Common use of Restrictions on Transfers Clause in Contracts

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below), the Rollover Shareholder shall not directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.

Appears in 10 contracts

Sources: Rollover and Contribution Agreement (LAIX Inc.), Rollover and Contribution Agreement (LAIX Inc.), Rollover and Contribution Agreement (LAIX Inc.)

Restrictions on Transfers. Except as provided for in Article III II or pursuant to the Merger Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the such Rollover Shareholder shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which hasSecurities, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the such Rollover Shareholder from performing any of his or its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerTransactions or the transactions contemplated by this Agreement or the performance by the Company of its obligations under the Merger Agreement or by any Rollover Shareholder from performing any of his or its obligations under this Agreement, or or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d); provided that the foregoing shall not prevent the conversion of Company Options into the right to receive the Per Share Merger Consideration in accordance with the terms of, and to the extent provided in, the Merger Agreement. Any purported Transfer in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 9 contracts

Sources: Contribution and Support Agreement (Taylor Andrew C), Contribution and Support Agreement (Ctrip Investment Holding Ltd.), Contribution and Support Agreement (Zhang Ray Ruiping)

Restrictions on Transfers. Except as provided for Any transfer of this Warrant or the Shares (the “Securities”) must be in Article III or pursuant compliance with all applicable federal and state securities laws. The Holder agrees not to the Merger Agreement, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below), the Rollover Shareholder shall not directly or indirectly: (a) offer for make any sale, sell (constructively or otherwise)assignment, transfer, assign, tender in pledge or other disposition of all or any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose portion of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarilythe Securities, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any beneficial interest therein, or with respect unless and until the transferee thereof has agreed in writing for the benefit of the Company to any limitation on voting right of any Securitiestake and hold such Securities subject to, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect and to any such transaction) or combination of any such transactions, in each case involving any Securities and which has, or would reasonably be expected to havebound by, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder terms and conditions set forth in this Agreement untrue or incorrect or have Warrant to the same extent as if the transferee were the original Holder hereunder, and (i) there is then in effect of preventing, disabling, or delaying a registration statement under the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerSecurities Act covering such proposed disposition and such disposition is made in accordance with such registration statement, or (eii) agree (whether A) such Holder shall have given prior written notice to the Company of such Holder’s intention to make such disposition and shall have furnished the Company with a reasonable detailed description of the manner and circumstances of the proposed disposition, (B) the transferee shall have made the representations set forth in Section 10 with respect to itself as a Holder and (C) if requested by the Company, such Holder shall have furnished the Company, at the Holder’s expense, with (i) evidence reasonably satisfactory to the Company that such disposition will not require registration of such Securities under the Securities Act or (ii) a legal opinion to the effect that the transfer of such Securities may be effected in compliance with the terms of the Securities Act. Notwithstanding the foregoing, compliance with clauses (B) and (C) above shall not be required for any transfer in writingcompliance with Rule 144 or compliance with clause (C) above shall not be required for any transfer by the Holder to take any affiliate of the Holder (or any fund or partnership under common control with one of more general partners or managing members of, or shares the same management company with, the Holder) or a transfer by the Holder to any of the actions referred to in Holder’s partners, members or other equity owners, or retired partners, members or other equity owners or the foregoing clauses (a)estate of any partners, (b)members or other equity owners or retired partners, (c) members or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectother equity owners.

Appears in 7 contracts

Sources: Warrant Agreement (T2 Biosystems, Inc.), Warrant Agreement (T2 Biosystems, Inc.), Warrant Agreement (T2 Biosystems, Inc.)

Restrictions on Transfers. Except as provided for in Article III or below, pursuant to the Merger AgreementAgreement or as contemplated under Section 2.5 below, the each Rollover Shareholder Securityholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, without the prior approval of all other Rollover Shareholder Securityholders and Parent, such Rollover Securityholder shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (i) has, or would reasonably be expected to have, the effect of reducing or limiting the such Rollover ShareholderSecurityholder’s economic interest and/or voting power in such Securities and/or (ii) grants a third party the right to vote or affecting direct the ownership voting of Securities; such Securities (any such transaction, a “Derivative Transaction”), (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder Securityholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the such Rollover Shareholder Securityholder from performing any of its its/his obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by any Rollover Securityholder from performing any of his or its/his obligations under this Agreement, or or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d); provided that the foregoing shall not prevent the conversion of the Securities into the right to receive any merger consideration in accordance with the terms of the Merger Agreement. Any purported Transfer in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 4 contracts

Sources: Support Agreement (Bona Film Group LTD), Support Agreement (Sequoia Capital China I Lp), Support Agreement (Yu Dong)

Restrictions on Transfers. Except as provided for in Article III II below or pursuant to the Merger Agreement, the Rollover Agreement each Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover such Shareholder shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (x) has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover such Shareholder’s economic interest and/or voting power in such Securities and/or (y) grants a third party the right to vote or affecting direct the ownership voting of such Securities; , (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchangeexchange of, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover such Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover such Shareholder from performing any of its obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.

Appears in 2 contracts

Sources: Consortium Agreement (Yili Shengda Investment Holdings (Hong Kong) Co LTD), Support Agreement (Yili Shengda Investment Holdings (Hong Kong) Co LTD)

Restrictions on Transfers. Except Unless the Company Board (at the direction of the Special Committee) or the Special Committee has made a Change in the Company Recommendation, and except as provided for in Article III below or pursuant to the Merger Agreement, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)termination of this Agreement, the Rollover Shareholder it shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has(any such transaction, or would reasonably be expected to havea “Derivative Transaction”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder it from performing any of its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by the Rollover Shareholder of its obligations under this Agreement, or or (ed) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (dc). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 paragraph shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 2 contracts

Sources: Support Agreement (Quiet Well LTD), Support Agreement (Quiet Well LTD)

Restrictions on Transfers. Except Purchaser agrees that, prior to the first anniversary of the Closing (as defined in the Stock Purchase Agreement), it will not, directly or indirectly, sell, transfer or otherwise dispose of any interest in the Shares, provided that Purchaser may transfer Shares (i) to any affiliate (as defined in Rule 144 of the Securities Act of 1933, as amended (the "Securities Act")) of Purchaser that enters into a standstill agreement with the Company containing terms and conditions substantially equivalent to those in this Agreement, or (ii) pursuant to any tender offer or exchange offer which is recommended by the Board of Directors of the Company. After the first anniversary of the Closing and for the remaining term of this Agreement, Purchaser may sell, transfer or otherwise dispose of any interest in Article III the Shares, provided that (x) such sale, unless it is made in a registered public offering or pursuant to a tender or exchange offer to the Merger AgreementCompany's stockholders, is not knowingly made to any person or "group" (within the Rollover Shareholder hereby agrees thatmeaning of Section 13(d)(3) of the Securities Exchange Act of 1934, from as amended (the date hereof until "1934 Act")) acquiring all of Purchaser's Shares in the Expiration Time acquisition or that would, after giving effect to its acquisition of such Shares, beneficially own or have the right to acquire more than 4.9% of the Voting Securities (as defined below)) then outstanding, unless such person or group has entered into a standstill agreement with the Rollover Shareholder shall not directly or indirectly: Company containing terms and conditions substantially equivalent to those in this Agreement (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect it being understood that Purchaser has no duty to inquire as to the Transfer beneficial ownership of any Securities such person or any interest therein, or with respect to any limitation group when Purchaser sells the Shares in a transaction on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction the New York Stock Exchange or any other similar transaction exchange on which the Shares are listed at the time), and (including y) (i) such sale is pursuant to an effective registration statement under the Securities Act, (ii) such sale is made after the termination of sale restrictions pursuant to Rule 144 of the Securities Act or any option with respect successor to any such transactionrule or (iii) or combination Purchaser shall have delivered to the Company an opinion of any such transactionscounsel, in each case involving any Securities which opinion and which hascounsel shall be reasonably satisfactory to the Company, or would reasonably be expected to have, the effect that such sale is exempt from the provisions of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty Section 5 of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectSecurities Act.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Metlife Inc), Standstill Agreement (Metlife Inc)

