Common use of Transfer and Encumbrance Clause in Contracts

Transfer and Encumbrance. The Stockholder agrees not to transfer (except as may be specifically required by court order), sell, exchange, pledge or otherwise dispose of or encumber any of the Shares or any New Shares, as defined in Section 1.2 below, or to make any offer or agreement relating to any such action, at any time prior to the Expiration Date. As used herein, the term "Expiration Date" shall mean the earlier to occur of (i) such date and time as the Merger shall become effective in accordance with the terms and provisions of the Merger Agreement and (ii) such date and time as the Merger Agreement shall be validly terminated pursuant to the terms thereof.

Transfer and Encumbrance. The Stockholder Shareholder agrees not to transfer (except as may be specifically required by court order), sell, exchange, pledge or otherwise dispose of or encumber any of the Shares or any New Shares, Shares as defined in Section 1.2 below, or to make any offer or agreement relating to any such actionthereto, at any time prior to the Expiration Date. As used herein, the term "Expiration DateEXPIRATION DATE" shall mean the earlier to occur of (i) such date and time as the Merger shall become effective in accordance with the terms and provisions of the Merger Agreement and (ii) such date and time as the Merger Agreement shall be validly terminated pursuant to the terms thereofin accordance with its terms.