Common use of Transfers Not In Compliance Clause in Contracts

Transfers Not In Compliance. In the event of any purported or attempted Transfer of Shares by a Stockholder that does not comply with this Agreement, the purported transferee or successor by operation of law shall not be deemed to be a stockholder of the Company for any purpose and shall not be entitled to any of the rights of a stockholder, including, without limitation, the right to vote the Shares or to receive a certificate for the Shares or any dividends or other distributions on or with respect to the Shares.

Appears in 8 contracts

Samples: Stockholders Agreement (Builders FirstSource, Inc.), Stockholders Agreement (Hayes Wheels International Inc), Stockholders Agreement (Builders FirstSource, Inc.)

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Transfers Not In Compliance. In the event of any A purported or attempted Transfer of Shares by a Stockholder that does not comply with the terms of this AgreementAgreement shall be void ab initio, and the purported transferee or successor by operation of law Law shall not be deemed to be a stockholder of the Company for any purpose and shall not be entitled to any of the rights of a stockholder, including, without limitation, the right to vote the Shares or to receive a certificate for the Shares Common Stock or any dividends or other distributions distribution on or with respect to the SharesCommon Stock.

Appears in 1 contract

Samples: Stockholders’ Agreement (Healthsouth Corp)

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Transfers Not In Compliance. In the event of any purported or attempted Transfer of Shares by a Stockholder that Xxxx does not comply with this Agreement, the purported transferee Transferee or successor by operation of law shall not be deemed to be a stockholder shareholder of the Company for any purpose and shall not be entitled to any of the rights of a stockholdershareholder, including, without limitation, the right to vote the Shares or to receive a certificate for the Shares or any dividends or other distributions on or with respect to the Shares.

Appears in 1 contract

Samples: Buy and Sell Agreement (Navarre Corp /Mn/)

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