Common use of Basic Commitments Clause in Contracts

Basic Commitments. Unless specifically authorized in advance in writing by the Board, neither WMX nor any of its affiliates shall directly or indirectly: (a) attempt or carry out any Takeover; (b) propose to ServiceMaster or any other Person any transaction between WMX and ServiceMaster, any of its affiliates and/or its security holders or involving any of its securities or security holders which would constitute a Takeover or which (based on information known to WMX) it is reasonably possible could lead to a Takeover, (c) endorse or propose that ServiceMaster accept any proposal from any other person which would result in a Takeover or which (based on information known to WMX) it is reasonably possible could lead to a Takeover, or (d) enter into any discussions, negotiations, arrangements or understandings with or advise, assist, encourage, act in concert with, or otherwise support in any manner any other Person in connection with any activities which it is reasonably possible could lead to a Takeover except that this clause (d) shall not be deemed to prohibit any sale of WMX shares otherwise permitted by this Agreement.