Common use of Bona Fide Transfer Clause in Contracts

Bona Fide Transfer. If the Company determines that the information provided by the Holder in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company shall give the Holder written notice of the Holder’s failure to comply with the procedure described in this Section 12, and the Holder shall have no right to transfer the Shares without first complying with the procedure described in this Section 12. The Holder shall not be permitted to transfer the Shares if the proposed transfer is not bona fide.

Bona Fide Transfer. If the Company determines that the information provided by the Holder in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company shall give the Holder written notice of the Holder’s 's failure to comply with the procedure described in this Section 12, and the Holder shall have no right to transfer the Transfer Shares without first complying with the procedure described in this Section 12. The Holder shall not be permitted to transfer the Transfer Shares if the proposed transfer is not bona fide.