Common use of Approval Required for Transfer Clause in Contracts

Approval Required for Transfer. Except as otherwise provided herein, or except as may be approved by the Board of Directors (subject to approval by the General Meeting of Shareholders), none of the Parties nor any person acting by authority of or for any of the Parties shall Transfer any or all of its right, title or interest in its respective Shares or its Subordinated Shareholder Loans, all such right, title and interest of each of the Parties being personal and non-transferable and non-assignable except as otherwise specified in this Agreement.

Approval Required for Transfer. Except as otherwise provided herein, or except as may be approved in writing by all of the Board of Directors (subject to approval by the General Meeting of Shareholders)Parties, none of the Parties nor any person acting by authority of or for any of the Parties shall Transfer any or all of its right, title or interest in its respective Shares or its Subordinated Shareholder Loans, all such right, title and interest of each of the Parties being personal and non-transferable and non-assignable except as otherwise specified in this Agreement.

Approval Required for Transfer. Except as otherwise provided herein, or except as may be approved by the Board of Directors (subject to approval by the General Meeting of Shareholders), none of the Parties Shareholders nor any person acting by authority of or for any of the Parties Shareholders shall Transfer any or all of its right, title or interest in its respective Shares or its Subordinated Shareholder Loans, all such right, title and interest of each of the Parties Shareholders being personal and non-transferable and non-assignable except as otherwise specified in this Agreement.