Share Restrictions. Notwithstanding any provision herein to the contrary, but subject to the principles of Section 9 of Article X, any purchase or transfer or purported purchase or transfer of Shares to any person whose holding of the Shares of the Trust may cause the Trust to incur a liability for any tax imposed under the Code that would not otherwise be imposed but for the purchase or transfer of the Shares to such person, shall be void ab initio. Any Shares purportedly transferred to or retained by such a person may, at the option of the Trust, be repurchased by the Trust at the lesser of market value or net asset value at the time of repurchase. A legend describing the foregoing restrictions may be placed on share certificates if certificates are issued.
Share Restrictions. 4 Section 5.
Share Restrictions. The Vendors acknowledge that they will be subject to restrictions on the sale of shares of AXYN and the Purchaser, as the case may be, in accordance with the laws of the United States and Canada, the applicable securities regulations thereto and the terms of this Agreement. The Shares issued to the Vendors shall bear such restrictions on the face of the share certificates. The restrictions on the transfer of the common shares issued by the Purchaser pursuant to this Agreement shall be removed upon the Purchaser's compliance with applicable securities regulations in the relevant jurisdiction and in proportion to all other issued common shares of AXYN.
Share Restrictions. Shares issued to you shall not be restricted except for such limitations on transferability as may be imposed by applicable law.
Share Restrictions. The shares of Amalco may not be transferred without the prior approval of the board of directors of Amalco;
Share Restrictions. As described in Section 2.(bb) hereof, _______________________ shall have agreed in writing as to the matters set forth in such section.
Share Restrictions. Effective at, and subject to, the Closing, each Seller hereby waives any transfer restrictions or rights of first refusal or rights of first offer that such Seller had in the past, or has (whether by contract or otherwise), with respect to the transfer of the Stock to Buyer pursuant to the terms of this Agreement at or in connection with the Closing.
Share Restrictions. Payee represents and warrants to Maker as follows:
Share Restrictions. The Sellers, including the Founder Parties, shall not sell, charge, pledge, mortgage or otherwise encumber shares of capital stock or otherwise dispose of more than one third (1/3) of their respectively Issued ADSs in equal installments during each calendar year after the Conversion (the “Annual Sales Quota.), subject to customary compliance with the limitations on sale under Rule 144 of the Securities Act. For the avoidance of doubt, the Sellers, including the Founder Parties, are entitled to sell, charge, pledge, mortgage or otherwise encumber shares of capital stock or otherwise dispose of Annual Sales Quota from the calendar year the Conversion happened in.
