Common use of Limitation on Transfers Clause in Contracts

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), unless such Transfer is made in compliance with this Section 3. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 2 contracts

Samples: Shareholders Agreement (Bitauto Holdings LTD), Shareholders Agreement (Bitauto Holdings LTD)

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Limitation on Transfers. No Shareholder shall directly or indirectly sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), unless such Transfer is made in compliance with this Section 3. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 1 contract

Samples: Shareholders Agreement (JD.com, Inc.)

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a "Transfer"), unless such Transfer is made in compliance with except as expressly permitted by this Section 3Clause 6. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initiovoid, and the Company shall not register any such Transfer.

Appears in 1 contract

Samples: Joint Venture Agreement (Movado Group Inc)

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), unless such Transfer is made in compliance with except as expressly permitted by this Section 32. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 1 contract

Samples: Shareholders’ Agreement (Sohu Com Inc)

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, of or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, on any Shares or any right, title or interest therein or thereto (each, a “Transfer”), unless such Transfer is made in compliance with except as expressly permitted by this Section 3. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company such Transfer shall not confer on any transferee or purported transferee any rights whatsoever and no Party (including the Company) shall recognize or register any such Transfer.

Appears in 1 contract

Samples: Shareholders’ Agreement (58.com Inc.)

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Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), unless such Transfer is made in compliance with except as expressly permitted by this Section 36. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 1 contract

Samples: Shareholders’ Agreement (China Sunergy Co., Ltd.)

Limitation on Transfers. No Except as permitted in Section 3.1.1 hereof, no Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in in, or otherwise dispose of, or suffer to exist of (whether by operation of law law, or otherwise) any Encumbrance on, any Ordinary Shares or any right, title or interest therein or thereto (each, each a "Transfer"), unless other than in a bona fide sale of such Transfer is made Ordinary Shares in compliance accordance with the provisions of this Section 3Agreement. Any attempt to Transfer any Ordinary Shares in violation of the preceding sentence shall be null and void ab initio, initio and the Company shall not register any such Transfer.

Appears in 1 contract

Samples: Shareholders' Agreement (Ibeam Broadcasting Corp)

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), unless such Transfer is made in compliance with except as expressly permitted by this Section 3. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 1 contract

Samples: Shareholders’ Agreement (Bitauto Holdings LTD)

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