Restrictions on Transfer and Ownership of Shares Sample Clauses

Restrictions on Transfer and Ownership of Shares. 40 Section 13.1. Definitions 40 Section 13.2. Ownership Limitations 42 Section 13.3. Remedies for Breach 43 Section 13.4. Notice of Restricted Transfer 44 Section 13.5. Owners Required To Provide Information 44 Section 13.6. Remedies Not Limited 44 Section 13.7. Ambiguity 44 Section 13.8. Exceptions 45 Section 13.9. Increase or Decrease in Aggregate Ownership and Common Share Ownership Limits 46 Section 13.10. Legend 46 Section 13.11. Transfer of Shares in Trust 47 Section 13.12. Enforcement 49 Section 13.13. Non-Waiver 49 Section 13.14. Severability 49 This AMENDED AND RESTATED OPERATING AGREEMENT OF FUNDRISE MIDLAND OPPORTUNISTIC REIT, LLC, is dated as of September 30, 2016. Capitalized terms used herein without definition shall have the respective meanings ascribed thereto in ‎Section 1.1 or Section 13.1.
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Restrictions on Transfer and Ownership of Shares. The provisions of this Section 9.13 shall be applicable to any series or class of shares of the Trust that elects to be taxed as a REIT and shall remain in full force and effect until prior to the Restriction Termination Date (as defined in this Section).
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Restrictions on Transfer and Ownership of Shares. REIT Qualification. If the Trust elects to qualify for federal income tax treatment as a REIT (as defined below in Section 12.1), the Board of Trustees shall use its reasonable best efforts to take such actions as are necessary or appropriate to preserve the status of the Trust as a REIT; however, if the Board of Trustees determines that it is no longer in the best interests of the Trust to attempt to, or continue to, qualify as a REIT, the Board of Trustees may revoke or otherwise terminate the Trust’s REIT election pursuant to Section 856(g) of the Code. The Board of Trustees, in its sole and absolute discretion, also may (a) determine that compliance with any restriction or limitation on stock ownership and transfers set forth in this Article XII is no longer required for REIT qualification and (b) make any other determination or take any other action pursuant to this Declaration or the Bylaws.
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Restrictions on Transfer and Ownership of Shares. 33 Section 13.1. Definitions 33 Section 13.2. Ownership Limitations 35 Section 13.3. Remedies for Breach 36 Section 13.4. Notice of Restricted Transfer 36 Section 13.5. Owners Required To Provide Information 36 Section 13.6. Remedies Not Limited 37 Section 13.7. Ambiguity 37 Section 13.8. Exceptions 37 Section 13.9. Increase or Decrease in Aggregate Ownership Limit 38 Section 13.11. Transfer of Shares in Trust 39 Section 13.12. Enforcement 40 Section 13.13. Non-Waiver 40 Section 13.14. Severability 40 EXHIBIT A – Form of Property Management Agreement
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Restrictions on Transfer and Ownership of Shares. Section 5.1 Definitions 10 Section 5.2 Equity Shares 12 5.2.1 Ownership Limitations 12 5.2.2 Remedies for Breach 13 5.2.3 Notice of Restricted Transfer 14 5.2.4 Owners Required to Provide Information 14 5.2.5 Ambiguity 14 5.2.6 Exceptions 15 5.2.7 Increase or Decrease in Ownership Limit 16 Section 5.3 Transfer of Equity Shares. 16 5.3.1 Ownership in Charitable Trust 16 5.3.2 Status of Shares Held by a Charitable Trustee 17 5.3.3 Ordinary Dividend and Voting Rights 17
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Restrictions on Transfer and Ownership of Shares. The provisions of this Section 9.13 shall be applicable to any series or class of shares of the Trust that elects to be taxed as a REIT and shall remain in full force and effect until prior to the Restriction Termination Date (as defined in this Section). 25 REDWOOD REAL ESTATE INCOME FUND AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST THIS AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST of Redwood Real Estate Income Fund, a Delaware statutory trust, made as of December 12, 2022, and as amended and restated on June 20, 2023, by the undersigned Trustees.
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Restrictions on Transfer and Ownership of Shares. REIT Qualification. If the Trust elects to qualify for federal income tax treatment as a REIT (as defined below in Section 12.1), the Board of Trustees shall use its reasonable best efforts to take such actions as are necessary or appropriate to preserve the status of the Trust as a REIT; however, if the Board of Trustees determines that it is no longer in the best interests of the Trust to attempt to, or continue to, qualify as a REIT, the Board of Trustees may revoke or otherwise terminate the Trust’s REIT election pursuant to Section 856(g) of the Code. The Board of Trustees, in its sole and absolute discretion, also may
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Restrictions on Transfer and Ownership of Shares 
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Related to Restrictions on Transfer and Ownership of Shares

