Common use of Transfer of Equity Interest Clause in Contracts

Transfer of Equity Interest. (a) Neither Party A nor Party B shall sell, give, assign, transfer or otherwise dispose of any Equity Interest or any right, title or interest therein or thereto (each, a “Transfer”) to any third party (a “Transferee”) without the prior written consent of the other Party, except as expressly permitted by this Section 6.6. Any purported Transfer in violation of this Section 6.6 shall be null and void ab initio, and the Company and the Parties shall not register or recognize any such Transfer.

Appears in 2 contracts

Samples: Equity Joint Venture Contract, Equity Joint Venture Contract (1295728 Alberta ULC)

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Transfer of Equity Interest. (a) Neither Party A nor Party B shall sell, give, assign, transfer or otherwise dispose of any Equity Interest or any right, title or interest therein or thereto (each, a “Transfer”) to any third party (a “Transferee”) without the prior written consent of the other Party, except as expressly permitted by this Section 6.65.6. Any purported Transfer in violation of this Section 6.6 5.6 shall be null and void ab initio, and the Company and the Parties shall not register or recognize any such Transfer.

Appears in 1 contract

Samples: Equity Joint Venture Contract (Unifi Inc)

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Transfer of Equity Interest. (a) Neither Party A nor Party B shall sell, give, assign, transfer or otherwise dispose of any Equity Interest equity interest in the Company or any right, title or interest therein or thereto (each, a “Transfer”) to any third party Person (a “Transferee”) without the prior written consent of the other Party, except as expressly permitted by this Section 6.65.6(b) below. Any purported Transfer in violation of this Section 6.6 5.6(a) shall be null and void ab initio, and the Company and the Parties shall not register or recognize any such Transfer.

Appears in 1 contract

Samples: Equity Joint Venture Contract (Noble International, Ltd.)

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