Exceptions to Restrictions. The provisions of Section 3.1 shall not apply to any of the following transfers: (a) Any transfer approved by each of the Lead Stockholders. (b) Any transfer from any Stockholder to one or more of its respective Permitted Assignees. (c) Any transfer of Shares, or Common Stock or Preferred Stock issuable upon conversion of such Shares, in accordance with Article 4 or 5 hereof. (d) Any bona fide pledge of the Shares, or Common Stock or Preferred Stock issuable upon conversion of such Shares, to a bank, financial institution or other lender.
Appears in 5 contracts
Sources: Stockholders' Agreement (Paine Webber Capital Inc), Stockholders' Agreement (Bonnybrook Trust), Stockholders' Agreement (Beacon Capital Partners Inc)
Exceptions to Restrictions. The provisions of Section 3.1 -------------------------- shall not apply to any of the following transfers:
(a) Any transfer approved by each of the Lead Stockholders.
(b) Any transfer from any Stockholder to one or more of its respective Permitted Assignees.
(c) Any transfer of Shares, or Common Stock or Preferred Stock issuable upon conversion of such Shares, in accordance with Article 4 or 5 hereof.
(d) Any bona fide pledge of the Shares, or Common Stock or Preferred Stock issuable upon conversion of such Shares, to a bank, financial institution or other lender.
Appears in 2 contracts
Sources: Stockholders' Agreement (Guayacan Private Equity Fund Lp), Stockholders' Agreement (Cke Associates LLC)