Common use of Intent to Transfer Clause in Contracts

Intent to Transfer. (i) The undersigned is not a party or subject to or bound by any contract, undertaking, agreement or arrangement with any person to sell, transfer or pledge the, Purchased Securities, the Securities or any part thereof to any person, and has no present intention to enter into such a contract, undertaking, agreement or arrangement; and (ii) The undersigned will not be a party or subject to or bound by any contract, undertaking, agreement or arrangement with any person to sell, transfer or pledge the Purchased Securities, Securities or any party thereof to any person, and has no present intention to enter into such a contract, undertaking, agreement or arrangement;