Common use of Transfers Void Clause in Contracts

Transfers Void. The Investor agrees that it may not sell, give, transfer, assign or otherwise dispose of its Note or Warrant, except as expressly permitted by Section 3.2 hereof. Any purported sale, gift, transfer, assignment or other disposition, or pledge of or grant of security interest in, any Note or Warrant in violation of this Article III shall be null and void.

Appears in 5 contracts

Sources: Note and Warrant Purchase Agreement (Galaxy Nutritional Foods Inc), Note and Warrant Purchase Agreement (Galaxy Nutritional Foods Inc), Note and Warrant Purchase Agreement (Galaxy Nutritional Foods Inc)

Transfers Void. The Investor agrees that it may not sell, give, transfer, assign or otherwise dispose of its Note or Warrantthe Securities, except as expressly permitted by Section 3.2 hereof. Any purported sale, gift, transfer, assignment or other disposition, or pledge of or grant of security interest in, any Note or Warrant of the Securities in violation of this Article III shall be null and void.

Appears in 2 contracts

Sources: Note Purchase Agreement (Galaxy Nutritional Foods Inc), Note Purchase Agreement (Deluca Frederick A)