Common use of Improper Transfer Clause in Contracts

Improper Transfer. (a) Any attempt to Transfer any Common Stock not in compliance with this Agreement will be null and void and neither the Company nor any transfer agent of the Company will register, or otherwise recognize in the Company's records, any such improper Transfer. Any cost or loss incurred as a result of any such attempt to transfer shall be borne by the Stockholder who attempted to Transfer. (b) No Stockholder will enter into any transaction or series of transactions for the purpose or with the effect of, directly or indirectly, denying or impairing the rights or obligations of any Person under this Agreement, and any such transaction will be null and void and, to the extent that such transaction requires any action by the Company, it will not be registered or otherwise recognized in the Company's records or otherwise.

Appears in 2 contracts

Sources: Stockholders Agreement (Childrens Place Retail Stores Inc), Stockholders Agreement (Childrens Place Retail Stores Inc)

Improper Transfer. (a) Any attempt to Transfer any Common Stock Securities not in compliance with this Agreement will be null and void and neither the Company nor any transfer agent of the Company will register, or otherwise recognize in the Company's records, any such improper Transfer. Any cost or loss incurred as a result of any such attempt to transfer shall be borne by the Stockholder who attempted to such improper Transfer. (b) No Stockholder will enter into any transaction or series of transactions for the purpose or with the effect of, directly or indirectly, denying or impairing the rights or obligations of any Person under this Agreement, and any such transaction will be null and void and, to the extent that such transaction requires any action by the Company, it will not be registered or otherwise recognized in the Company's records or otherwise.

Appears in 2 contracts

Sources: Stockholders Agreement (Frisby Technologies Inc), Stockholders Agreement (Frisby Technologies Inc)

Improper Transfer. (a) Any attempt to Transfer any Common Stock Founder Shares not in compliance with this Agreement will be null and void and neither the Company nor any transfer agent of the Company will register, or otherwise recognize in the Company's records, any such improper Transfer. Any cost or loss incurred as a result of any such attempt to transfer shall be borne by the Stockholder who attempted to such improper Transfer. (b) No Stockholder will enter into any transaction or series of transactions for the purpose or with the effect of, directly or indirectly, denying or impairing the rights or obligations of any Person under this Agreement, and any such transaction will be null and void and, to the extent that such transaction requires any action by the Company, it will not be registered or otherwise recognized in the Company's records or otherwise.

Appears in 1 contract

Sources: Stockholders Agreement (Frisby Technologies Inc)

Improper Transfer. (a) (a) Any attempt to Transfer any Common Stock Founder Shares not in compliance with this Agreement will be null and void and neither the Company nor any transfer agent of the Company will register, or otherwise recognize in the Company's records, any such improper Transfer. Any cost or loss incurred as a result of any such attempt to transfer shall be borne by the Stockholder who attempted to such improper Transfer. (b) No Stockholder will enter into any transaction or series of transactions for the purpose or with the effect of, directly or indirectly, denying or impairing the rights or obligations of any Person under this Agreement, and any such transaction will be null and void and, to the extent that such transaction requires any action by the Company, it will not be registered or otherwise recognized in the Company's records or otherwise.

Appears in 1 contract

Sources: Stockholders Agreement (Frisby Technologies Inc)

Improper Transfer. (a) Any attempt to Transfer any Common Stock Securities not in compliance with this Agreement will be null and void and of no force or effect and neither the Company nor any transfer agent of the Company will register, or otherwise recognize in the Company's ’s records, any such improper Transfer. Any cost or loss incurred as a result of any such attempt to transfer shall be borne by the Stockholder who attempted to Transfer. (b) No Stockholder will enter into any transaction or series of transactions for the purpose or with the effect of, directly or indirectly, denying or impairing the rights or obligations of any Person under this Agreement, and any such transaction will be null and void and, to the extent that such transaction requires any action by the an Company, it will not be registered or otherwise recognized in the Company's ’s records or otherwise.

Appears in 1 contract

Sources: Stockholders Agreement (Chuy's Holdings, Inc.)

Improper Transfer. (a) Any attempt to Transfer any Common Stock Shares not in compliance with this Agreement will be null and void and of no force or effect and neither the Company nor any transfer agent of the Company will register, or otherwise recognize in the Company's ’s records, any such improper Transfer. Any cost or loss incurred as a result of any such attempt to transfer shall be borne by the Stockholder who attempted to Transfer. (b) No Stockholder Shareholder will enter into any transaction or series of transactions for the purpose or with the effect of, directly or indirectly, denying or impairing the rights or obligations of any Person under this AgreementArticle II, and any such transaction will be null and void and, to the extent that such transaction requires any action by the an Company, it will not be registered or otherwise recognized in the Company's ’s records or otherwise.

Appears in 1 contract

Sources: Shareholder Agreement (Nii Holdings Inc)

Improper Transfer. (a) Any attempt to Transfer any Common Stock Founder Shares ----------------- not in compliance with this Agreement will be null and void and neither the Company nor any transfer agent of the Company will register, or otherwise recognize in the Company's records, any such improper Transfer. Any cost or loss incurred as a result of any such attempt to transfer shall be borne by the Stockholder who attempted to such improper Transfer. (b) No Stockholder will enter into any transaction or series of transactions for the purpose or with the effect of, directly or indirectly, denying or impairing the rights or obligations of any Person under this Agreement, and any such transaction will be null and void and, to the extent that such transaction requires any action by the Company, it will not be registered or otherwise recognized in the Company's records or otherwise.

Appears in 1 contract

Sources: Stockholders Agreement (Frisby Technologies Inc)