Restrictions on Transfers. Except (i) as provided for in Article III or II below, (ii) pursuant to the Merger AgreementAgreement or (iii) any pledge or encumbrance pursuant to the Existing Pledge Documents and the refinancing of the related indebtedness (the “Permitted Pledge”), the Rollover each Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover such Shareholder shall not, and shall cause its Affiliates not to, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise)sell, transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, ) or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (x) has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover such Shareholder’s economic interest and/or voting power in such Securities and/or (y) grants a third party the right to vote or affecting direct the ownership voting of such Securities; , (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover such Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover such Shareholder from performing any of its obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d); provided that the foregoing shall not prevent the exercise of Company Options. Any purported Transfer Notwithstanding anything to the contrary set forth in violation this Agreement, each of this Section 2.1 ▇▇. ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ (“Founder”), ShanghaiMed Inc., Time Intelligent Finance Limited shall, and shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited cause their respective Affiliates to, voting its Ordinary Shares in procuring that procure (i) the Company take actionrelevant pledgor’s compliance with the terms and conditions of the Permitted Pledge, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.and (ii)

Appears in 2 contracts

Sources: Support Agreement (Top Fortune Win Ltd.), Support Agreement (Zhang Lee Ligang)

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the Rollover Shareholder Each Unitholder hereby agrees that, from the date hereof until the earlier of (x) the Expiration Time Date and (as defined below)y) the date on which the Approval is obtained, the Rollover Shareholder it shall not not, directly or indirectly: , without the prior written consent of Parent, (a) offer for sale, sell (constructively or otherwise)sell, transfer, assign, lease, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, by testamentary disposition, by operation of Law law or otherwise) (collectively, a “Transfer”), either voluntarily or involuntarily, or to enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”)contract, option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any its Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy proxy, consent or power of attorney with respect thereto to its Securities that is inconsistent with this Agreement; Agreement or (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses clause (a), ) or (b); provided, however, such Unitholder shall have the right (I) to Transfer all or any portion of its Securities to a Permitted Transferee if and only if such Permitted Transferee shall have agreed in writing, in a manner reasonably acceptable to Parent, (ci) to accept such Securities subject to the terms and conditions of this Agreement and (ii) to be bound by this Agreement and to agree and acknowledge that such Person shall constitute the transferor Unitholder for all purposes of this Agreement, (II) in the case of the Trust Unitholder (as defined on Exhibit A hereto) to pledge all or any portion of its Securities to a commercial banking institution of national standing (the “Pledgee”) to secure a loan to satisfy any estate tax of the Trust Unitholder that would become due prior to the termination of this Agreement, provided (i) the terms of any such pledge provide that, in the absence of any default by the Trust Unitholder of the related loan, the Trust Unitholder retains voting control of any pledged Securities such that the Trust Unitholder can satisfy its obligations under this Agreement and (ii) in the event of a default by the Trust Unitholder of the related loan, or under any other circumstance in which the Pledgee may gain voting control of the pledged Securities, such pledge provides, in a manner reasonably acceptable to Parent, that the Pledgee will accept the applicable Securities subject to the terms and conditions of this Agreement and agree to be bound by this Agreement and constitute the Trust Unitholder for all purposes of this Agreement, or (dIII) in the case of the Individual Unitholder, to Transfer up to 600 Partnership Units pursuant to an existing Rule 10b5-1 trading plan; provided that the Individual Unitholder use reasonable best efforts to terminate such trading plan as promptly as practicable following the date of this Agreement. For purposes of this Agreement, the term “Permitted Transferee” means, with respect to any Unitholder, (A) a spouse, lineal descendant or antecedent, brother or sister, adopted child or grandchild or the spouse of any child, adopted child, grandchild or adopted grandchild of such Unitholder, (B) any trust, the beneficiaries of which include only such Unitholder or the Persons named in clause (A), or (C) any charitable organization. Any purported Transfer or attempted Transfer of any Securities in violation of this Section 2.1 shall 1.3 shall, to the fullest extent permitted by applicable Law, be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectab initio.

Appears in 2 contracts

Sources: Voting and Support Agreement (Rayonier Inc), Voting and Support Agreement (Pope Resources LTD Partnership)

Restrictions on Transfers. Except as provided for in Article III II below or pursuant to the Merger Agreement, each of the Rollover Shareholder Supporting Shareholders and the Beneficial Owners hereby agrees that, from the date hereof until the Expiration Time Time, such person shall not, and shall cause its or his Affiliates (as defined below)in the Interim Investors Agreement) not to, the Rollover Shareholder shall not directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any of its or his Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any of its or his Securities and which (x) has, or would could reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholdersuch person’s economic interest and/or voting power in such Securities and/or (y) with respect to its or affecting his Securities, grants a third party the ownership right to vote or direct the voting of such Securities; (b) deposit any of its or his Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchangeexchange of, any of any its or his Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder such person set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder such persons from performing any of its or his obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, Agreement; or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation ; provided, that neither this Section 1.2 nor any other provision of this Agreement shall prevent or restrict (i) the conversion of Company RSUs into Shares, or (ii) the cancellation of each Founder Proxy Share in exchange for the Per Share Merger Consideration as contemplated by Section 2.1 shall be null and void and 2.01 of the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectMerger Agreement.

Appears in 2 contracts

Sources: Support Agreement (General Atlantic LLC), Support Agreement (Yao Jinbo)

Restrictions on Transfers. Except as provided for in Article III the Rollover Agreements or pursuant to the Merger Agreement, the Rollover each Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover such Shareholder shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (x) has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover such Shareholder’s economic interest and/or voting power in such Securities and/or (y) grants a third party the right to vote or affecting direct the ownership voting of Securities; such Securities (any such transaction, a “Derivative Transaction”), (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover such Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover such Shareholder from performing any of his, her, or its obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d). Any purported Transfer Notwithstanding the foregoing, Fosun International Limited (“Fosun”), one of the Shareholders hereunder, may enter into certain Custodial Arrangements (as such term is defined in violation of this Section 2.1 shall be null the Fosun Rollover Agreement) with respect to its Securities, in accordance with the terms and void and conditions under the Fosun Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectAgreement.

Appears in 2 contracts

Sources: Voting Agreement (Fosun International LTD), Voting Agreement (Focus Media Holding LTD)

Restrictions on Transfers. Except as provided for in Article III II below or pursuant to the Merger Interim Investors Agreement, each of the Rollover Shareholder Supporting Shareholders and the Beneficial Owners hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover Shareholder such person shall not, and shall cause its or his Affiliates not to, directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, charge, mortgage, grant, encumber, hypothecate or similarly assign or dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any of its or his Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any of its or his Securities and which (x) has, or would could reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholdersuch person’s economic interest and/or voting power in such Securities and/or (y) with respect to its or affecting his Securities, grants a third party the ownership right to vote or direct the voting of such Securities; provided, that a Supporting Shareholder or any of its Affiliates may settle or unwind any swap transaction disclosed by such Supporting Shareholder in a Schedule 13D filed with the SEC, as amended as of the date hereof; provided, further, that (i) each Sponsor may Transfer its Securities to an Affiliate provided such Affiliate agrees in writing to be bound by the terms of this Agreement as a Supporting Shareholder and (ii) each Founder may Transfer his Securities to his respective Permitted Transferees (as defined in the shareholders’ agreement term sheet attached as Exhibit C to the Interim Investors Agreement) provided any such Permitted Transferees agree in writing to be bound by the terms of this Agreement as a Supporting Shareholder; (b) deposit any of its or his Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchangeexchange of, any of any its or his Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder such person set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder such persons from performing any of its or his obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, Agreement; or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation ; provided, that neither this Section 1.2 nor any other provision of this Section 2.1 Agreement shall be null and void and prevent or restrict the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary issuance of Shares in procuring that connection with the settlement of Company take action, where necessary) RSUs in order to ensure that accordance with the terms and conditions of such Company RSUs or the exercise of any Company Options in accordance with the terms and conditions of such purported Transfer in violation of this Section 2.1 does not take effectCompany Options.

