Wrongful Transfer Clause Samples
Wrongful Transfer. Subject to Sections 2.1 and 2.2 hereof, no sale, ----------------- pledge, hypothecation, transfer, encumbrance, assignment, gift or other disposition by a Shareholder of any of his Shares shall be effective, unless and until: (i) he has first complied with all the provisions of this Agreement, and (ii) his transferee shall take such Shares subject to the terms of this Agreement, and shall agree in writing to become a party to this Agreement as a Shareholder and be bound by all of the terms, conditions and provisions hereof. If a Shareholder fails to comply with this Agreement, the Corporation shall have the right to compel such Shareholder or any transferee to transfer and deliver his Shares in accordance with the provisions of this Agreement.
Wrongful Transfer. If this Lease shall be assigned or transferred, or if the Premises shall be sublet, by Tenant to any other person or party except in the manner permitted in this Lease.
Wrongful Transfer. Subject to Section 2.1, no sale, pledge, ----------------- hypothecation, transfer, encumbrance, assignment, gift or other disposition by a Non-Voting Shareholder of any of his Shares shall be effective, unless and until: (i) he has first complied with all the provisions of this Agreement, and (ii) such transferee shall take such Shares subject to the terms of this Agreement, shall agree in writing to become a party to this Agreement and be bound by all of the terms, conditions and provisions hereof. If a Non-Voting Shareholder fails to comply with this Agreement, the Voting Shareholders and/or the Corporation shall have the right to compel such Non-Voting Shareholder or any transferee to transfer and deliver his or its Shares in accordance with the provisions of this Agreement.
Wrongful Transfer. Any Transfer or attempt to Transfer by the General Partner of its Percentage Interest in violation of this Agreement shall be null and void. A Transfer of more than fifty percent (50%) of the Partnership Interest of the General Partner shall be considered a "Transfer" of its Partnership Interest for the purposes hereof.