Common use of Failure to Effect Transfer Clause in Contracts

Failure to Effect Transfer. In the event that any Stockholder elects to exercise its rights of inclusion under this Section 2.4 as a Participating Stockholder, and if, within 90 days after GKH's delivery of the copy of the Bona Fide Purchaser's offer pursuant to Section 2.4(b), GKH has not completed the Disposition of its Stock and that of the Participating Stockholders in accordance herewith, GKH shall return to each Participating Stockholder the documents and instruments which such Participating Stockholder delivered for Disposition pursuant to this Section 2.4. Upon the Participating Stockholders' receipt of such documents and instruments, 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)

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Failure to Effect Transfer. In the event that any Stockholder elects to exercise its rights of inclusion under this Section 2.4 as a Participating Stockholder, and if, within 90 60 days after GKH's delivery of the copy of the Bona Fide Purchaser's offer pursuant to Section 2.4(b), GKH has not completed the Disposition of its Stock and that of the Participating Stockholders in accordance herewith, GKH shall return to each Participating Stockholder (i) the documents and instruments assignments with respect to each Participating Stockholder's Stock which such each Participating Stockholder delivered for Disposition pursuant to this Section 2.42.4 and (ii) the related limited power-of- attorney. Upon the Participating Stockholders' receipt of such documents and instrumentsmaterials, 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. In the event that any Stockholder elects to exercise its rights of inclusion under this Section 2.4 2.3 as a Participating Stockholder, and if, within 90 days after GKH's delivery of the copy of the Bona Fide Purchaser's offer pursuant to Section 2.4(b2.3(b), GKH has not completed the Disposition of its Stock and that of the Participating Stockholders in accordance herewith, GKH shall return to each Participating Stockholder the documents and instruments which such Participating Stockholder delivered for Disposition pursuant to this Section 2.42.3. Upon the Participating Stockholders' receipt of such documents and instruments, all the restrictions on Disposition contained in this Agreement with respect to the Stock owned by the Stockholders shall again be in effect.such

Appears in 1 contract

Samples: Stockholders Agreement (Hanover Compressor Co)

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Failure to Effect Transfer. In the event that any Stockholder elects to exercise its rights of inclusion under this Section 2.4 2.2 as a Participating Stockholder, and if, within 90 days after GKH's delivery of the copy of the Bona Fide Purchaser's offer pursuant to Section 2.4(b2.2(b), GKH has not completed the Disposition of its Stock and that of the Participating Stockholders in accordance herewith, GKH shall return to each Participating Stockholder the documents and instruments which such Participating Stockholder delivered for Disposition pursuant to this Section 2.42.2. Upon the Participating Stockholders' receipt of such documents and instruments, 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)

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