entered into and will not enter into any agreement or commitment with any person the effect of which would be inconsistent with or otherwise violate any of the provisions and agreements set forth herein; provided that nothing in this sentence will prohibit any Permitted Transfer. With respect to any shares of Common Stock over which the Shareholder has shared voting power, the Shareholder shall exercise his individual voting power over such shares, to the extent within his control, in a manner consistent with the Shareholder’s voting obligations under this Agreement with respect to the Shares, it being understood that the Shareholder shall not have the power to cause other persons to exercise their voting power accordingly.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Umb Financial Corp), Agreement and Plan of Merger (Heartland Financial Usa Inc), Umb Support Agreement (Kemper J Mariner)

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Support Agreement. From the date hereof until the earlier of (a) the Closing or (b) the termination of the Merger Agreement in accordance with its terms (the “Support Period”), the Shareholder irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each postponement, recess, adjournment or continuation thereof) of UMBHTLF’s shareholdersstockholders, however called, and in connection with any written consent of UMBHTLF’s shareholdersstockholders, the Shareholder shall (i) appear at such meeting or otherwise cause all of the Shareholder’s Existing Shares and all other shares of Common Stock or voting securities over which the Shareholder has acquired, after the date hereof, beneficial or record ownership and the sole power to vote or direct the voting thereof (including any such shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any stock options to acquire Common Stock or the conversion of any convertible securities, or pursuant to any other equity awards or derivative securities (including any UMB HTLF Equity Awards) or otherwise) (together with the Existing Shares, the “Shares”), as of the applicable record date, to be counted as present thereat for purposes of calculating a quorum, and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all such Shares (A) in favor of the approval adoption of the UMB Share IssuanceMerger Agreement, (B) in favor of the UMB Articles Amendment, (C) in favor of any proposal to adjourn or postpone such meeting of UMBHTLF’s shareholders stockholders to a later date if there are not sufficient votes to approve adopt the UMB Share Issuance or the UMB Articles AmendmentMerger Agreement, (DC) against any Acquisition Proposal, and (ED) against any action, proposal, transaction, agreement or amendment of the UMB Articles of Incorporation HTLF Charter or UMB HTLF Bylaws, in each case of this clause (ED), which would reasonably be expected to (1) result in a breach of any covenant, representation or warranty or any other obligation or agreement of UMB HTLF contained in the Merger Agreement, or of the Shareholder contained in this Agreement or (2) prevent, impede, delay, interfere with, postpone, discourage or frustrate the purposes of or adversely affect the consummation of the transactions contemplated by the Merger Agreement, including the Mergers. The Shareholder agrees to exercise all voting or other determination rights the Shareholder has in any trust or other legal entity to carry out the intent and purposes of the Shareholder’s obligations in this paragraph and otherwise set forth in this Agreement. The Shareholder represents, covenants and agrees that, except for this Agreement, the Shareholder (x) has not entered into, and shall not enter into during the Support Period, any support or voting agreement or voting trust or similar agreement with respect to the Shares that would be inconsistent with the Shareholder’s obligations under this Agreement and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of attorney with respect to the Shares except any proxy to carry out the intent of and the Shareholder’s obligations under this Agreement and any revocable proxy granted to officers or directors of UMB HTLF at the request of the UMB HTLF Board of Directors in connection with election of directors or other routine matters at any annual or special meeting of the UMB shareholdersHTLF stockholders. The Shareholder represents, covenants and agrees that he has not entered into and will not enter into any agreement or commitment with any person the effect of which would be inconsistent with or otherwise violate any of the provisions and agreements set forth herein; provided that nothing in this sentence will prohibit any Permitted Transfer. With respect to any shares of Common Stock over which the Shareholder has shared voting power, the Shareholder shall exercise his individual voting power over such shares, to the extent within his control, in a manner consistent with the Shareholder’s voting obligations under this Agreement with respect to the Shares, it being understood that the Shareholder shall not have the power to cause other persons to exercise their voting power accordingly.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Heartland Financial Usa Inc), Agreement and Plan of Merger (Umb Financial Corp), Support Agreement (Umb Financial Corp)

