Common use of Effect of Void Transfers Clause in Contracts

Effect of Void Transfers. In the event of any purported Transfer of any shares of Common Stock in violation of the provisions of this Agreement, such purported Transfer shall, to the extent permitted by applicable law, be void and of no effect, and, until such time as a Transfer in compliance with this Agreement shall have occurred, (I) no dividend of any kind whatsoever nor any distribution pursuant to liquidation or otherwise shall be paid to the purported Transferee in respect of such shares, (II) the voting rights of such shares, if any, on any matter whatsoever shall remain vested in the Transferor, (III) the Transferor shall continue to be bound with respect to its obligations hereunder as the holder of such shares and (IV) no such purported Transfer in violation of this Agreement shall be registered by the Company which issued such shares on its books of registry.

Effect of Void Transfers. In the event of any purported Transfer of any shares of Common Stock in violation of the provisions of this Agreement, such purported Transfer shall, to the extent permitted by applicable law, be void and of no effect, and, until such time as a Transfer in compliance with this Agreement shall have occurred, (Ia) no dividend of any kind whatsoever nor any distribution pursuant to liquidation or otherwise shall be paid to the purported Transferee in respect of such shares, (IIb) the voting rights of such shares, if any, on any matter whatsoever shall remain vested in the Transferor, (IIIc) the Transferor shall continue to be bound with respect to its obligations hereunder as the holder of such shares and (IVd) no such purported Transfer in violation of this Agreement shall be registered by the Company which issued such shares on its books of registry.

Effect of Void Transfers. In the event of any purported Transfer of any shares of Common Stock in violation of the provisions of this Agreement, such purported Transfer shall, to the extent permitted by applicable lawapplxxxxxx.xxx, be xx void and of no effect, and, until such time as a Transfer in compliance with this Agreement shall have occurred, (I) no dividend of any kind whatsoever nor any distribution pursuant to liquidation or otherwise shall be paid to the purported Transferee in respect of such shares, (II) the voting rights of such shares, if any, on any matter whatsoever shall remain vested in the Transferor, (III) the Transferor shall continue to be bound with respect to its obligations hereunder as the holder of such shares and (IV) no such purported Transfer in violation of this Agreement shall be registered by the Company which issued such shares on its books of registry.