Common use of Covenant Against Transfer Clause in Contracts

Covenant Against Transfer. Each Seller covenants that, upon signing this Agreement, it will not take any action to transfer the Shares to a third party or otherwise take any action to subject the Shares to any Lien.

Appears in 4 contracts

Samples: Stock Repurchase Agreement (Monarch Alternative Capital LP), Stock Repurchase Agreement (Arch Coal Inc), Stock Repurchase Agreement (Arch Coal Inc)

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Covenant Against Transfer. Each The Seller covenants that, upon signing this Agreement, it will not take any action to transfer the Shares to any person, other than a third party controlled affiliate of the Seller, or otherwise take any action to subject the Shares to any Lienlien, encumbrance, pledge, charge, security interest, mortgage, title retention agreement, option, equity or other adverse claim or rights of others whatsoever.

Appears in 3 contracts

Samples: Stock Repurchase Agreement, Stock Repurchase Agreement (Arlon Valencia Holdings LLC), Stock Repurchase Agreement (Presidio, Inc.)

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Covenant Against Transfer. Each Seller covenants that, upon signing this Agreement, it will not take any action to transfer the Shares to a third party or otherwise take any action to subject the Shares to any Lien.

Appears in 3 contracts

Samples: Stock Repurchase Agreement (Allison Transmission Holdings Inc), Stock Repurchase Agreement (Medpace Holdings, Inc.), Stock Repurchase Agreement (Allison Transmission Holdings Inc)

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