Common use of Transfer Restricted Clause in Contracts

Transfer Restricted. No Shareholder Interest in the Company may be transferred to a Person without the prior written unanimous approval of (a) all of the Managers and (b) Shareholders holding Shares constituting at least a majority of all Shares. No Shareholder may Dispose of such Shareholder’s Economic Interest in the Company evidenced by the Shares unless such Disposition is a Permitted Disposition.

Appears in 1 contract

Samples: Operating Agreement (Phoenix Container, Inc.)

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Transfer Restricted. No Except for a transfer in accordance with Article 16, no Shareholder Interest in the Company may be transferred to a Person without the prior written unanimous approval of (a) all of the Managers and (b) Shareholders holding Shares constituting at least a majority 66.67% of all Shares. No Shareholder may Dispose of such Shareholder’s Economic Interest in the Company evidenced by the Shares unless such Disposition is a Permitted Disposition.

Appears in 1 contract

Samples: Operating Agreement (Aptitude Solutions, Inc.)

Transfer Restricted. No Shareholder Interest in the Company or Corporation owning an interest in the Company may be transferred to a Person without the prior written unanimous approval of (a) all of the Managers and (b) Shareholders holding Shares constituting at least a majority fifty percent (50%) of all Shares. No Shareholder may Dispose of such Shareholder’s 's Economic Interest in the Company evidenced by the Shares unless such Disposition is a Permitted Disposition.

Appears in 1 contract

Samples: Operating Agreement (National Boston Medical Inc)

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Transfer Restricted. No Shareholder Interest in the Company or Corporation owning an interest in the Company may be transferred to a Person without the prior written unanimous approval of (a) all of the Managers and (b) Shareholders holding Shares constituting at least a majority two-thirds (66.67%) of all Shares. No Shareholder may Dispose of such Shareholder’s 's Economic Interest in the Company evidenced by the Shares unless such Disposition is a Permitted Disposition.

Appears in 1 contract

Samples: Operating Agreement (National Boston Medical Inc)

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