Common use of Certain Other Actions Clause in Contracts

Certain Other Actions. In addition, for so long as this Agreement remains in effect, each Principal Shareholder shall (i) not take any action that has the purpose or effect of impeding, interfering with, delaying or postponing the transactions contemplated by the Stock Purchase Agreement or the Reorganization Plan. or creating any legal or other impediment thereto, (ii) waive any rights to approve or disapprove of the Stock Purchase Agreement or the Reorganization Plan or the transactions contemplated thereby (other than by voting the Shares in accordance with the provisions of this Agreement) that such Principal Shareholder may have under the articles of incorporation of the Company, as amended (the "Articles of Incorporation"), the bylaws of the Company, as amended (the "Bylaws"), any agreement among the shareholders of the Company (a "Shareholder Agreement") or the Texas Business Corporation Act, (iii) authorize any amendments to the Articles of Incorporation, the Bylaws or any Shareholder Agreement to which it is a party that are proposed by the Purchaser in order to facilitate the consummation of the transactions contemplated by the Stock Purchase Agreement or the Reorganization Plan, (iv) waive any dissenters' rights or appraisal rights that may apply under the Articles of Incorporation, the Bylaws or the Texas Business Corporation Act as a result of or in connection with the transactions contemplated by the Stock Purchase Agreement or the Reorganization Plan and (v) execute and deliver such documents and instruments as may be reasonably requested by the Purchaser in order to permit or facilitate the effectiveness of the transactions contemplated by the Stock Purchase Agreement or the Reorganization Plan.

Appears in 2 contracts

Sources: Voting Agreement (Centex Corp), Voting Agreement (Nab Asset Corp)