Support Agreement. From the date hereof until the earlier of (a) the Closing or (b) the termination of the Merger Agreement in accordance with its terms (the “Support Period”), the each Shareholder irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each postponement, recess, adjournment or continuation thereof) of UMBFIBK’s shareholders, however called, and in connection with any written consent of UMBFIBK’s shareholders, the each Shareholder shall (i) appear at such meeting or otherwise cause all of the such Shareholder’s Existing Shares and all other shares of Common Stock or voting securities over which the such Shareholder has acquired, after the date hereof, beneficial or record ownership and the sole power to vote or direct the voting thereof (including any such shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any stock options to acquire Common Stock or the conversion of any convertible securities, or pursuant to any other equity awards or derivative securities (including any UMB FIBK Equity Awards) or otherwise) (together with the Existing Shares, the “Shares”), as of the applicable record date, to be counted as present thereat for purposes of calculating a quorum, and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all such Shares (A) in favor of the approval of the UMB Share IssuanceMerger Agreement, the Merger and the other transactions contemplated by the Merger Agreement, including the issuance of shares of Common Stock pursuant to the Merger Agreement (collectively, the “Transactions”), (B) in favor of the UMB FIBK Articles Amendment, (C) in favor of any proposal to adjourn or postpone such meeting of UMBFIBK’s shareholders to a later date if there are not sufficient votes to approve the UMB Share Issuance Merger Agreement, the Transactions or the UMB FIBK Articles Amendment, (D) against any Acquisition Proposal, and (E) against any action, proposal, transaction, agreement or amendment of the UMB FIBK Articles of Incorporation or UMB FIBK Bylaws, in each case of this clause (E), which would reasonably be expected to (1) result in a breach of any covenant, representation or warranty or any other obligation or agreement of UMB FIBK contained in the Merger Agreement, or of the a Shareholder contained in this Agreement Agreement, or (2) prevent, impede, delay, interfere with, postpone, discourage or frustrate the purposes of or adversely affect the consummation of the transactions contemplated by the Merger AgreementTransactions, including the MergersMerger. The Each Shareholder agrees to exercise all voting or other determination rights the such Shareholder has in any trust or other legal entity to carry out the intent and purposes of the such Shareholder’s obligations in this paragraph and otherwise set forth in this Agreement. The Each Shareholder represents, covenants and agrees that, except for this Agreement, the such Shareholder (x) has not entered into, and shall not enter into during the Support Period, any support or voting agreement or voting trust or similar agreement with respect to the Shares that would be inconsistent with the such Shareholder’s obligations under this Agreement and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of attorney with respect to the Shares except any proxy to carry out the intent of and the Shareholder’s obligations under this Agreement and any revocable proxy granted to officers or directors of UMB FIBK at the request of the UMB FIBK Board of Directors in connection with election of directors or other routine matters at any annual or special meeting of the UMB FIBK shareholders. The Each Shareholder represents, covenants and agrees that he it has not entered into and will not enter into any agreement or commitment with any person the effect of which would be inconsistent with or otherwise violate any of the provisions and agreements set forth herein; provided that nothing in this sentence will prohibit any Permitted Transfer. With respect to any shares of Common Stock over which the Shareholder has shared voting power, the Shareholder shall exercise his individual voting power over such shares, to the extent within his control, in a manner consistent with the Shareholder’s voting obligations under this Agreement with respect to the Shares, it being understood that the Shareholder shall not have the power to cause other persons to exercise their voting power accordingly.

Appears in 3 contracts

Samples: Support Agreement (Great Western Bancorp, Inc.), Support Agreement (First Interstate Bancsystem Inc), Support Agreement (First Interstate Bancsystem Inc)

