Common use of Protections Against Violations of Agreement Clause in Contracts

Protections Against Violations of Agreement. No purported sale, assignment, mortgage, hypothecation, transfer, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any of the Restricted Shares or Option Shares by any holder thereof in violation of the provisions of this Agreement, the Stockholders Agreement or the Certificate of Incorporation or the Bylaws of the Company, will be valid, and the Company will not transfer any of said Restricted Shares or Option Shares on its books nor will any of the Restricted Shares or Option Shares be entitled to vote, nor will any dividends be paid thereon, unless and until there has been full compliance with such provisions to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu of any other remedies, legal or equitable, available to enforce such provisions.

Protections Against Violations of Agreement. No purported sale, assignment, mortgage, hypothecation, transfer, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any of the Restricted Shares or Option Shares by any holder thereof in violation of the provisions of this Agreement, the Stockholders Agreement Agree ment or the Certificate of Incorporation or the Bylaws of the Company, will be valid, and the Company will not transfer any of said Restricted Shares or Option Shares on its books nor will any of the Restricted Shares or Option Shares be entitled to vote, nor will any dividends be paid thereon, unless and until there has been full compliance with such provisions to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu of any other remedies, legal or equitable, available to enforce such provisions.