Common use of Confirmation of Intent Clause in Contracts

Confirmation of Intent. Water Street will confirm to the Company in writing immediately prior to the Company's acceptance for payment of Shares in the Offer that it does not at that time have a current intention to sell, transfer, assign, pledge, distribute or otherwise dispose of any of the Shares beneficially owned by it on the date hereof (except for the Initial Shares), other than pursuant to the Offer.