Support Agreement. From the date hereof until the earlier of (a) the Closing or (b) the termination of the Merger Agreement in accordance with its terms (the “Support Period”), the each Shareholder irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each postponement, recess, adjournment or continuation thereof) of UMBSouthState’s shareholders, however called, and in connection with any written consent of UMBSouthState’s shareholders, the each Shareholder shall (i) appear at such meeting or otherwise cause all of the such Shareholder’s Existing Shares and all other shares of Common Stock or voting securities over which the such Shareholder has acquired, after the date hereof, beneficial or record ownership and the sole power to vote or direct the voting thereof (including any such shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any stock options to acquire Common Stock or the conversion of any convertible securities, or pursuant to any other equity awards or derivative securities (including any UMB SouthState Equity Awards) or otherwise) (together with the Existing Shares, the “Shares”), as of the applicable record date, to be counted as present thereat for purposes of calculating a quorum, and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all such Shares (A) in favor of the approval of the UMB Merger Agreement, the Merger, the SouthState Share IssuanceIssuance and the other transactions contemplated by the Merger Agreement (collectively, the “Transactions”), (B) in favor of the UMB Articles Amendment, (C) in favor of any proposal to adjourn or postpone such meeting of UMBSouthState’s shareholders to a later date if there are not sufficient votes to approve the UMB Share Issuance Merger Agreement or the UMB Articles AmendmentTransactions, (DC) against any Acquisition Proposal, and (ED) against any action, proposal, transaction, agreement or amendment of the UMB SouthState Articles of Incorporation or UMB SouthState Bylaws, in each case of this clause (ED), which would reasonably be expected to (1) result in a breach of any covenant, representation or warranty or any other obligation or agreement of UMB SouthState contained in the Merger Agreement, or of the a Shareholder contained in this Agreement Agreement, or (2) prevent, impede, delay, interfere with, postpone, discourage or frustrate the purposes of or adversely affect the consummation of the transactions contemplated by the Merger AgreementTransactions, including the MergersMerger and the SouthState Share Issuance. The Each Shareholder agrees to exercise all voting or other determination rights the such Shareholder has in any trust or other legal entity to carry out the intent and purposes of the such Shareholder’s obligations in this paragraph and otherwise set forth in this Agreement. The Each Shareholder represents, covenants and agrees that, except for this Agreement, the such Shareholder (x) has not entered into, and shall not enter into during the Support Period, any support or voting agreement or voting trust or similar agreement with respect to the Shares that would be inconsistent with the such Shareholder’s obligations under this Agreement and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of attorney with respect to the Shares except any proxy to carry out the intent of and the Shareholder’s obligations under this Agreement and any revocable proxy granted to officers or directors of UMB SouthState at the request of the UMB Board of Directors of SouthState in connection with election of directors or other routine matters at any annual or special meeting of the UMB SouthState shareholders. The Each Shareholder represents, covenants and agrees that he he, she or it has not entered into and will not enter into any agreement or commitment with any person the effect of which would be inconsistent with or otherwise violate any of the provisions and agreements set forth herein; provided that nothing in this sentence will prohibit any Permitted Transfer. With respect to any shares of Common Stock over which the Shareholder has shared voting power, the Shareholder shall exercise his individual voting power over such shares, to the extent within his control, in a manner consistent with the Shareholder’s voting obligations under this Agreement with respect to the Shares, it being understood that the Shareholder shall not have the power to cause other persons to exercise their voting power accordingly.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SouthState Corp), Agreement and Plan of Merger (SouthState Corp)

