Section 3.3.Actions and Proceedings. As of the date hereof, there are no (a) Proceedings pending or, to the knowledge of Buyer, threatened against Buyer or any of its assets or (b) outstanding Court Orders to which Buyer or any of its assets are subject or bound, in each case, which could reasonably be expected to, individually or in the aggregate, prevent, materially delay or impair in any material respect Buyer’s ability to perform its obligations under this Agreement.
ARTICLE IV.
COVENANTS OF THE SHAREHOLDER
Section 4.1.Restriction on Transfer, Proxies and Non-Interference. The Shareholder hereby agrees, during the Agreement Term, not to, directly or indirectly, (i) offer, sell, transfer, exchange, pledge, encumber, assign or otherwise dispose of (including by gift), or enter into any contract, option or other arrangement or understanding with respect to the offer, sale, transfer, exchange, pledge, encumbrance, assignment or other disposition of, or limitation on the voting rights of, any of the Shareholder’s Parent Shares (any such action, a “Transfer”), (ii) grant any proxies or powers of attorney with respect to the Parent Shares of the Shareholder, deposit any such Parent Shares into a voting trust or enter into a voting agreement, whether by proxy, voting agreement or otherwise, with respect to any such Parent Shares, in each case with respect to any vote on the approval and/or adoption of the Purchase Agreement or any other matters set forth in Section 1.1, (iii) form or join any “group” (as such term is defined in Section 13(d)(3) of the Exchange Act) with any Persons with respect to any securities of Parent (other than, if any, pursuant to this Agreement) or (iv) commit or agree to take any of the foregoing actions during the Agreement Term;provided that, the foregoing notwithstanding, this Agreement shall not prohibit Transfers of Parent Shares with Buyer’s prior written consent. Any Transfer (or purported Transfer) in breach of this Agreement shall be null and void and of no force or effect.
Section 4.2.Limitations on Actions. The Shareholder shall not engage, nor shall it authorize or permit any investment banker, attorney, accountant or other representative or agent acting on its behalf (collectively, the “Shareholder Representatives”) to engage, directly or indirectly, in any activity that would be prohibited pursuant toSection 7.6 of the Purchase Agreement. Notwithstanding anything to the contrary in this Agreement, if Parent, in compliance with the provisions ofSection 7.6 of the Purchase Agreement, has provided information to or entered into discussions or negotiations with any Person in response to an Acquisition Proposal made by such Person, then the Shareholder and its Shareholder Representatives may provide information to and engage in discussions or negotiations with such Person only to the extent Parent and its representatives and Subsidiaries and their respective officers and directors are permitted to do so pursuant to the terms ofSection 7.6 of the Purchase Agreement, but only if instructed by the Parent Board to provide such information or engage in such discussion or negotiation. Subject to the foregoing, Buyer expressly acknowledges that the Shareholder is entering into this Agreement solely in the Shareholder’s capacity as the owner of Parent Shares and this Agreement shall not limit or otherwise affect the actions or fiduciary duties of the Shareholder, or any affiliate, partner, member, trustee, beneficiary, settlor, employee or designee of the Shareholder or any of their respective affiliates (collectively, “Affiliates”) in their capacity, if applicable, as a member of the Parent Board; provided, that any action so taken in such capacity shall not affect the obligations of the Shareholder under this Agreement. Buyer shall not assert any claim that any action taken by any Affiliate of Shareholder in the capacity as a member of the Parent Board violates any provision of this Agreement.
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