Minimum Transfers Sample Clauses

Minimum Transfers. No Holder of a Warrant may transfer any Warrant in part in denominations of less than 5% of the aggregate number of all shares of Common Stock into which all Warrants at the time outstanding are exercisable (or such lesser amount as shall constitute such Holder's entire investment in the Warrants).

Minimum Transfers. Series A Securities may only be transferred ----------------- in minimum blocks of $100,000 aggregate liquidation amount until such Series A Securities are registered pursuant to an effective registration statement filed under the Securities Act.

Minimum Transfers. Debentures may only be transferred in minimum ----------------- blocks of $100,000 and integral multiples of $1,000 in excess thereof.

Minimum Transfers. The Capital Securities will be issued, and may be transferred, only in blocks having a liquidation amount (before giving effect to any partial redemption) of not less than $100,000 (100 Capital Securities). Any transfer, sale or other disposition of the Capital Securities in a block having a liquidation amount (before giving effect to any partial redemption) of less than $100,000 shall be deemed to be void and of no legal effect whatsoever. Any such transferee shall be deemed not to be the Holder of such Capital Securities for any purpose, including but not limited to the receipt of Distributions on such Capital Securities, and such transferee shall be deemed to have no interest whatsoever in such Capital Securities. All Capital Securities will bear the following legend: THIS CAPITAL SECURITY WILL BE ISSUED, AND MAY BE TRANSFERRED, ONLY IN BLOCKS HAVING A LIQUIDATION AMOUNT (BEFORE GIVING EFFECT TO ANY PARTIAL REDEMPTION) OF NOT LESS THAN $100,000 (100 CAPITAL SECURITIES). ANY TRANSFER, SALE OR OTHER DISPOSITION OF THE CAPITAL SECURITIES IN A BLOCK HAVING A LIQUIDATION AMOUNT (BEFORE GIVING EFFECT TO ANY PARTIAL REDEMPTION) OF LESS THAN $100,000 SHALL BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT WHATSOEVER. ANY SUCH TRANSFEREE SHALL BE DEEMED NOT TO BE THE HOLDER OF SUCH CAPITAL SECURITIES FOR ANY PURPOSE, INCLUDING BUT NOT LIMITED TO THE RECEIPT OF DISTRIBUTIONS ON SUCH CAPITAL SECURITIES, AND SUCH TRANSFEREE SHALL BE DEEMED TO HAVE NO INTEREST WHATSOEVER IN SUCH CAPITAL SECURITIES.

Minimum Transfers. Notwithstanding anything to the contrary ----------------- herein, no Purchaser may transfer less than 400,000 Registrable Securities (subject to appropriate adjustment for a stock split, stock dividend, reorganization, reclassification or other similar event with respect to the Preferred Stock) to any transferee; provided, however, that a Purchaser may ----------------- transfer any number of shares to another Purchaser, to an affiliate of the Company, to a stockholder of the Company or, if such Purchaser is a partnership, corporation or limited liability company, to a partner, stockholder or member thereof, and provided, further, that any Purchaser holding 400,000 or fewer ----------------- Registrable Securities may only transfer such Registrable Securities to another Purchaser, to any affiliate of the Company, to any stockholder of the Company or to no more than two other transferees. The foregoing restrictions shall not apply to transfers of Registrable Securities once the Company becomes subject to the reporting requirements of Section 12 of the Exchange Act.