Common use of Transfer Prohibition Clause in Contracts

Transfer Prohibition. RSH agrees that he will not (i) sell or otherwise dispose of, or grant any option with respect to, any of the Option Shares, RSH Class B Shares, RSH Class A Shares, RSH Contested Class A Shares, New Class A Shares, RSH Pledged Class A Shares or the Voting Trust Certificates without the prior written consent of Dart, except as provided in this Agreement, or (ii) create or permit to exist any Encumbrance (other than a Permitted Encumbrance) upon or with respect to any of the Buy/Sell Shares or the Voting Trust Certificates, except as provided in the Stock and Trust Certificate Pledge Agreement.

Appears in 2 contracts

Sources: Buy/Sell/Offering Agreement (Haft Ronald S), Buy/Sell/Offering Agreement (Dart Group Corp)