Appears in 2 contracts

Sources: Rollover and Support Agreement (General Atlantic, L.P.), Rollover and Support Agreement (Dragoneer Investment Group, LLC)

Restrictions on Transfers. Except as provided for in Article III II or pursuant to the Merger Agreement, the Rollover Continuing Shareholder hereby agrees that, from the date hereof until the Expiration Time Time, the Continuing Shareholder shall not, and shall cause its Affiliates (as defined below)in the Interim Investors Agreement) not to, the Rollover Shareholder shall not directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any of the Continuing Shareholder’s Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any of its Securities and which (i) has, or would could reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s its economic interest and/or voting power in such Securities and/or (ii) with respect to its Securities, grants a third party the right to vote or affecting direct the ownership voting of such Securities; (b) deposit any of the Continuing Shareholder’s Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchangeexchange of, any of any the Continuing Shareholder’s Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Continuing Shareholder set forth in this Agreement to be made as of a date following the date hereof untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Continuing Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, Agreement; or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d); provided, that, for the avoidance of doubt, neither this Section 1.2 nor any other provision of this Agreement shall prevent or restrict (i) the withdrawal of any Continuing Shares represented by ADSs as contemplated by Section 2.1(a), (ii) after the Effective Time, the Subsequent Recruit Share Repurchase (as defined below) as contemplated by Section 2.2, (iii) after the Effective Time, the Subsequent CB Subscription (as defined below) as contemplated by Section 2.3 or (iv) after the Effective Time, the Subsequent Share Sale (as defined below) and the Subsequent Founder Share Repurchase (as defined below) as contemplated by Section 2.4. Any purported Transfer in violation of this Section 2.1 1.2 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 2 contracts

Sources: Support Agreement (Yan Rick), Support Agreement (Recruit Holdings Co., Ltd.)

Restrictions on Transfers. Except as provided for in Article III below or pursuant to the Merger Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)termination of this Agreement, the Rollover Shareholder it shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or otherwise similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has(any such transaction, or would reasonably be expected to havea “Derivative Transaction”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, preventing or delaying the Rollover Shareholder it from performing any of its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by such Rollover Shareholder of its obligations under this Agreement, or (d) exercise, convert or exchange, or take any action that would result in the exercise, conversion or exchange, of any Securities, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or through (d). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 2 contracts

Sources: Rollover and Support Agreement (Tarena International, Inc.), Rollover and Support Agreement (Chao Charles Guowei)

Restrictions on Transfers. Except as provided for in Article III below or pursuant to the Merger Amalgamation Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the such Rollover Shareholder shall not, and shall cause its Affiliates not to, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by mergeramalgamation, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer“ Transfer ”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has(any such transaction, or would reasonably be expected to havea “ Derivative Transaction ”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the such Rollover Shareholder from performing any of his or its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerTransactions or this Agreement or the performance by the Company of its obligations under the Amalgamation Agreement or by any Rollover Shareholder from performing any of his or its obligations under this Agreement, or or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d); provided that the foregoing shall not prevent the conversion of Company Options into the right to receive payment in accordance with the terms of, and to the extent provided in, the Amalgamation Agreement. Any purported Transfer in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Each of Parent and Merger Agreement, the Rollover Shareholder Sub hereby agrees that, from the date hereof until the Expiration Effective Time (as defined below)or the termination of this Agreement pursuant to Article VIII, except to the Rollover Shareholder extent previously approved by the Special Committee in writing, it shall not, and shall cause each of its Affiliates not to, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or otherwise similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities Shares or ADS, or any interest therein, or with respect to any limitation on voting right of any SecuritiesShares, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which hasShares or ADS (any such transaction, or would reasonably be expected to havea “Derivative Transaction”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities Shares (including Shares represented by ADSs) into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder Parent or Merger Sub set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, preventing or delaying the Rollover Shareholder it from performing any of its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other Transactions or the performance by the Company of its obligations under this Agreement or by Parent or Merger Sub of its obligations under this Agreement, or (d) exercise, convert or exchange, or take any action that would result in the exercise, conversion or exchange, of any Shares or ADS, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or through (d). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 6.16 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Merger Agreement (China Zenix Auto International LTD)

Restrictions on Transfers. Except as provided for in Article III II below or pursuant to the Merger Agreement, each of the Rollover Shareholder Supporting Shareholders hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover Shareholder such person shall not, and shall cause its or his Affiliates not to, directly or indirectly: (a) offer for sale, sell (constructively or otherwise)sell, transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any of its or his Securities or any interest therein, or with respect to any limitation on voting right of any of its or his Securities, including, without limitation, including any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any of its or his Securities and which (x) has, or would could reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholdersuch person’s economic interest and/or voting power in such Securities and/or (y) with respect to its or affecting his Securities, grants a third party the ownership right to vote or direct the voting of Securitiessuch Securities (any such transaction, a “Derivative Transaction”); (b) deposit any of its or his Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) exercise, convert or exchange, or take any action which would result in the exercise, conversion or exchangeexchange of, any of any its or his Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder such person set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder such persons from performing any of its or his obligations under this Agreement or would that is intended, or could reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, Merger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by such Supporting Shareholder of its or his obligations under this Agreement; or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 paragraph shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement (Huang Jianjun)

Restrictions on Transfers. Except as provided for in Article III II below or pursuant to the Merger Agreement, the Rollover Shareholder Stockholder hereby agrees that, from the date hereof until the Expiration Time Time, Rollover Stockholder shall not, without the prior written consent of Parent and the Company Board (as defined belowat the direction of the Special Committee), the Rollover Shareholder shall not directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (i) has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover ShareholderStockholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; Securities and/or (ii) grants a third party the right to vote or direct the voting of such Securities (any such transaction, a “Derivative Transaction”), (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy proxy, consent, rights of first offer or refusal, or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder Stockholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or materially delaying the Rollover Shareholder Stockholder from performing any of his, her or its obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d). Any purported Transfer in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Rollover and Support Agreement (Novartis Pharma Ag)

Restrictions on Transfers. Except as provided for in Article III II below or pursuant to the Merger Interim Investors Agreement, each of the Rollover Shareholder Supporting Shareholders and the Beneficial Owners hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover Shareholder such person shall not, and shall cause its or his Affiliates not to, directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, charge, mortgage, grant, encumber, hypothecate or similarly assign or dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any of its or his Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any of its or his Securities and which (x) has, or would could reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholdersuch person’s economic interest and/or voting power in such Securities and/or (y) with respect to its or affecting his Securities, grants a third party the ownership right to vote or direct the voting of such Securities; provided, that a Supporting Shareholder or any of its Affiliates may settle or unwind any swap transaction disclosed by such Supporting Shareholder in a Schedule 13D filed with the SEC, as amended as of the date hereof; provided, further, that (i) each Sponsor may Transfer its Securities to an Affiliate provided such Affiliate agrees in writing to be bound by the terms of this Agreement as a Supporting Shareholder and (ii) each Founder may Transfer his Securities to his respective Permitted Transferees (as defined in the shareholders’ agreement term sheet attached as Exhibit C to the Interim Investors Agreement) provided any such Permitted Transferees agree in writing to be bound by the terms of this Agreement as a Supporting Shareholder; (b) deposit any of its or his Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchangeexchange of, any of any its or his Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder such person set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.of

