Common use of Effect of Failure to Comply Clause in Contracts

Effect of Failure to Comply. (a) Any Proposed Transfer not made in compliance with the requirements of this Agreement (including without limitation this Section 6) shall be null and void ab initio, shall not be recorded on the books or register of the Company or its transfer agent and shall not be recognized by the Company. Each Party hereto acknowledges and agrees that any breach of this Agreement would result in substantial harm to the other Parties hereto for which monetary damages alone could not adequately compensate. Therefore, the Parties hereto unconditionally and irrevocably agree that any non-breaching Party hereto shall be entitled to seek protective orders, injunctive relief and other remedies available at law or in equity (including, without limitation, seeking specific performance or the rescission of purchases, sales and other transfers of Shares not made in strict compliance with this Agreement).

Appears in 11 contracts

Samples: Shareholders’ Agreement (Qiniu Ltd.), Shareholders’ Agreement (Qiniu Ltd.), Adherence Agreement (Burning Rock Biotech LTD)

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Effect of Failure to Comply. (a) Any Proposed Transfer not made in compliance with the requirements of this Agreement (including without limitation this Section 6) shall be null and void ab initio, shall not be recorded on the books or register of the Company or its transfer agent and shall not be recognized by the Company. Each Party hereto acknowledges and agrees that any breach of this Agreement would result in substantial harm to the other Parties hereto for which monetary damages alone could not adequately compensate. Therefore, the Parties hereto unconditionally and irrevocably agree that any non-breaching Party hereto shall be entitled to seek protective orders, injunctive relief and other remedies available at law or in equity (including, without limitation, seeking specific performance or the rescission of purchases, sales and other transfers of Shares shares not made in strict compliance with this Agreement).

Appears in 1 contract

Samples: Shareholders’ Agreement (Dingdong (Cayman) LTD)

Effect of Failure to Comply. (a) Any Proposed Transfer or Proposed Investor Transfer not made in compliance with the requirements of this Agreement (including without limitation this Section 6) shall be null and void ab initio, shall not be recorded on the books or register of the Company or its transfer agent and shall not be recognized by the Company. Each Party party hereto acknowledges and agrees that any breach of this Agreement Section 6 would result in substantial harm to the other Parties parties hereto for which monetary damages alone could not adequately compensate. Therefore, the Parties parties hereto unconditionally and irrevocably agree that any non-breaching Party party hereto shall be entitled to seek protective orders, injunctive relief and other remedies available at law Law or in equity (including, without limitation, seeking specific performance or the rescission of purchases, sales and other transfers of Shares not made in strict compliance with this AgreementSection 6).

Appears in 1 contract

Samples: Shareholders’ Agreement (Tarena International, Inc.)

Effect of Failure to Comply. (a) Any Proposed Transfer not made in compliance with the requirements of this Agreement (including without limitation this Section 66 and Section 7.3) shall be null and void ab initio, shall not be recorded on the books or register of the Company or its transfer agent and shall not be recognized by the Company. Each Party party hereto acknowledges and agrees that any breach of this Agreement would result in substantial harm to the other Parties parties hereto for which monetary damages alone could not adequately compensate. Therefore, the Parties parties hereto unconditionally and irrevocably agree that any non-breaching Party party hereto shall be entitled to seek protective orders, injunctive relief and other remedies available at law or in equity (including, without limitation, seeking specific performance or the rescission of purchases, sales and other transfers of Shares not made in strict compliance with this Agreement).

Appears in 1 contract

Samples: Shareholders’ Agreement (Spark Education LTD)

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Effect of Failure to Comply. (a) Any Proposed Transfer not made in compliance with the requirements of this Agreement (including without limitation this Section 6) shall be null and void ab initio, shall not be recorded on in the books or register of the Company or its transfer agent and shall not be recognized by the Company. Each Party hereto acknowledges and agrees that any breach of this Agreement would result in substantial harm to the other Parties hereto for which monetary damages alone could not adequately compensate. Therefore, the Parties hereto unconditionally and irrevocably agree that any non-breaching Party hereto shall be entitled to seek protective orders, injunctive relief and other remedies available at law or in equity (including, without limitation, seeking specific performance or the rescission of purchases, sales and other transfers Transfers of Shares not made in strict compliance with this Agreement).

Appears in 1 contract

Samples: Shareholders’ Agreement

Effect of Failure to Comply. (a) 8.1 Any Proposed proposed Transfer not made in compliance with the requirements of this Agreement (including without limitation this Section 6) shall be null and void ab initio, shall not be recorded on the books or register of the Company or its transfer agent and shall not be recognized by the Company. Each Party hereto acknowledges and agrees that any breach of this Agreement would result in substantial harm to the other Parties parties hereto for which monetary damages alone could not adequately compensate. Therefore, the Parties hereto unconditionally and irrevocably agree that any non-breaching Party hereto shall be entitled to seek protective orders, injunctive relief and other remedies available at law or in equity (including, without limitation, seeking specific performance or the rescission of purchases, sales and other transfers of Transfer Shares not made in strict compliance with this Agreement).

Appears in 1 contract

Samples: Shareholders Agreement (HOOKIPA Pharma Inc.)

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