Release of Liability. In the event any Shareholder shall Transfer all of the Common Shares held by such Shareholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 11 contracts
Samples: Shareholders’ Agreement (Enstar Group LTD), Shareholders’ Agreement (Enstar Group LTD), Voting and Shareholders’ Agreement (Enstar Group LTD)
Release of Liability. In the event any Shareholder Stockholder shall Transfer all of the Common Shares Stock held by such Shareholder Stockholder in compliance with the provisions of this Agreement (including, without limitation, if accompanied with the assignment of rights and obligations hereunder, the execution and delivery by the transferee of a Joinder Agreement) without retaining any interest therein, then such Shareholder Stockholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer, except in the case of fraud or intentional misconduct.
Appears in 7 contracts
Samples: Joinder Agreement (Aurora Acquisition Corp.), Joinder Agreement (Better Home & Finance Holding Co), Joinder Agreement (DiamondPeak Holdings Corp.)
Release of Liability. In the event any Shareholder Stockholder shall Transfer all of the Common Shares Stock held by such Shareholder Stockholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder Stockholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 6 contracts
Samples: Stockholders Agreement (GlassBridge Enterprises, Inc.), Stockholders Agreement (Viggle Inc.), Stockholders Agreement
Release of Liability. In the event any Shareholder shall Transfer all of the Common Shares Stock held by such Shareholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 4 contracts
Samples: Shareholders Agreement (Apollo Investment Corp), Shareholders Agreement (Highbridge Principal Strategies, LLC), Shareholders Agreement (Ameris Bancorp)
Release of Liability. In the event any Shareholder shall Transfer Transfers all of the Common Shares held by such Shareholder it in compliance with the provisions of this Agreement without retaining any interest therein, then such that Shareholder shall will cease to be a party to this Agreement and shall will be relieved and have no further liability arising hereunder for events occurring from and after the date of such that Transfer.
Appears in 3 contracts
Samples: Shareholders’ Agreement (Via Optronics AG), Shareholders’ Agreement (Via Optronics AG), Shareholders’ Agreement (Via Optronics AG)
Release of Liability. In the event any Shareholder shall Transfer all of the Common Shares Stock held by such Shareholder in compliance with the provisions of this Agreement (including, without limitation, if accompanied with the assignment of rights and obligations hereunder, the execution and delivery by the transferee of a Joinder Agreement) without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer, except in the case of any breach of this Agreement occurring prior to such Transfer.
Appears in 2 contracts
Samples: Lock Up Agreement (Vistas Media Acquisition Co Inc.), Lock Up Agreement (Anghami Inc)
Release of Liability. In the event If any Shareholder shall Transfer all of the Common Shares held by such Shareholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 2 contracts
Samples: Shareholder Agreement (Atlantica Yield PLC), Shareholder Agreement (Algonquin Power & Utilities Corp.)
Release of Liability. In Except as otherwise provided herein, in the event any Shareholder shall Transfer Transfers all of the Common Shares held by such Shareholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 2 contracts
Samples: Shareholders Agreement (Cannabis Global, Inc.), Shareholders Agreement (Cannabis Global, Inc.)
Release of Liability. In the event any Shareholder Stockholder shall Transfer all of the Common Shares Equity Securities held by such Shareholder Stockholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder Stockholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer; provided that with respect to such Transfer the transferee thereof shall have executed and delivered to the Stockholders and the Company a Joinder Agreement to the extent required by Section 3.01(d).
Appears in 2 contracts
Samples: Stockholders’ Agreement (Peak Resorts Inc), Stockholders’ Agreement (Peak Resorts Inc)