Appears in 1 contract

Sources: Rollover and Support Agreement (De Sa Cavalcante Neto Ari)

Restrictions on Transfers. Except Unless the Company Board (at the direction of the Special Committee) or the Special Committee has made a Change in the Company Recommendation, and except as provided for in Article III below or pursuant to the Merger Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)termination of this Agreement, the such Rollover Shareholder shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has(any such transaction, or would reasonably be expected to havea “Derivative Transaction”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the such Rollover Shareholder from performing any of its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by any Rollover Shareholder of his or its obligations under this Agreement, or or (ed) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (dc). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 paragraph shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement (Quiet Well LTD)

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the Rollover Each Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover such Shareholder shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”)contract, option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (x) has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover such Shareholder’s economic interest and/or voting power in such Securities and/or (y) grants a third party the right to vote or affecting direct the ownership voting of Securities; such Securities (any such transaction, a “Derivative Transaction”), (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover such Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover such Shareholder from performing any of his, her, or its obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d). Any purported Transfer in violation Notwithstanding anything to the contrary herein, nothing shall require (and no Shareholder undertakes an obligation and makes a representation or warranty related to) the conversion, exercise or exchange of this Section 2.1 shall any security for which Shareholder has beneficial ownership into securities entitled to be null and void and the Rollover voted, or for which Shareholder agrees is entitled to take consent or act, with respect thereto, including without limitation, any and all actions necessary Company Stock Option or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectWarrant.

Appears in 1 contract

Sources: Voting Agreement (Corgenix Medical Corp/Co)

Restrictions on Transfers. Except as provided for in Article III II below or pursuant to the Merger Agreement, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover Shareholder shall not, and shall cause its Affiliates not to, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (x) has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities and/or (y) grants a third party the right to vote or affecting direct the ownership voting of such Securities; , (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchangeexchange of, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.

Appears in 1 contract

Sources: Rollover and Support Agreement (Tang Liang)

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below), the such Rollover Shareholder shall not directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the such Rollover Shareholder from performing any of its its, his or her obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerAgreement, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Rollover and Contribution Agreement (Chen Wenbin)

Restrictions on Transfers. Except as provided for in Article III or pursuant to II below, each of the Merger Agreement, the Rollover Shareholder Shareholders hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover such Shareholder shall not not, without the prior written consent of Parent, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, charge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities Rollover Shares or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities Rollover Shares and which (i) has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover such Shareholder’s economic interest and/or voting power in such Securities Rollover Shares and/or (ii) grants a third party the right to vote or affecting direct the ownership voting of Securities; such Rollover Shares (any such transaction, a “Derivative Transaction”), (b) deposit any Securities Rollover Shares into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any SecuritiesRollover Shares, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover such Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or materially delaying the Rollover such Shareholder from performing any of its obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d). Any purported Transfer in violation of this Section 2.1 1.2 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Rollover and Voting Agreement (Square LTD)

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below), the Rollover Shareholder shall not directly or indirectly: (a) offer for saleGuarantor shall not, sell (constructively without the prior written consent of Lender, change the ownership interests of the Guarantor, or otherwise)add an additional member of Guarantor, or transfer, assign, tender in any tender or exchange offersell, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indentureconvey, lease, license, assign or encumber all or any portion of the Casino or the Collateral (or contract to do any of the foregoing, including options to purchase). (b) Without limiting the generality of the foregoing and subject to the terms of this Agreement, the prior written consent of Lender shall be required for: (i) any transfer of the Casino or agreementthe Collateral to a subsidiary or any Affiliate or otherwise; (ii) except to the extent provided in Section 7.1 above, any merger or consolidation, disposition or other reorganization of Guarantor; and (iii) any change in the ownership interest of the Borrower or Guarantor that exceeds twenty (20%) percent, whether in a single transaction or cumulatively, other than changes in the ownership interest of the Borrower resulting from (A) the sale (or distribution) of the outstanding common stock of the Borrower that is owned by GB Holdings, Inc., (B) the conversion of the 3% Notes, (C) the exercise of warrants of the Borrower, or other instrument (D) any transfer or obligation (eachdisposition of common stock, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest thereinwarrants, or with respect 3% Notes of the Borrower by an existing holder of common stock, warrants, or 3% Notes of the Borrower, to any limitation one or more of its affiliates. In the event that Lender, in Lender's sole discretion, is willing to consent to a transfer which would otherwise be prohibited by this Section, Lender may condition its consent on voting right of any Securitiessuch terms as it desires, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result an increase in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void applicable Interest Rate and the Rollover Shareholder agrees to take requirement that Borrower pay a transfer fee, together with any and all actions necessary or desirable expenses incurred by Lender in connection with the granting of such consent (including, but not limited towithout limitation, voting its Ordinary Shares in procuring that attorneys' fees and expenses). If Borrower or Guarantor violate the Company take action, where necessary) in order to ensure that any such purported Transfer in violation terms of this Section 2.1 does not take effectSection, in addition to any other rights or remedies which Lender may have herein, in any other Loan Document, or at law or in equity, Lender may by written notice to Borrower increase, effective immediately as of the date of such violation, the applicable Interest Rate to the applicable Default Rate.

Appears in 1 contract

Sources: Loan and Security Agreement (Atlantic Coast Entertainment Holdings Inc)

Restrictions on Transfers. Except as provided for in Article III II below or pursuant to the Merger Agreement, the each Rollover Shareholder Stockholder hereby agrees that, from the date hereof until the Expiration Time Time, such Rollover Stockholder shall not, without the prior written consent of Parent and the Company Board (as defined belowat the direction of the Special Committee), the Rollover Shareholder shall not directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (i) has, or would reasonably be expected to have, the effect of reducing or limiting the such Rollover ShareholderStockholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; Securities and/or (ii) grants a third party the right to vote or direct the voting of such Securities (any such transaction, a “Derivative Transaction”), (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy proxy, consent, rights of first offer or refusal, or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder Stockholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or materially delaying the such Rollover Shareholder Stockholder from performing any of his, her or its obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d). Any purported Transfer in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Rollover and Support Agreement (Liu Tony)

Restrictions on Transfers. Except as provided for in Article III below or pursuant to the Merger Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)termination of this Agreement, the Rollover Shareholder it or he shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or otherwise similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has(any such transaction, or would reasonably be expected to havea “Derivative Transaction”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, preventing or delaying the Rollover Shareholder it or him from performing any of its or his obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by such Rollover Shareholder of its or his obligations under this Agreement, or (d) exercise, convert or exchange, or take any action that would result in the exercise, conversion or exchange, of any Securities, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or through (d). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Rollover and Support Agreement (Han Shaoyun)

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the Rollover Shareholder (a) Each Stockholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, such Stockholder shall not, without the Rollover Shareholder shall not prior written consent of the Independent Committee, directly or indirectly: , (ai) offer for sale, sell Transfer (constructively or otherwise), transfer, assign, tender in any tender cause or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”permit the Transfer of), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of of, any Covered Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which hasCovered Securities, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (bii) deposit any Covered Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (ciii) convert or exchange, or take any action which would result in the conversion or exchange, of any Covered Securities, other than conversion of ADSs into Class A Ordinary Shares; (div) knowingly take any action that would make any representation or warranty of the Rollover Shareholder such Stockholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or materially delaying the Rollover Shareholder such Stockholder from performing any of its obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (ev) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (ai), (b), ii) (ciii) or (div). Any purported Transfer in violation of this Section 2.1 2.3 shall be null and void and the Rollover Shareholder agrees to take any of no force or effect and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring each Stockholder acknowledges that the Company take action, where necessary) in order to ensure that will not register or permit the registration of or otherwise facilitate or effect any such purported Transfer. (b) This Agreement and the obligations hereunder shall attach to the Covered Securities and shall be binding upon any person to which legal or Beneficial Ownership shall pass, whether by operation of Law or otherwise, including, each Stockholder’s successors or assigns. Each Stockholder covenants and agrees that it will not request that the Company register the Transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any or all of the Covered Shares, unless such Transfer is made in violation of compliance with this Section 2.1 does not take effectAgreement.

