Common use of Impermissible Transfer Clause in Contracts

Impermissible Transfer. Any attempted Transfer of shares of Common Stock (or LTIP Units or Common Units, as the case may be) not permitted under the terms of this Section 6 shall be null and void, and the Company shall not in any way give effect to any such impermissible Transfer.

Appears in 2 contracts

Sources: Ltip Unit Award Agreement (International Market Centers, Inc.), Ltip Unit Award Agreement (International Market Centers, Inc.)