Support Agreement. From the date hereof until the earlier of (a) the Closing or (b) the termination of the Merger Agreement in accordance with its terms (the “Support Period”), the each Shareholder irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each postponement, recess, adjournment or continuation thereof) of UMBSouthState’s shareholders, however called, and in connection with any written consent of UMBSouthState’s shareholders, the each Shareholder shall (i) appear at such meeting or otherwise cause all of the such Shareholder’s Existing Shares and all other shares of Common Stock or voting securities over which the such Shareholder has acquired, after the date hereof, beneficial or record ownership and the sole power to vote or direct the voting thereof (including any such shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any stock options to acquire Common Stock or the conversion of any convertible securities, or pursuant to any other equity awards or derivative securities (including any UMB SouthState Equity Awards) or otherwise) (together with the Existing Shares, the “Shares”), as of the applicable record date, to be counted as present thereat for purposes of calculating a quorum, and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all such Shares (A) in favor of the approval of the UMB Merger Agreement, the Merger, the SouthState Share IssuanceIssuance and the other transactions contemplated by the Merger Agreement (collectively, the “Transactions”), (B) in favor of the UMB Articles Amendment, (C) in favor of any proposal to adjourn or postpone such meeting of UMBSouthState’s shareholders to a later date if there are not sufficient votes to approve the UMB Share Issuance Merger Agreement or the UMB Articles AmendmentTransactions, (DC) against any Acquisition Proposal, and (ED) against any action, proposal, transaction, agreement or amendment of the UMB SouthState Articles of Incorporation or UMB SouthState Bylaws, in each case of this clause (ED), which would reasonably be expected to (1) result in a breach of any covenant, representation or warranty or any other obligation or agreement of UMB SouthState contained in the Merger Agreement, or of the a Shareholder contained in this Agreement Agreement, or (2) prevent, impede, delay, interfere with, postpone, discourage or frustrate the purposes of or adversely affect the consummation of the transactions contemplated by the Merger AgreementTransactions, including the MergersMerger and the SouthState Share Issuance. The Each Shareholder agrees to exercise all voting or other determination rights the such Shareholder has in any trust or other legal entity to carry out the intent and purposes of the such Shareholder’s obligations in this paragraph and otherwise set forth in this Agreement. The Each Shareholder represents, covenants and agrees that, except for this Agreement, the such Shareholder (x) has not entered into, and shall not enter into during the Support Period, any support or voting agreement or voting trust or similar agreement with respect to the Shares that would be inconsistent with the such Shareholder’s obligations under this Agreement and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of attorney with respect to the Shares except any proxy to carry out the intent of and the Shareholder’s obligations under this Agreement and any revocable proxy granted to officers or directors of UMB SouthState at the request of the UMB Board of Directors of SouthState in connection with election of directors or other routine matters at any annual or special meeting of the UMB SouthState shareholders. The Each Shareholder represents, covenants and agrees that he he, she or it has not entered into and will not enter into any agreement or commitment with any person the effect of which would be inconsistent with or otherwise violate any of the provisions and agreements set forth herein; provided that nothing in this sentence will prohibit any Permitted Transfer. With respect to any shares of Common Stock over which the Shareholder has shared voting power, the Shareholder shall exercise his individual voting power over such shares, to the extent within his control, in a manner consistent with the Shareholder’s voting obligations under this Agreement with respect to the Shares, it being understood that the Shareholder shall not have the power to cause other persons to exercise their voting power accordingly.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Independent Bank Group, Inc.), Support Agreement (Independent Bank Group, Inc.)

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Support Agreement. From the date hereof until the earlier of (a) the Closing or (b) the termination of the Merger Agreement in accordance with its terms (the “Support Period”), the Shareholder irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each postponement, recess, adjournment or continuation thereof) of UMBIBTX’s shareholders, however called, and in connection with any written consent of UMBIBTX’s shareholders, the Shareholder shall (i) appear at such meeting or otherwise cause all of the such Shareholder’s Existing Shares and all other shares of Common Stock or voting securities over which the such Shareholder has acquired, after the date hereof, beneficial or record ownership and the sole power to vote or direct the voting thereof (including any such shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any stock options to acquire Common Stock or the conversion of any convertible securities, or pursuant to any other equity awards or derivative securities (including any UMB IBTX Equity Awards) or otherwise) (together with the Existing Shares, the “Shares”), as of the applicable record date, to be counted as present thereat for purposes of calculating a quorum, and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all such Shares (A) in favor of the approval of the UMB Share IssuanceMerger Agreement, the Merger and the other transactions contemplated by the Merger Agreement, (collectively, the “Transactions”), (B) in favor of the UMB Articles Amendment, (C) in favor of any proposal to adjourn or postpone such meeting of UMBIBTX’s shareholders to a later date if there are not sufficient votes to approve the UMB Share Issuance Merger Agreement or the UMB Articles AmendmentTransactions, (DC) against any Acquisition Proposal, and (ED) against any action, proposal, transaction, agreement or amendment of the UMB Articles of Incorporation IBTX Certificate or UMB IBTX Bylaws, in each case of this clause (ED), which would reasonably be expected to (1) result in a breach of any covenant, representation or warranty or any other obligation or agreement of UMB IBTX contained in the Merger Agreement, or of the Shareholder contained in this Agreement Agreement, or (2) prevent, impede, delay, interfere with, postpone, discourage or frustrate the purposes of or adversely affect the consummation of the transactions contemplated by the Merger AgreementTransactions, including the MergersMerger. The Shareholder agrees to exercise all voting or other determination rights the such Shareholder has in any trust or other legal entity to carry out the intent and purposes of the such Shareholder’s obligations in this paragraph and otherwise set forth in this Agreement. The Shareholder represents, covenants and agrees that, except for this Agreement, the such Shareholder (x) has not entered into, and shall not enter into during the Support Period, any support or voting agreement or voting trust or similar agreement with respect to the Shares that would be inconsistent with the such Shareholder’s obligations under this Agreement and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of attorney with respect to the Shares except any proxy to carry out the intent of and the Shareholder’s obligations under this Agreement and any revocable proxy granted to officers or directors of UMB IBTX at the request of the UMB Board of Directors of IBTX in connection with election of directors or other routine matters at any annual or special meeting of the UMB IBTX shareholders. The Shareholder represents, covenants and agrees that he he, she or it has not entered into and will not enter into any agreement or commitment with any person the effect of which would be inconsistent with or otherwise ​ ​ violate any of the provisions and agreements set forth herein; provided that nothing in this sentence will prohibit any Permitted Transfer. With respect to any shares of Common Stock over which the Shareholder has shared voting power, the Shareholder shall exercise his individual voting power over such shares, to the extent within his control, in a manner consistent with the Shareholder’s voting obligations under this Agreement with respect to the Shares, it being understood that the Shareholder shall not have the power to cause other persons to exercise their voting power accordingly.

