Common use of Transfer of Preferred Shares Clause in Contracts

Transfer of Preferred Shares. (a) Subject to compliance with applicable law, the Investor (and any investment vehicles established and used by the Investor to purchase, hold, and sell Preferred Shares) shall be permitted to transfer, sell, assign or otherwise dispose of (each, a “Transfer”) all or a portion of the Preferred Shares at any time and from time to time, and the Recipient shall take all steps as may be reasonably requested by the Investor to facilitate the sale of the Preferred Shares, including, as set forth in Section 6.4, provided that:

Appears in 5 contracts

Samples: Securities Purchase Agreement (Bancplus Corp), Letter Agreement (Broadway Financial Corp \De\), Securities Purchase Agreement (PCB Bancorp)

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