Common use of Restriction on Transfer; Other Restrictions Clause in Contracts

Restriction on Transfer; Other Restrictions. 3.1 Each Stockholder agrees not to Transfer or agree to Transfer any Shares or Rights owned of record or Beneficially Owned by such Stockholder, except as otherwise permitted by this SECTION 3 or pursuant to the VoiceStream Reorganization Agreement or the DT Merger Agreement, Transfers to any Affiliate of the Stockholder who agrees in writing to be bound by the terms of this Agreement or Transfers which occur by operation of law if the transferee remains, or agrees in writing to remain, bound by the terms of this Agreement, other than, in each case, with VoiceStream's prior written consent.

Appears in 7 contracts

Samples: Powertel Stockholders Agreement (Voicestream Wireless Corp /De), Powertel Stockholders Agreement (Voicestream Wireless Corp /De), Powertel Stockholders Agreement (Voicestream Wireless Corp /De)

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