Common use of Restrictions on Dispositions Clause in Contracts

Restrictions on Dispositions. Shareholder agrees that, from and after the date of this Agreement and during the term of this Agreement, he or she will not take any action that will adversely affect his or her ability to comply with the obligations imposed by this Agreement to vote the Shares, except (i) with the prior written consent of CVCB or (ii) to change such right from that of a shared right of Shareholder to vote the Shares to a sole right of Shareholder to vote the Shares. Without limiting the generality of the foregoing, Shareholder shall take no actions that will reduce the number of Shares held by Shareholder as of the date hereof.

Appears in 4 contracts

Samples: Shareholder’s Agreement (Service 1st Bancorp), Shareholder’s Agreement (Central Valley Community Bancorp), Shareholder’s Agreement (Central Valley Community Bancorp)

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