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

Prohibition on Transfers, Other Actions. Until the Expiration Time, each Stockholder (severally and not jointly) agrees that it shall not (a) Transfer or permit the Transfer of any of such Stockholder’s Covered Shares, Beneficial Ownership thereof or any other interest therein unless such Transfer is a Permitted Transfer, (b) enter into any agreement, arrangement or understanding with any Person, or 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, such Stockholder’s representations, warranties, covenants and obligations under this Agreement or (c) take any action that could restrict or otherwise affect such 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 ab initio. Until the Expiration Time, each Stockholder (severally and not jointly) (i) shall not request that Parent or its transfer agent register the transfer (book-entry or otherwise) of any of such Stockholder’s Covered Shares or any certificate in respect thereof and (ii) hereby consents to the entry of stop transfer instructions by Parent of any transfer of such Stockholder’s Covered Shares, unless, in each case, such transfer is a Permitted Transfer.

Appears in 3 contracts

Samples: Voting and Support Agreement, Voting and Support Agreement (Transportation Systems Holdings Inc.), Voting and Support Agreement (Westinghouse Air Brake Technologies Corp)

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Prohibition on Transfers, Other Actions. Until the Expiration Time, each Stockholder (severally and not jointly) agrees that it shall not (a) Until the earlier of the receipt of the Target Stockholder Approval or the termination of this Agreement, the Stockholder hereby agrees not to (i) Transfer or permit the Transfer of any of such Stockholder’s the Covered Shares, Beneficial Ownership thereof or any other interest specifically therein unless such Transfer is a Permitted Transfer, ; (bii) enter into any agreement, arrangement or understanding Contract with any Person, or 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, such the Stockholder’s representations, warranties, covenants and obligations under this Agreement; or (iii) except as otherwise permitted by this Agreement or (c) by order of a court of competent jurisdiction, take any action that could restrict or otherwise affect such the Stockholder’s legal power, authority and right to vote all of the Covered Shares then Beneficially Owned by him, her or it, or otherwise comply with and perform his, her or its covenants and obligations under this Agreement. Any Transfer in violation of this provision shall be void ab initio. Until the Expiration Time, each Stockholder (severally and not jointly) (i) shall not request that Parent or its transfer agent register the transfer (book-entry or otherwise) of any of such Stockholder’s Covered Shares or any certificate in respect thereof and (ii) hereby consents to the entry of stop transfer instructions by Parent of any transfer of such Stockholder’s Covered Shares, unless, in each case, such transfer is a Permitted Transfervoid.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Delanco Bancorp, Inc.), Voting Agreement (Delanco Bancorp, Inc.), Voting Agreement (Delanco Bancorp, Inc.)

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Prohibition on Transfers, Other Actions. Until the Expiration Time, each Stockholder (severally and not jointly) agrees that it shall not (a) During the Support Period, the Stockholder hereby agrees not to (i) Transfer or permit the Transfer of any of such Stockholder’s the Covered Shares, Beneficial Ownership thereof or any other interest specifically therein unless such Transfer is a Permitted Transfer, ; (bii) enter into any agreement, arrangement or understanding Contract with any Person, or 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, such the Stockholder’s representations, warranties, covenants and obligations under this Agreement; (iii) except as otherwise permitted by this Agreement or (c) by Order, take any action that could restrict or otherwise affect such the Stockholder’s legal power, authority and right to vote all of the Covered Shares then Beneficially Owned by him or her, or otherwise comply with and perform its his or her covenants and obligations under this Agreement; or (iv) publicly announce any intention to do any of the foregoing. Any Transfer in violation of this provision shall be void ab initiovoid. Until Following the Expiration Timedate hereof, each Stockholder (severally and not jointly) (i) FSB shall not request that Parent or notify its transfer agent register that there is a stop transfer order with respect to all of the transfer (book-entry or otherwise) of any of such Stockholder’s Covered Shares or any certificate in respect thereof and (ii) hereby consents to that this Agreement places limits on the entry voting of stop transfer instructions by Parent of any transfer of such Stockholder’s the Covered Shares, unless, in each case, such transfer is a Permitted Transfer.

Appears in 1 contract

Samples: Voting Agreement (Evans Bancorp Inc)

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