No Transfer of Fractions Sample Clauses

The "No Transfer of Fractions" clause prohibits the transfer or assignment of partial interests or fractional shares in a contract, asset, or right. In practice, this means that parties are only allowed to transfer their entire interest or share, rather than dividing it into smaller portions for separate transfer. For example, if a party owns a share in a company or a right under a contract, they must transfer the whole share or right, not just a part of it. This clause ensures administrative simplicity and prevents complications that could arise from multiple parties holding small, divided interests, thereby maintaining clarity and ease of management.
No Transfer of Fractions. No transfer of a fraction of a Unit or other interest in the Partnership may be made or will be recognized or entered into or recorded in the Register unless the transfer of such fraction is in connection with the transfer of all of the Units or other interests in the Partnership owned by a Limited Partner.
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No Transfer of Fractions. No transfer of a fraction of an LP Unit may be made or will be accepted or entered into the records of the Partnership without the consent of the General Partner.
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No Transfer of Fractions. No transfer of a fraction of an LP Unit may be made or will be accepted or entered into the records of the Partnership.
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Related to No Transfer of Fractions

  • No Transfer of Shares Such Selling Shareholder, directly or indirectly, has not entered into any commitment, transaction or other arrangement, including any prepaid forward contract, 10b5-1 plan or similar agreement, which transfers or may transfer any of the legal or beneficial ownership or any of the economic consequences of ownership of the Selling Shareholders Shares to be sold by such Selling Shareholder hereunder, except as has been previously disclosed in writing to the Underwriter.

  • Transfer of Stock Upon surrender to the Corporation or the transfer agent of the Corporation of a certificate for shares duly endorsed or accompanied by proper evidence of succession, assignation or authority to transfer, it shall be the duty of the Corporation to issue a new certificate to the person entitled thereto, cancel the old certificate and record the transaction upon its books.

  • No Transfer of License This license is personal to you and may not be sublicensed, assigned, or transferred by you to any other person without publisher's written permission.

  • No Transfers Except as provided in the last sentence of this Section 3(b), such Stockholder agrees not to, and to cause any record holder of its Subject Shares, not to, in any such case directly or indirectly, during the Applicable Period (i) Transfer or enter into any agreement, option or other arrangement (including any profit sharing arrangement) with respect to the Transfer of, any of its Subject Shares (or any interest therein) to any Person, other than the exchange of its Subject Shares for Parent Common Stock in accordance with the Merger Agreement or (ii) grant any proxies, or deposit any of its Subject Shares into any voting trust or enter into any voting arrangement, whether by proxy, voting agreement or otherwise, with respect to its Subject Shares, other than pursuant to this Agreement. Subject to the last sentence of this Section 3(b), such Stockholder further agrees not to commit or agree to take, and to cause any record holder of any of its Subject Shares not to commit or agree to take, any of the foregoing actions during the Applicable Period. Notwithstanding the foregoing, such Stockholder shall have the right to (a) Transfer its Subject Shares to an Affiliate if and only if such Affiliate shall have agreed in writing, in a manner acceptable in form and substance to Parent, (i) to accept such Subject Shares subject to the terms and conditions of this Agreement, and (ii) to be bound by this Agreement as if it were “a Stockholder” for all purposes of this Agreement; provided, however, that no such transfer shall relieve such Stockholder from its obligations under this Agreement with respect to any Subject Shares or (b) Transfer its Subject Shares in a transaction, such as a hedging or derivative transaction, with respect to which such Stockholder retains the sole right to vote, dispose of and exercise dissenters’ rights with respect to its Subject Shares during the Applicable Period; provided that no such transaction shall (x) in any way limit any of the obligations of such Stockholder under this Agreement, or (y) have any adverse effect on the ability of the Stockholders to perform their obligations under this Agreement.

  • No Transfer You may not transfer your rights or obligations.