Appears in 1 contract

Sources: Voting and Support Agreement (Steel Connect, Inc.)

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the Rollover Shareholder The Shareholders hereby agrees that, from the date hereof until the Expiration Time (as defined below), the Rollover Shareholder shall not directly or indirectly: agree (a) offer for sale, sell (constructively or otherwise)not to sell, transfer, assign, tender in pledge, subject to any tender Lien or exchange offerdispose, whether directly or indirectly, by operation of law or otherwise, any of the Shares or any option, warrant or other right to acquire the Shares (other than the transfer of the Shares to Holdco pursuant to this Agreement) or (b) to cause Holdco not to transfer, assign, pledge, grantsubject to any Lien or dispose, encumberwhether directly or indirectly, hypothecate by operation of law or similarly dispose otherwise, the Transferred Interests or any option, warrant or other right to acquire the Shares or Transferred Interests (other than the sale of the Transferred Interests pursuant to this Agreement), in each case, during the period from the date hereof through and including the earlier of (i) the Closing and (ii) date of termination of this Agreement in accordance with its terms. Any such attempted sale, transfer, assignment, pledge, Lien or disposal during such period will not be effective and the Shareholders shall cause the Company not to record the same in the records of the Company. Further, each of the Company and the Shareholders hereby agree to waive any right of first offer, any notices or any consents required pursuant to that certain Sixteenth Amendment to and Complete Restatement of Buy/Sell Agreement dated March 6th, 2012, as amended by mergerthe Seventeenth Amendment dated February 6, testamentary disposition2013, operation of Law or otherwise) and the Eighteenth Amendment dated June 8, 2018, by and among the Shareholders (collectively, the TransferBuy/Sell Agreement”), either voluntarily or involuntarilythat certain ▇▇▇▇▇ Technology Corporation Voting Agreement dated July 21, or enter into any note2011, bondby and between the Company and the Shareholders (the “Voting Agreement”) and that certain Voting Trust Agreement, mortgageby and among certain Shareholders, indenture▇▇▇▇▇▇▇ ▇▇▇▇▇ and the Company dated December 11, lease1997, licenseas amended by that certain Amendment No. 1 to Voting Trust Agreement, contract or agreementdated January 27, or other instrument or obligation 2023 (each, a the ContractVoting Trust”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactionsin each case, in each case involving any Securities and which has, or would reasonably be expected to have, connection with the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effecttransactions contemplated hereby.

Appears in 1 contract

Sources: Share Purchase Agreement (Waters Corp /De/)

Restrictions on Transfers. Except as provided for in Article III or below, pursuant to the Merger Agreement, the each Rollover Shareholder Securityholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, without the prior approval of the other Rollover Shareholder Securityholders and Parent, such Rollover Securityholder shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (i) has, or would reasonably be expected to have, the effect of reducing or limiting the such Rollover ShareholderSecurityholder’s economic interest and/or voting power in such Securities and/or (ii) grants a third party the right to vote or affecting direct the ownership voting of Securities; such Securities (any such transaction, a “Derivative Transaction”), (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder Securityholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the such Rollover Shareholder Securityholder from performing any of its its/his obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by any Rollover Securityholder from performing any of his or its/his obligations under this Agreement, or or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d); provided that the foregoing shall not prevent the conversion of the Securities into the right to receive any merger consideration in accordance with the terms of the Merger Agreement. Any purported Transfer in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement (Qi Guosheng)

Restrictions on Transfers. Except as provided for in Article III below or pursuant to the Merger Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)termination of this Agreement, the Rollover Shareholder he or she shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or otherwise similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”)contract, option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has(any such transaction, or would reasonably be expected to havea “Derivative Transaction”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder him or her from performing any of its his or her obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by such Rollover Shareholder of his or her obligations under this Agreement, or (d) exercise, convert or exchange, or take any action that would result in the exercise, conversion or exchange, of any Securities, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or - (d). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 paragraph shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement (SILVER TRILLION INVESTMENTS LTD)

Restrictions on Transfers. Except Purchaser agrees that, prior to the first anniversary of the Closing (as defined in the Stock Purchase Agreement), it will not, directly or indirectly, sell, transfer or otherwise dispose of any interest in the Shares, provided that Purchaser may transfer Shares (i) to any affiliate (as defined in Rule 144 of the Securities Act of 1933, as amended (the "Securities Act")) of Purchaser that enters into a standstill agreement with the Company containing terms and conditions substantially equivalent to those in this Agreement, or (ii) pursuant to any tender offer or exchange offer which is recommended by the Board of Directors of the Company. After the first anniversary of the Closing and for the remaining term of this Agreement, Purchaser may sell, transfer or otherwise dispose of any interest in Article III the Shares, provided that (x) such sale, unless it is made in a registered public offering or pursuant to a tender or exchange offer to the Merger AgreementCompany's stockholders, is not knowingly made to any person or "group" (within the Rollover Shareholder hereby agrees thatmeaning of Section 13(d)(3) of the Securities Exchange Act of 1934, from as amended (the date hereof until "1934 Act")) acquiring all of Purchaser's Shares in the Expiration Time acquisition or that would, after giving effect to its acquisition of such Shares, beneficially own or have the right to acquire more than 4.9% of the Voting Securities (as defined below)) then outstanding, unless such person or group has entered into a standstill agreement with the Rollover Shareholder shall not directly or indirectly: Company containing terms and conditions substantially equivalent to those in this Agreement (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect it being understood that Purchaser has no duty to inquire as to the Transfer beneficial ownership of any Securities such person or any interest therein, or with respect to any limitation group when Purchaser sells the Shares in a transaction on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction the New York Stock Exchange or any other similar transaction exchange on which the Shares are listed at the time), and (including y)(i) such sale is pursuant to an effective registration statement under the Securities Act, (ii) such sale is made after the termination of sale restrictions pursuant to Rule 144 of the Securities Act or any option with respect successor to any such transactionrule or, (iii) or combination Purchaser shall have delivered to the Company an opinion of any such transactionscounsel, in each case involving any Securities which opinion and which hascounsel shall be reasonably satisfactory to the Company, or would reasonably be expected to have, the effect that such sale is exempt from the provisions of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty Section 5 of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectSecurities Act.

Appears in 1 contract

Sources: Standstill Agreement (Metlife Inc)

Restrictions on Transfers. Except as provided for in Article III below or pursuant to the Merger Agreement, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)termination of this Agreement, the Rollover Shareholder it shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise)sell, transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or otherwise similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, ) or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (i) has, or would could reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic its beneficial ownership interest and/or voting power in such Securities and/or (ii) grants a third party the right to vote or affecting direct or otherwise influence the ownership voting of Securities; such Securities (any such transaction, a “Derivative Transaction”), (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would, or would reasonably be expected to, make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, preventing or delaying the Rollover Shareholder it from performing any of its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by such Rollover Shareholder of its obligations under this Agreement, or (d) exercise, convert or exchange, or take any action that would result in the exercise, conversion or exchange, of any Securities, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or through (d). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 1.2 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Rollover and Support Agreement (KKR Group Partnership L.P.)