Appears in 2 contracts

Samples: Support Agreement (SouthState Corp), Support Agreement (SouthState Corp)

Support Agreement. From the date hereof until the earlier of (a) the Closing or (b) the termination of the Merger Agreement in accordance with its terms (the “Support Period”), the Shareholder irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each postponement, recess, adjournment or continuation thereof) of UMBIBTX’s shareholders, however called, and in connection with any written consent of UMBIBTX’s shareholders, the Shareholder shall (i) appear at such meeting or otherwise cause all of the such Shareholder’s Existing Shares and all other shares of Common Stock or voting securities over which the such Shareholder has acquired, after the date hereof, beneficial or record ownership and the sole power to vote or direct the voting thereof (including any such shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any stock options to acquire Common Stock or the conversion of any convertible securities, or pursuant to any other equity awards or derivative securities (including any UMB IBTX Equity Awards) or otherwise) (together with the Existing Shares, the “Shares”), as of the applicable record date, to be counted as present thereat for purposes of calculating a quorum, and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all such Shares (A) in favor of the approval of the UMB Share IssuanceMerger Agreement, the Merger and the other transactions contemplated by the Merger Agreement, (collectively, the “Transactions”), (B) in favor of the UMB Articles Amendment, (C) in favor of any proposal to adjourn or postpone such meeting of UMBIBTX’s shareholders to a later date if there are not sufficient votes to approve the UMB Share Issuance Merger Agreement or the UMB Articles AmendmentTransactions, (DC) against any Acquisition Proposal, and (ED) against any action, proposal, transaction, agreement or amendment of the UMB Articles of Incorporation IBTX Certificate or UMB IBTX Bylaws, in each case of this clause (ED), which would reasonably be expected to (1) result in a breach of any covenant, representation or warranty or any other obligation or agreement of UMB IBTX contained in the Merger Agreement, or of the Shareholder contained in this Agreement Agreement, or (2) prevent, impede, delay, interfere with, postpone, discourage or frustrate the purposes of or adversely affect the consummation of the transactions contemplated by the Merger AgreementTransactions, including the MergersMerger. The Shareholder agrees to exercise all voting or other determination rights the such Shareholder has in any trust or other legal entity to carry out the intent and purposes of the such Shareholder’s obligations in this paragraph and otherwise set forth in this Agreement. The Shareholder represents, covenants and agrees that, except for this Agreement, the such Shareholder (x) has not entered into, and shall not enter into during the Support Period, any support or voting agreement or voting trust or similar agreement with respect to the Shares that would be inconsistent with the such Shareholder’s obligations under this Agreement and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of attorney with respect to the Shares except any proxy to carry out the intent of and the Shareholder’s obligations under this Agreement and any revocable proxy granted to officers or directors of UMB IBTX at the request of the UMB Board of Directors of IBTX in connection with election of directors or other routine matters at any annual or special meeting of the UMB IBTX shareholders. The Shareholder represents, covenants and agrees that he he, she or it has not entered into and will not enter into any agreement or commitment with any person the effect of which would be inconsistent with or otherwise violate any of the provisions and agreements set forth herein; provided that nothing in this sentence will prohibit any Permitted Transfer. With respect to any shares of Common Stock over which the Shareholder has shared voting power, the Shareholder shall exercise his individual voting power over such shares, to the extent within his control, in a manner consistent with the Shareholder’s voting obligations under this Agreement with respect to the Shares, it being understood that the Shareholder shall not have the power to cause other persons to exercise their voting power accordingly.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SouthState Corp), Agreement and Plan of Merger (SouthState Corp)

