Restrictions on Transferability Registration Rights Clause Samples
The "Restrictions on Transferability; Registration Rights" clause defines the limitations and conditions under which a party may transfer or sell their interest in securities, as well as the rights related to registering those securities for public sale. Typically, this clause outlines scenarios where transfers are prohibited or require prior approval, and details the process by which holders can demand or participate in the registration of their securities with regulatory authorities. Its core function is to control the flow of ownership and ensure compliance with securities laws, while also providing a mechanism for investors to eventually sell their holdings in public markets.
Restrictions on Transferability Registration Rights. The Restricted Securities shall not be transferable except upon the conditions specified in this Section 3; provided that, notwithstanding any other provision of this Section 3, each Seller shall have the right to transfer any Restricted Securities upon the prior written consent of NGSG. Each transferee shall be subject to the same transfer restrictions imposed on Sellers by this Agreement. All rights and obligations of Sellers set forth in this Section 3 will inure to the benefit of and be binding upon any transferee of the Restricted Securities.
Restrictions on Transferability Registration Rights. The Company covenants and agrees as follows:
Restrictions on Transferability Registration Rights. The Restricted Securities shall not be transferable except upon the conditions specified in this SECTION 4; provided that, notwithstanding any other provisions of this SECTION 4, each Holder (and each other Person mentioned below in this clause) shall have the right to transfer any Restricted Securities to any Affiliate, fund participant, trust beneficiary, or limited partner of such Holder, any party to any investment management or other similar agreement with Trustco or Tamco, any fund, foundation, trust or other Person for whose benefit any such agreement with Trustco or Tamco relates or any trustee, custodian or nominee of or for any such Person. Each such transferee shall be subject to the same transfer restrictions imposed on the Holders by this Agreement. All rights and obligations of the Holders set forth in this SECTION 4 will inure to the benefit of and be binding upon any transferee of the Restricted Securities.
Restrictions on Transferability Registration Rights