Common use of Failure to Transfer Clause in Contracts

Failure to Transfer. 14.6.1 If the Defaulting Shareholder does not comply with its obligations in this Clause, the Company may authorise a person to execute and deliver the necessary transfer on its behalf. The Company may receive the purchase money in trust for the selling Shareholder and cause the buyer to be registered as the holder of the Shares. The receipt by the Company of the purchase money shall be a good discharge to the buyer (who shall not be bound to see to the application of those moneys). After the buyer has been registered as holder of the Sale Shares in purported exercise of these powers the validity of the proceedings shall not be questioned by any person.

Failure to Transfer. 14.6.1 12.6.1 If the Defaulting Shareholder does not comply with its obligations in this Clause, the Company may authorise a person to execute and deliver the necessary transfer on its behalf. The Company may receive the purchase money in trust for the selling Shareholder and cause the buyer to be registered as the holder of the Shares. The receipt by the Company of the purchase money shall be a good discharge to the buyer (who shall not be bound to see to the application of those moneys). After the buyer has been registered as holder of the Sale Shares in purported exercise of these powers the validity of the proceedings shall not be questioned by any person.

Failure to Transfer. 14.6.1 13.6.1 If the Defaulting selling Shareholder does not fails or refuses to comply with its obligations in this Clause, the Company may authorise a person to execute and deliver the necessary transfer on its behalf. The Company may receive the purchase money in trust for the selling Shareholder and cause the buyer to be registered as the holder of the SharesShares being sold. The receipt by of the Company of for the purchase money shall be a good discharge to the buyer (who shall not be bound to see to the application of those moneys). After the buyer has been registered as the holder of the Sale Shares shares being sold in purported exercise of these powers the validity of the proceedings shall not be questioned by any person.

Failure to Transfer. 14.6.1 24.6.1 If the Defaulting Shareholder does not comply with its obligations in this Clause, the Company may shall authorise a person to execute and deliver the necessary transfer on its behalf. The Company may shall receive the purchase money in trust for the selling Shareholder and cause the buyer to be registered as the holder of the Shares. The receipt by of the Company of for the purchase money shall be a good discharge to the buyer selling Shareholder (who shall not be bound to see to the application of those moneys). After the buyer has been registered as holder of the Sale Shares in purported exercise of these powers the validity of the proceedings shall not be questioned by any person.