Common use of Stock Transfer Restrictions Clause in Contracts

Stock Transfer Restrictions. The Purchaser shall not sell, assign, pledge, give away or otherwise transfer (a "Transfer") any Shares except in accordance with the procedures set forth in this Agreement. Any attempted Transfer of Shares not permitted by this Agreement shall be null and void, and the Company shall not in any way give effect to any such Transfer. Any proposed Transfer of Shares shall be null and void, and the Company shall not in any way give effect to any such Transfer, unless the transferee of such Shares who is not, immediately prior to such Transfer, the Purchaser shall agree in writing to be bound by and comply with the provisions of this Agreement

Appears in 1 contract

Samples: Securities Purchase and Stockholders' Agreement (Heafner Tire Group Inc)

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Stock Transfer Restrictions. The Purchaser None of the Purchasers shall not sell, assign, pledge, give away or otherwise transfer (a "Transfer") any Shares except in accordance with the procedures set forth in this Agreement. Any attempted Transfer of Shares not permitted by this Agreement shall be null and void, and the Company shall not in any way give effect to any such Transfer. Any proposed Transfer of Shares shall be null and void, and the Company shall not in any way give effect to any such Transfer, unless the transferee of such Shares who is not, immediately prior to such Transfer, the a Purchaser shall agree in writing to be bound by and comply with the provisions of this Agreement.

Appears in 1 contract

Samples: Securities Purchase and Stockholders' Agreement (Phoenix Racing Inc)

Stock Transfer Restrictions. The Purchaser None of the Purchasers shall not sell, assign, pledge, give away or otherwise transfer (a "Transfer") any Shares except in accordance with the procedures set forth in this Agreement. Any attempted Transfer of Shares not permitted by this Agreement shall be null and void, and the Company shall not in any way give effect to any such Transfer. Any proposed Transfer of Shares shall be null and void, and the Company shall not in any way give effect to any such Transfer, unless the transferee of such Shares who is not, immediately prior to such Transfer, the a Purchaser shall agree in writing to be bound by and comply with the provisions of this Agreement

Appears in 1 contract

Samples: Securities Purchase and Stockholders' Agreement (California Tire Co)

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Stock Transfer Restrictions. The Purchaser shall not sell, assign, pledge, give away or otherwise transfer (a "Transfer") any Shares except in accordance with the procedures set forth in this Agreement. Any attempted Transfer of Shares not permitted by this Agreement shall be null and void, and the Company shall not in any way give effect to any such Transfer. Any proposed Transfer of Shares shall be null and void, and the Company shall not in any way give effect to any such Transfer, unless the transferee of such Shares who is not, immediately prior to such Transfer, the Purchaser a Management Stockholder shall agree in writing to be bound by and comply with the provisions of this Agreement

Appears in 1 contract

Samples: Phoenix Racing Inc

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