Common use of Constructive Trust Clause in Contracts

Constructive Trust. The proceeds of any sale made by any Shareholder without compliance with the provisions of this Article III, Section 3 and 4 shall be deemed to be held in constructive trust in such amount as would have been due to the Holders if such Shareholder had complied with such Sections.

Appears in 2 contracts

Sources: Investor Rights Agreement (Vistaprint LTD), Investor Rights Agreement (Vistaprint LTD)