Attempted Transfers Void Clause Samples
The "Attempted Transfers Void" clause establishes that any effort to transfer rights or obligations under the agreement, without proper authorization, is invalid and has no legal effect. In practice, this means that if a party tries to assign, sell, or otherwise transfer their interests in the contract to another party without meeting the contract’s requirements—such as obtaining written consent from the other party—such a transfer will not be recognized. This clause serves to protect the parties by ensuring that only approved and legitimate transfers occur, thereby maintaining control over who is bound by or benefits from the agreement.
Attempted Transfers Void. Except as provided in this Article 5, no Transfer or attempted Transfer of the Units of any Unitholder, whether by absolute or by collateral assignment or otherwise, whether by gift or for valuable consideration, and no matter how conditioned, shall in any manner be effective or binding upon the other Unitholders or the Company, unless made in full compliance with the terms hereof.
Attempted Transfers Void. Except as provided in this Article 3 or pursuant to Article 4, no Transfer or attempted Transfer of the Shares of any Shareholder or Transfer of any interest in the Shares, whether by absolute or by collateral assignment or otherwise, whether by gift or for valuable consideration, and no matter how conditioned, shall in any manner be effective or binding upon the other Shareholders or the Company, unless made in full compliance with the terms hereof or with the express written consent of all parties hereto.
Attempted Transfers Void. Any attempted Transfer by Buyer of the Shares in violation of this Agreement is void.
Attempted Transfers Void. Any attempted Transfer by Liberty of LodgeNet Securities in violation of this Agreement is void.