Restrictions on Transfers. Except as provided for in Article III II or pursuant to the Merger Agreement, the Rollover each Continuing Shareholder hereby agrees that, from the date hereof until the Expiration Time Time, such Continuing Shareholder shall not, and shall cause its, his or her Affiliates (as defined below)in the Interim Investors Agreement) not to, the Rollover Shareholder shall not directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any of such Continuing Shareholder’s Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any of its, his or her Securities and which (i) has, or would could reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s its, his or her economic interest and/or voting power in such Securities and/or (ii) with respect to its, his or affecting her Securities, grants a third party the ownership right to vote or direct the voting of such Securities; (b) deposit any of such Continuing Shareholder’s Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchangeexchange of, any of any such Continuing Shareholder’s Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover such Continuing Shareholder set forth in this Agreement to be made as of a date following the date hereof untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover such Continuing Shareholder from performing any of its its, his or her obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, Agreement; or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d); provided, that, for the avoidance of doubt, neither this Section 1.2 nor any other provision of this Agreement shall prevent or restrict (i) the exercise of Vested Company Options, (ii) the cancellation or conversion of any Existing Shares or Continuing Shares as contemplated by the Merger Agreement, (iii) the withdrawal of any Continuing Shares represented by ADSs as contemplated by Section 2.1(a), (iv) the Founder Transfer (as defined below) as contemplated by Section 2.2, (v) after the Effective Time, the Subsequent Management Share Repurchase (as defined below) as contemplated by Section 2.3, or (vi) after the Effective Time, the Subsequent Founder Share Repurchase (as defined in the Recruit Support Agreement) as contemplated by Section 2.4 of the Recruit Support Agreement. Any purported Transfer in violation of this Section 2.1 1.2 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement (Yan Rick)

Restrictions on Transfers. (i) Except as provided for in Article III II below or pursuant to the Merger Agreement and (ii) except that any beneficial owner of DT01 Holding International Limited may transfer his or its interests in DT01 Holding International Limited to Anfernee Song Guan or any of his Affiliates so that DT01 Holding International Limited will be 100% beneficially owned by Anfernee Song Guan, provided that all the Securities held by DT01 Holding International Limited continue to be subject to the terms of this Agreement, the Rollover Shareholder each Supporting Securityholder hereby agrees that, from the date hereof until the Expiration Time Time, such Supporting Securityholder shall not, without the prior written consent of Parent and the Company Board (as defined belowat the direction of the Special Committee), the Rollover Shareholder shall not directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has(any such transaction, or would reasonably be expected to havea “Derivative Transaction”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder such Supporting Securityholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder such Supporting Securityholder from performing any of his or its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other Transactions or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by any Supporting Securityholder from performing any of his or its obligations under this Agreement, or or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d); provided that the foregoing shall not prevent the conversion of the Securities into the right to receive any merger consideration in accordance with the terms of the Merger Agreement. Any purported Transfer in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement (Chen Xiangyu)

Restrictions on Transfers. Except as provided for in Article III the Rollover Agreement or pursuant to the Merger Agreement, the Rollover each Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the Rollover such Shareholder shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (i) has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover such Shareholder’s economic interest and/or voting power in such Securities and/or (ii) grants a third party the right to vote or affecting direct the ownership voting of Securities; such Securities (any such transaction, a “Derivative Transaction”), (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, Securities (other than conversion Securities issued upon the exercise of ADSs into Class A Ordinary Shares; any Company options or the vesting of Company restricted shares), (d) knowingly take any action that would make any representation or warranty of the Rollover such Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, preventing or materially delaying the Rollover such Shareholder from performing any of its or his obligations under this Agreement Agreement, or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 paragraph shall be null and void and the Rollover Shareholder agrees to take any of no force and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.

Appears in 1 contract

Sources: Voting Agreement (Zhou Xin)

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below), the Rollover Shareholder shall not directly or indirectly: (a) offer for saleMortgagor shall not, sell without first obtaining the prior written consent of the Mortgagee (constructively which may be given or otherwisewithheld by the Mortgagee in the Mortgagee's sole and absolute discretion), whether voluntarily or involuntarily by operation of law or otherwise (i) transfer, assignsell, tender in convey or assign all or any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose portion of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarilythe Premises, or enter into contract to do any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to of the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securitiesforegoing, including, without limitation, any swap transactionenter into options to purchase, optioninstallment sales contracts, warrantland contracts, forward purchase real estate contracts or sale transactioncontracts for Mortgage, futures transaction, cap transaction, floor transaction, collar transaction (ii) lease all or any other similar transaction portion of the Premises or change the legal possession or use thereof, (including any option with respect to any such transactioniii) except as provided in this Paragraph, permit the dilution, transfer, pledge, hypothecation or combination encumbrance of any such transactionsownership interest in Mortgagor or any or ownership interests in any partner of Mortgagor , or (iv) permit the assignment, transfer, delegation, change, modification or any diminution of the duties or responsibilities of Mortgagor as manager of the Premises (except to a professional management company or companies acceptable to Mortgagee, in each case involving Mortgagee's sole discretion). Without limiting the generality of the preceding sentence, the prior written consent of the Mortgagee shall be required for (i) any Securities and which hastransfer made to a subsidiary or affiliate entity of Mortgagor, (ii) any transfer made to a reconstituted general or limited partnership or limited liability company, transfer by any partnership or limited liability company to its individual partners or members, respectively, or vice versa, (iii) any transfer by any corporation to its stockholders or vice versa and (iv) any corporate merger or consolidation. In the event that the Mortgagee, in the Mortgagee's sold discretion, is willing to consent to a transfer which would reasonably otherwise be expected to haveprohibited by this Paragraph 1.15(a), the effect Mortgagee may condition its consent on such terms as it desires, including, without limitation, an increase in the interest rate of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power Revolving Note (and recalculation of the amortization provisions thereof), and the requirement that Mortgagor pay a transfer fee, together with any expenses incurred by the Mortgagee in connection with the granting of such Securities or affecting the ownership of Securities;consent (including, without limitation, reasonable attorneys' fees). (b) deposit If Mortgagor violates the terms of Paragraph 1.15(a) hereof, in addition to any Securities into a voting trust other rights or enter into a voting agreement remedies which Mortgagor may have herein, in any other Security Document or arrangement at law or grant any proxy or power of attorney with respect thereto that is inconsistent with in equity, Mortgagee may increase the interest rate charged on the Indebtedness up to the Default Rate, such interest being due on demand and being secured by this Agreement;Mortgage. (c) convert Mortgagor shall not enter into any easements, rights of way, agreements affecting property lines or exchangesimilar agreements affecting the Premises without the prior written consent of Mortgagee, which consent shall not be unreasonably withheld or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectdelayed.

Appears in 1 contract

Sources: Mortgage Security Agreement (Golf Trust of America Inc)