  • Restrictions on Transfer of Shares No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement and, except pursuant to an Ownership Change Event, until the date on which such shares become Vested Shares, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

  • Restrictions on Transfer of Stock The shares of Common Stock granted hereunder may not be sold, tendered, assigned, transferred, pledged or otherwise encumbered prior to the earliest of:

  • Restrictions on Transfers of Shares Anything contained in this AGREEMENT or elsewhere to the contrary notwithstanding, the COMPANY may postpone the issuance and delivery of SHARES of the COMPANY upon any settlement of the AWARD until completion of any stock exchange listing or registration or other qualification of such SHARES under any state, federal or foreign law, rule or regulation as the COMPANY may consider appropriate; and may require PARTICIPANT in connection with the issuance of the SHARES to make such representations and furnish such information as the COMPANY may consider appropriate in connection with the issuance of the SHARES in compliance with applicable laws, rules and regulations. SHARES of the COMPANY issued and delivered upon settlement of the AWARD shall be subject to such restrictions on trading, including appropriate legending of certificates to that effect, as the COMPANY, in its discretion, shall determine are necessary to satisfy applicable laws, rules and regulations.

  • Restrictions on Transfer of Units Until the vesting of, and lapse of the restrictions applicable to, any Units and the delivery of Shares in payment therefor, Units may not be sold, transferred, pledged, exchanged, hypothecated or disposed of by you and shall not be subject to execution, attachment or similar process.

  • Restrictions on Transfers (a) Except as provided in Section 4.8(e), notwithstanding the other provisions of this Article IV, no transfer of any Partnership Interests shall be made if such transfer would (i) violate the then applicable federal or state securities laws or rules and regulations of the Commission, any state securities commission or any other governmental authority with jurisdiction over such transfer, (ii) terminate the existence or qualification of the Partnership under the laws of the jurisdiction of its formation, or (iii) cause the Partnership to be treated as an association taxable as a corporation or otherwise to be taxed as an entity for federal income tax purposes (to the extent not already so treated or taxed). The Partnership may issue stop transfer instructions to any Transfer Agent in order to implement any restriction on transfer contemplated by this Agreement.

  • Restrictions on Transfer of Restricted Shares The Restricted Shares subject to this grant may not be assigned, exchanged, pledged, sold, transferred or otherwise disposed of by Grantee, except to the Company, until the Restricted Shares have become nonforfeitable in accordance with Sections 3, 4 and 5 hereof. The Grantee’s rights with respect to such purported transfer in violation of the provisions of this Section 2 of this Agreement shall be null and void, and the purported transferee shall obtain no rights with respect to such Restricted Shares.

  • Restrictions on Transfer of Option This Agreement and the Option shall not be transferable otherwise than (a) by will or by the laws of descent and distribution or (b) by gift to any Family Member of the Optionee, and the Option shall be exercisable, during the Optionee’s lifetime, solely by the Optionee, except on account of the Optionee’s Permanent and Total Disability or death, and solely by the transferee in the case of a transfer by gift to a Family Member of the Optionee.

  • Restrictions on Transfer (a) The Preferred Stock and the Registrable Securities shall not be sold, pledged, or otherwise transferred, and the Company shall not recognize and shall issue stop-transfer instructions to its transfer agent with respect to any such sale, pledge, or transfer, except upon the conditions specified in this Agreement, which conditions are intended to ensure compliance with the provisions of the Securities Act. A transferring Holder will cause any proposed purchaser, pledgee, or transferee of the Preferred Stock and the Registrable Securities held by such Holder to agree to take and hold such securities subject to the provisions and upon the conditions specified in this Agreement.

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