Common use of Failure to Effect Transfer Clause in Contracts

Failure to Effect Transfer. If, within 90 days after GKH's delivery of the notice required pursuant to Section 2.3(b), GKH shall not have completed the Disposition of its Stock and that of the Non-GKH Holders in accordance herewith, GKH shall return to the Non-GKH Holders the documents and instruments which the Non-GKH Holders shall have delivered pursuant to this Section 2.3. Upon the Non-GKH Holder's receipt of such documents, all the restrictions on Disposition contained in this Agreement with respect to the Stock owned by the Stockholders shall again be in effect.

Appears in 2 contracts

Samples: Stockholders Agreement (Hanover Compressor Co), Stockholders Agreement (Hanover Compressor Co)

AutoNDA by SimpleDocs

Failure to Effect Transfer. If, within 90 days after GKH's delivery of the notice required pursuant to Section 2.3(b), GKH shall has not have completed the Disposition of its Stock and that of the Non-GKH Holders in accordance herewith, GKH shall return to the Non-GKH Holders (i) the documents and instruments assignments with respect to the Non-GKH Holders' Stock which the Non-GKH Holders shall have delivered pursuant to this Section 2.32.3 and (ii) the related limited power-of-attorney. Upon the Non-GKH Holder's receipt of such documentsmaterials, all the restrictions on Disposition contained in this Agreement with respect to the Stock owned by the Stockholders shall again be in effect.

Appears in 1 contract

Samples: Stockholders Agreement (Hanover Compressor Co)

Failure to Effect Transfer. If, within 90 days after GKH's delivery of the notice required pursuant to Section 2.3(b2.2(b), GKH shall not have completed the Disposition of its Stock and that of the Non-GKH Holders in accordance herewith, GKH shall return to the Non-GKH Holders the documents and instruments which the Non-GKH Holders shall have delivered pursuant to this Section 2.32.2. Upon the Non-GKH Holder's receipt of such documents, all the restrictions on Disposition contained in this Agreement with respect to the Stock owned by the Stockholders shall again be in effect.

Appears in 1 contract

Samples: Stockholders Agreement (Hanover Compressor Co)

AutoNDA by SimpleDocs

Failure to Effect Transfer. If, within 90 days after GKH's delivery of the notice required pursuant to Section 2.3(b2.1(b), GKH shall not have completed the Disposition of its Stock and that of the Non-GKH Holders in accordance herewith, GKH shall return to the Non-GKH Holders the documents and instruments which the Non-GKH Holders shall have delivered pursuant to this Section 2.32.1. Upon the Non-GKH Holder's receipt of such documents, all the restrictions on Disposition contained in this Agreement with respect to the Stock owned by the Stockholders shall again be in effect.

Appears in 1 contract

Samples: Stockholders Agreement (Hanover Compressor Co)

Time is Money Join Law Insider Premium to draft better contracts faster.