Certain Transfers of Shares Void. Each Stockholder agrees that such Stockholder will not sell, transfer or dispose of (hereinafter collectively called "transfer") any Shares or any stock certificate representing the same now or hereafter at any time owned by such Stockholder without complying with the provisions of Section 4(b), (c) and (d) of this Agreement; provided, however, that nothing contained in Sections 4(b), 4(c) or 4(d) shall prevent or restrict a Stockholder from distributing, from time to time, its Shares to its members, partners or stockholders, as the case may be. Any transfer of the Shares in violation of this subsection (a) shall be void ab initio.
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Samples: Stockholders Agreement (Packaging Dynamics Corp), Stockholders Agreement (DCBS Investors LLC)
Certain Transfers of Shares Void. Each Stockholder agrees that such Stockholder will not sell, transfer or dispose of (hereinafter collectively called "transfer") any Shares or any stock certificate representing the same now or hereafter at any time owned by such Stockholder without complying with the provisions of Section 4(b), (c) and (d) of this Agreement; providedPROVIDED, howeverHOWEVER, that nothing contained in Sections 4(b), 4(c) or 4(d) shall prevent or restrict a Stockholder from distributing, from time to time, its Shares to its members, partners or stockholders, as the case may be. Any transfer of the Shares in violation of this subsection (a) shall be void ab initioAB INITIO.
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Certain Transfers of Shares Void. Each Stockholder agrees that such -------------------------------- Stockholder will not sell, transfer or dispose of (hereinafter collectively called "transfer") any Shares or any stock certificate representing the same now or hereafter at any time owned by such Stockholder without complying with the provisions of Section 4(b), (c) and (d) of this Agreement; provided, however, -------- ------- that nothing contained in Sections 4(b), 4(c) or 4(d) shall prevent or restrict a Stockholder from distributing, from time to time, its Shares to its members, partners or stockholders, as the case may be. Any transfer of the Shares in violation of this subsection (a) shall be void ab initio.. -- ------
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