Support Agreement. From the date hereof until the earlier of (a) the Closing or (b) the termination of the Merger Agreement in accordance with its terms (the “Support Period”), the Shareholder irrevocably and unconditionally hereby agrees that at any meeting (whether annual or special and each postponement, recess, adjournment or continuation thereof) of UMBIBTX’s shareholders, however called, and in connection with any written consent of UMBIBTX’s shareholders, the Shareholder shall (i) appear at such meeting or otherwise cause all of the such Shareholder’s Existing Shares and all other shares of Common Stock or voting securities over which the such Shareholder has acquired, after the date hereof, beneficial or record ownership and the sole power to vote or direct the voting thereof (including any such shares of Common Stock acquired by means of purchase, dividend or distribution, or issued upon the exercise of any stock options to acquire Common Stock or the conversion of any convertible securities, or pursuant to any other equity awards or derivative securities (including any UMB IBTX Equity Awards) or otherwise) (together with the Existing Shares, the “Shares”), as of the applicable record date, to be counted as present thereat for purposes of calculating a quorum, and (ii) vote or cause to be voted (including by proxy or written consent, if applicable) all such Shares (A) in favor of the approval of the UMB Share IssuanceMerger Agreement, the Merger and the other transactions contemplated by the Merger Agreement, (collectively, the “Transactions”), (B) in favor of the UMB Articles Amendment, (C) in favor of any proposal to adjourn or postpone such meeting of UMBIBTX’s shareholders to a later date if there are not sufficient votes to approve the UMB Share Issuance Merger Agreement or the UMB Articles AmendmentTransactions, (DC) against any Acquisition Proposal, and (ED) against any action, proposal, transaction, agreement or amendment of the UMB Articles of Incorporation IBTX Certificate or UMB IBTX Bylaws, in each case of this clause (ED), which would reasonably be expected to (1) result in a breach of any covenant, representation or warranty or any other obligation or agreement of UMB IBTX contained in the Merger Agreement, or of the Shareholder contained in this Agreement Agreement, or (2) prevent, impede, delay, interfere with, postpone, discourage or frustrate the purposes of or adversely affect the consummation of the transactions contemplated by the Merger AgreementTransactions, including the MergersMerger. The Shareholder agrees to exercise all voting or other determination rights the such Shareholder has in any trust or other legal entity to carry out the intent and purposes of the such Shareholder’s obligations in this paragraph and otherwise set forth in this Agreement. The Shareholder represents, covenants and agrees that, except for this Agreement, the such Shareholder (x) has not entered into, and shall not enter into during the Support Period, any support or voting agreement or voting trust or similar agreement with respect to the Shares that would be inconsistent with the such Shareholder’s obligations under this Agreement and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of attorney with respect to the Shares except any proxy to carry out the intent of and the Shareholder’s obligations under this Agreement and any revocable proxy granted to officers or directors of UMB IBTX at the request of the UMB Board of Directors of IBTX in connection with election of directors or other routine matters at any annual or special meeting of the UMB IBTX shareholders. The Shareholder represents, covenants and agrees that he he, she or it has not entered into and will not enter into any agreement or commitment with any person the effect of which would be inconsistent with or otherwise violate any of the provisions and agreements set forth herein; provided that nothing in this sentence will prohibit any Permitted Transfer. With respect to any shares of Common Stock over which the Shareholder has shared voting power, the Shareholder shall exercise his individual voting power over such shares, to the extent within his control, in a manner consistent with the Shareholder’s voting obligations under this Agreement with respect to the Shares, it being understood that the Shareholder shall not have the power to cause other persons to exercise their voting power accordingly.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Group, Inc.)

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