Attempted transfer Clause Samples
The "Attempted transfer" clause defines the legal consequences when a party tries to transfer its rights or obligations under an agreement without proper authorization or in violation of the contract's terms. Typically, this clause states that any such unauthorized transfer is either void or ineffective, meaning the rights or obligations remain with the original party. For example, if a party attempts to assign its contractual duties to a third party without the required consent, the transfer will not be recognized by the other party or by law. This clause's core function is to prevent unauthorized changes to the parties involved in the contract, thereby maintaining control and predictability over who is responsible for fulfilling contractual obligations.
Attempted transfer. The shares are subject to forfeiture in the discretion of the administrative authority if Grantee attempts to sell, assign, transfer, pledge, or otherwise dispose of or encumber them during the applicable restricted periods.
Attempted transfer. The units are subject to forfeiture in the discretion of the administrative authority if Grantee attempts to sell, assign, transfer, pledge, or otherwise dispose of or encumber them during the applicable restricted periods.
Attempted transfer. Any attempt to transfer any interest in the Company in violation of the provisions of this Agreement shall be null and void, ab initio. The Members will be excused from accepting the performance of, and rendering performance to, any person other than the Member hereunder (including any trustee or assignee of or for such Member) unless the provisions of this Article have been satisfied.
Attempted transfer. Any attempted Transfer by the Seller of any of its rights or interest in the Company or this Agreement except as permitted by ARTICLE 10;
Attempted transfer. In the event that a Shareholder shall attempt to transfer any of his Shares other than pursuant to a Permitted Transfer or other than in the manner expressly authorized in this Section 3;