Common use of Legend and Stop Transfer Instructions Clause in Contracts

Legend and Stop Transfer Instructions. Immediately after the ------------------------------------- execution of this Agreement (and from time to time prior to the termination of this Agreement), each Shareholder, if the particular restriction is applicable to it, shall request the Company to provide that each certificate representing Securities beneficially owned by it will bear a legend in substantially the following form: THE SHARES REPRESENTED BY THIS CERTIFICATE (I) MAY NOT BE SOLD, EXCHANGED OR OTHERWISE TRANSFERRED OR DISPOSED OF EXCEPT IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE SHAREHOLDERS AGREEMENT, AND (II) ARE SUBJECT TO THE TERMS AND CONDITIONS OF THE SHAREHOLDERS AGREEMENT DATED AS OF FEBRUARY __, 2000, AND THE IRREVOCABLE PROXY REFERRED TO THEREIN, AS SUCH AGREEMENT MAY BE AMENDED FROM TIME TO TIME, AND COPIES OF WHICH ARE ON FILE AT THE PRINCIPAL EXECUTIVE OFFICES OF THE ISSUER. Immediately after the execution of this Agreement (and from time to time prior to the termination of this Agreement), each Shareholder shall request the Company to require that the transfer agent for its Securities shall make a notation in its records prohibiting the transfer of any of the Securities owned of record by such Shareholder, except in accordance with the terms and conditions of this Agreement. Each Shareholder agrees to surrender to the Company each certificate representing Securities in order to effectuate the provisions of this Section 17.

Appears in 2 contracts

Samples: Shareholders Agreement (Pameco Corp), Shareholders Agreement (Littlejohn Fund Ii L P)

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Legend and Stop Transfer Instructions. Immediately after the ------------------------------------- execution of this Agreement (and from time to time prior to the termination of this Agreement), each Shareholder, if the particular restriction is applicable to it, shall request the Company to provide that each certificate representing Securities beneficially owned by it will bear a legend in substantially the following form: THE SHARES REPRESENTED BY THIS CERTIFICATE (I) MAY NOT BE SOLD, EXCHANGED OR OTHERWISE TRANSFERRED OR DISPOSED OF EXCEPT IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE SHAREHOLDERS AGREEMENT, AND (II) ARE SUBJECT TO THE TERMS AND CONDITIONS OF THE SHAREHOLDERS AGREEMENT DATED AS OF FEBRUARY __18, 2000, AND THE IRREVOCABLE PROXY REFERRED TO THEREIN, AS SUCH AGREEMENT MAY BE AMENDED FROM TIME TO TIME, AND COPIES OF WHICH ARE ON FILE AT THE PRINCIPAL EXECUTIVE OFFICES OF THE ISSUER. Immediately after the execution of this Agreement (and from time to time prior to the termination of this Agreement), each Shareholder shall request the Company to require that the transfer agent for its Securities shall make a notation in its records prohibiting the transfer of any of the Securities owned of record by such Shareholder, except in accordance with the terms and conditions of this Agreement. Each Shareholder agrees to surrender to the Company each certificate representing Securities in order to effectuate the provisions of this Section 17.

Appears in 1 contract

Samples: Shareholders Agreement (Quilvest American Equity LTD/Three Cities Holdings LTD)

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Legend and Stop Transfer Instructions. Immediately after the ------------------------------------- execution of this Agreement (and from time to time prior to the termination of this Agreement), each ShareholderStockholder, if the particular restriction is applicable to it, shall request the Company and Newco to provide that each certificate representing Securities or Newco Common Stock beneficially owned by it will bear a legend in substantially the following form: THE SHARES REPRESENTED BY THIS CERTIFICATE (I) MAY NOT BE SOLD, EXCHANGED OR OTHERWISE TRANSFERRED OR DISPOSED OF EXCEPT IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE SHAREHOLDERS STOCKHOLDERS AGREEMENT, AND (II) ARE SUBJECT TO THE TERMS AND CONDITIONS OF THE SHAREHOLDERS STOCKHOLDERS AGREEMENT DATED AS OF FEBRUARY __MARCH 6, 20002001, AND THE IRREVOCABLE PROXY REFERRED TO THEREIN, AS SUCH AGREEMENT MAY BE AMENDED FROM TIME TO TIME, AND COPIES OF WHICH ARE ON FILE AT THE PRINCIPAL EXECUTIVE OFFICES OF THE ISSUER. Immediately after the execution of this Agreement (and from time to time prior to the termination of this Agreement), each Shareholder Stockholder shall request the Company to require that the transfer agent for its Securities shall make a notation in its records prohibiting the transfer of any of the Securities owned of record by such ShareholderStockholder, except in accordance with the terms and conditions of this Agreement. Each Shareholder Stockholder agrees to surrender to the Company each certificate representing Securities in order to effectuate the provisions of this Section 17.

Appears in 1 contract

Samples: Stockholders Agreement (Littlejohn Fund Ii L P)

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