Restrictions on Transfers. Except as provided for in Article III hereinafter specifically provided, Borrower shall not, whether voluntarily or pursuant to the Merger Agreementinvoluntarily, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below), the Rollover Shareholder shall not directly or indirectly: (a) offer for sale, sell (constructively by operation of law or otherwise, (i) without obtaining the prior written consent of Lender (which consent may be given, withheld or conditioned by Lender in Lender's sole discretion), transfer, assign, tender in any tender or exchange offersell, pledge, grantconvey, encumberhypothecate, hypothecate factor or similarly dispose assign all or any portion of (by mergerthe Collateral, testamentary dispositionthe Encumbered Intervals, operation of Law the Common Elements relating to the Encumbered Intervals or otherwise) (collectively, “Transfer”), either voluntarily any Resort facilities or involuntarilyamenities, or enter into contract to do any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to of the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securitiesforegoing, including, without limitation, any swap transactionpursuant to options to purchase, optionand so-called "installment sales contracts", warrant"land contracts", forward purchase or sale transaction"contracts for deed", futures transaction(ii) without obtaining the prior written consent of Lender (which consent may be given, cap transactionwithheld or conditioned by Lender in Lender's sole discretion), floor transaction, collar transaction lease or license all or any other similar transaction portion of the Collateral, the Encumbered Intervals, the Common Elements relating to the Encumbered Intervals or any Resort facilities or amenities, or change the legal or actual possession or use thereof, (including any option with respect to any such transactioniii) permit the dilution, transfer, pledge, hypothecation or combination encumbrance of any such transactionsinterest in Borrower without obtaining the prior written consent of Lender (which consent shall not be unreasonably withheld), in each case involving any Securities and which has(iv) permit the assignment, transfer, delegation, change, modification or would reasonably be expected to havediminution of the duties or responsibilities of Borrower, the effect Guarantor or, to the extent within the control of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchangeBorrower, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty manager of the Rollover Shareholder set forth Resort approved by Lender as manager of the Resort (except for an assignment of such duties to a professional management company or companies reasonably acceptable to Lender in this Agreement untrue or incorrect or have advance) without obtaining the effect prior written consent of preventing, disablingLender (which consent shall not be unreasonably withheld), or delaying (v) without obtaining the Rollover Shareholder from performing any prior written consent of its obligations under this Agreement Lender (which consent may be given, withheld or would reasonably be expected to impedeconditioned by Lender in Lender's sole discretion), frustratecause or permit the assignment, interfere with, delay, postpone, adversely affect pledge or prevent the consummation other encumbrance of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to Operating Contracts or all or any portion of Borrower's right, title or interest in the foregoing clauses (a)Declaration. Without limiting the generality, (b)of the preceding sentence, (c) or (d). Any purported Transfer in violation and subject to the terms of this Section 2.1 Agreement, the prior written consent of Lender (as specified above) shall be null and void and required for (A) any transfer of the Rollover Shareholder agrees Encumbered Intervals, the Common Elements relating to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.the

Appears in 1 contract

Sources: Loan and Security Agreement (Silverleaf Resorts Inc)

Restrictions on Transfers. Except as provided for in Article III below or pursuant to the Merger Amalgamation Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, the such Rollover Shareholder shall not, and shall cause its Affiliates not to, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by mergeramalgamation, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has(any such transaction, or would reasonably be expected to havea “Derivative Transaction”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the such Rollover Shareholder from performing any of his or its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerTransactions or this Agreement or the performance by the Company of its obligations under the Amalgamation Agreement or by any Rollover Shareholder from performing any of his or its obligations under this Agreement, or or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d); provided that the foregoing shall not prevent the conversion of Company Options into the right to receive payment in accordance with the terms of, and to the extent provided in, the Amalgamation Agreement. Any purported Transfer in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement (Weidong Yin)

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the Rollover Shareholder Parent hereby agrees that, from the date hereof until the Expiration Time (as defined below), the Rollover Shareholder Parent shall not directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover ShareholderParent’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder Parent set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder Parent from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder Parent agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.

Appears in 1 contract

Sources: Rollover and Contribution Agreement (Junique Laurent)

Restrictions on Transfers. Except as provided for in Article III or pursuant to contemplated under the Merger Agreement, the Rollover Shareholder Parent hereby agrees that, from during the period commencing on the date hereof and continuing until the Expiration Time (as defined below)Time, the Rollover Shareholder Parent shall not not, directly or indirectly: , (a) tender any Securities into any tender or exchange offer, (b) offer for sale, sell (constructively or otherwise), transfer, assignpledge, tender in any tender or exchange offer, pledgehypothecate, grant, encumber, hypothecate assign or similarly otherwise dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which hasSecurities, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (bc) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (cd) convert or exchange, or take any action which would result in the conversion or exchangeexchange of, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (de) knowingly take any action that would make any representation or warranty of the Rollover Shareholder Parent set forth in the Merger Agreement or this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder Parent from performing any of its obligations under this Agreement and the Merger Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by Parent of any of its obligations under this Agreement, or or (ef) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses clause (a), (b), (c) (d) or (de). Any purported Transfer in violation of this Section 2.1 3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement (eFuture Holding Inc.)

Restrictions on Transfers. Except Transferee agrees that, prior to the first anniversary of the Closing (as defined in the Stock Purchase Agreement), it will not, directly or indirectly, sell, transfer or otherwise dispose of any interest in the Shares, provided that Transferee may transfer Shares (i) to any affiliate (as defined in Rule 144 of the Securities Act of 1933, as amended (the "Securities Act")) of Transferee that enters into a standstill agreement with the Company containing terms and conditions substantially equivalent to those in this Agreement, or (ii) pursuant to any tender offer or exchange offer which is 2 recommended by the Board of Directors of the Company. After the first anniversary of the Closing and for the remaining term of this Agreement, Transferee may sell, transfer or otherwise dispose of any interest in Article III the Shares, provided that (x) such sale, unless it is made in a registered public offering or pursuant to a tender or exchange offer to the Merger AgreementCompany's stockholders, is not knowingly made to any person or "group" (within the Rollover Shareholder hereby agrees thatmeaning of Section 13(d)(3) of the Securities Exchange Act of 1934, from as amended (the date hereof until "1934 Act")) acquiring all of Transferee's Shares in the Expiration Time acquisition or that would, after giving effect to its acquisition of such Shares, beneficially own or have the right to acquire more than 4.9% of the Voting Securities (as defined below)) then outstanding, unless such person or group has entered into a standstill agreement with the Rollover Shareholder shall not directly or indirectly: Company containing terms and conditions substantially equivalent to those in this Agreement (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect it being understood that Transferee has no duty to inquire as to the Transfer beneficial ownership of any Securities such person or any interest therein, or with respect to any limitation group when Transferee sells the Shares in a transaction on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction the New York Stock Exchange or any other similar transaction exchange on which the Shares are listed at the time), and (including y) (i) such sale is pursuant to an effective registration statement under the Securities Act, (ii) such sale is made after the termination of sale restrictions pursuant to Rule 144 of the Securities Act or any option with respect successor to any such transactionrule or (iii) or combination Transferee shall have delivered to the Company an opinion of any such transactionscounsel, in each case involving any Securities which opinion and which hascounsel shall be reasonably satisfactory to the Company, or would reasonably be expected to have, the effect that such sale is exempt from the provisions of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty Section 5 of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectSecurities Act.

Appears in 1 contract

Sources: Transferee Standstill Agreement (Metlife Inc)

Restrictions on Transfers. Except as provided for in Article III or below, pursuant to the Merger Agreement, the each Rollover Shareholder Securityholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)Time, without the prior approval of all other Rollover Shareholder Securityholders and Parent, such Rollover Securityholder shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (i) has, or would reasonably be expected to have, the effect of reducing or limiting the such Rollover ShareholderSecurityholder’s economic interest and/or voting power in such Securities and/or (ii) grants a third party the right to vote or affecting direct the ownership voting of Securities; such Securities (any such transaction, a “Derivative Transaction”), (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder Securityholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the such Rollover Shareholder Securityholder from performing any of its its/his obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by any Rollover Securityholder from performing any of his or its/his obligations under this Agreement, or or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d); provided that the foregoing shall not prevent the conversion of the Securities into the right to receive any merger consideration in accordance with the terms of the Merger Agreement. Any Subject to the Laws of the British Virgin Islands, any purported Transfer in violation of this Section 2.1 1.3 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Rollover and Support Agreement (Wang Zhili)

Restrictions on Transfers. Except as provided for in Article III below or pursuant to the Merger Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below)termination of this Agreement, the Rollover Shareholder it shall not not, directly or indirectly: , (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or otherwise similarly dispose of (by merger, testamentary disposition, operation of Law law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has(any such transaction, or would reasonably be expected to havea “Derivative Transaction”), the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; , (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder it from performing any of its obligations under this Agreement or that is intended, or would reasonably be expected expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the MergerMerger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations under the Merger Agreement or by such Rollover Shareholder of its obligations under this Agreement, or (d) exercise, convert or exchange, or take any action that would result in the exercise, conversion or exchange, of any Securities, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or - (d). Any purported Transfer or Derivative Transaction in violation of this Section 2.1 paragraph shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectvoid.

