Common use of Covenants of Shareholders Clause in Contracts

Covenants of Shareholders. Each Shareholder agrees not to: except to the extent contained in this Agreement, grant any proxies, deposit any FNB Common Shares into a voting trust or enter into a voting agreement with respect to any FNB Common Shares; or without the prior written approval of BMO, solicit, initiate or encourage any inquiries or proposals for a merger or other business combination involving FNB.