Appears in 1 contract

Sources: Support Agreement (Jinglong Group Co., Ltd.)

Restrictions on Transfers. Except as provided for in Article III or pursuant to the Merger Agreement, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below), the Rollover Shareholder shall not directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), ) (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.

Appears in 1 contract

Sources: Rollover and Contribution Agreement (Junique Laurent)

Restrictions on Transfers. Except Transferee agrees that, prior to the first anniversary of the Closing (as defined in the Stock Purchase Agreement), it will not, directly or indirectly, sell, transfer or otherwise dispose of any interest in the Shares, provided that Transferee may transfer Shares (i) to any affiliate (as defined in Rule 144 of the Securities Act of 1933, as amended (the "Securities Act")) of Transferee that enters into a standstill agreement with the Company containing terms and conditions substantially equivalent to those in this Agreement, or (ii) pursuant to any tender offer or exchange offer which is 2 recommended by the Board of Directors of the Company. After the first anniversary of the Closing and for the remaining term of this Agreement, Transferee may sell, transfer or otherwise dispose of any interest in Article III the Shares, provided that (x) such sale, unless it is made in a registered public offering or pursuant to a tender or exchange offer to the Merger AgreementCompany's stockholders, is not knowingly made to any person or "group" (within the Rollover Shareholder hereby agrees thatmeaning of Section 13(d)(3) of the Securities Exchange Act of 1934, from as amended (the date hereof until "1934 Act")) acquiring all of Transferee's Shares in the Expiration Time acquisition or that would, after giving effect to its acquisition of such Shares, beneficially own or have the right to acquire more than 4.9% of the Voting Securities (as defined below)) then outstanding, unless such person or group has entered into a standstill agreement with the Rollover Shareholder shall not directly or indirectly: Company containing terms and conditions substantially equivalent to those in this Agreement (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect it being understood that Transferee has no duty to inquire as to the Transfer beneficial ownership of any Securities such person or any interest therein, or with respect to any limitation group when Transferee sells the Shares in a transaction on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction the New York Stock Exchange or any other similar transaction exchange on which the Shares are listed at the time), and (including y)(i) such sale is pursuant to an effective registration statement under the Securities Act, (ii) such sale is made after the termination of sale restrictions pursuant to Rule 144 of the Securities Act or any option with respect successor to any such transactionrule or (iii) or combination Transferee shall have delivered to the Company an opinion of any such transactionscounsel, in each case involving any Securities which opinion and which hascounsel shall be reasonably satisfactory to the Company, or would reasonably be expected to have, the effect that such sale is exempt from the provisions of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchange, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty Section 5 of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectSecurities Act.

Appears in 1 contract

Sources: Standstill Agreement (Metlife Inc)

Restrictions on Transfers. Except as provided for in Article III II below or pursuant to the Merger Agreement, the each Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined below), the such Rollover Shareholder shall not directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either voluntarily or involuntarily, or enter into any note, bond, mortgage, indenture, lease, license, contract or agreement, or other instrument or obligation (each, a “Contract”), option or other arrangement or understanding with respect to the Transfer of of, any Securities or any interest therein, or with respect to any limitation on voting right of any Securities, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which (x) has, or would could reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s its economic interest and/or voting power in such Securities and/or (y) grants a third party the right to vote or affecting direct the ownership voting of Securitiessuch Securities that is inconsistent with this Agreement; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result in the conversion or exchangeexchange of, of any Securities, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the such Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling, or delaying the such Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, Agreement; or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (d). Any purported Transfer in violation of this Section 2.1 shall be null and void and the Rollover Shareholder agrees to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effect.

Appears in 1 contract

Sources: Rollover Agreement (Tencent Holdings LTD)

Restrictions on Transfers. Except as provided for Neither Borrower nor Guarantor shall, without obtaining the prior written consent of Lender (which consent may be given, withheld, or conditioned by Lender, in Article III or pursuant to the Merger Agreement, the Rollover Shareholder hereby agrees that, from the date hereof until the Expiration Time (as defined belowLender's sole and absolute discretion), the Rollover Shareholder shall not directly or indirectly: (a) offer for sale, sell (constructively or otherwise), transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber, hypothecate or similarly dispose of (by merger, testamentary disposition, operation of Law or otherwise) (collectively, “Transfer”), either whether voluntarily or involuntarily, by operation of law or enter into otherwise: (i) transfer, sell, pledge, convey, hypothecate, factor, or assign all or any noteportion of the Collateral; (ii) lease or license any portion of the Collateral, bondor change the legal or actual possession or use thereof; or (iii) permit the dilution, mortgagetransfer, indenturepledge, leasehypothecation, licenseor encumbrance of any of the stock of Borrower or Guarantor. Without limiting the generality of the preceding sentence, contract and subject to the terms of this Agreement, the prior written consent of Lender shall be required for (A) any transfer of the Collateral or agreementany part thereof to a subsidiary or other Affiliate of Borrower or otherwise; (B) any corporate merger or consolidation, disposition, or other instrument reorganization of Borrower or obligation Guarantor, or the reclassification of any of the capital stock of Borrower or Guarantor; (eachC) any change in the ownership of Borrower or Guarantor; and (D) any transfer of or change in Guarantor's status as the sole shareholder of Borrower; provided, however, that notwithstanding the foregoing provisions of this Section 6.3(b) to the contrary, Lender shall not unreasonably withhold its consent to any of the actions specified in (A) through (D) above in the event that the applicable successor to Borrower or Guarantor, as the case may be, is an investment grade company with a “Contract”minimum tangible net worth of not less than $10,000,000 as determined in accordance with GAAP. In the event that Lender, in Lender's sole discretion, is willing to consent to a transfer that would otherwise be prohibited by this Section 6.3(b), option or other arrangement or understanding with respect to the Transfer of any Securities or any interest therein, or with respect to any limitation Lender may condition its consent on voting right of any Securitiessuch terms as it desires, including, without limitation, any swap transaction, option, warrant, forward purchase or sale transaction, futures transaction, cap transaction, floor transaction, collar transaction or any other similar transaction (including any option with respect to any such transaction) or combination of any such transactions, in each case involving any Securities and which has, or would reasonably be expected to have, the effect of reducing or limiting the Rollover Shareholder’s economic interest and/or voting power in such Securities or affecting the ownership of Securities; (b) deposit any Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent with this Agreement; (c) convert or exchange, or take any action which would result an increase in the conversion or exchangeInterest Rate and the requirement that Borrower pay a transfer fee, together with any expenses incurred by Lender in connection with the granting of any Securitiessuch consent (including, other than conversion of ADSs into Class A Ordinary Shares; (d) knowingly take any action that would make any representation or warranty of the Rollover Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventingwithout limitation, disabling, or delaying the Rollover Shareholder from performing any of its obligations under this Agreement or would reasonably be expected to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, or (e) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (a), (b), (c) or (dattorneys' fees and expenses). Any purported Transfer in violation If Borrower violates the terms of this Section 2.1 shall be null and void and 6.3(b), in addition to any other rights or remedies which Lender may have hereunder, pursuant to any other Loan Document, or at law or in equity, Lender may, upon written notice to Borrower, increase, effective immediately as of the Rollover Shareholder agrees date of such violation, the Interest Rate to take any and all actions necessary or desirable (including, but not limited to, voting its Ordinary Shares in procuring that the Company take action, where necessary) in order to ensure that any such purported Transfer in violation of this Section 2.1 does not take effectDefault Rate.

Appears in 1 contract

Sources: Loan and Security Agreement (Equivest Finance Inc)