Common use of Delay of Transfer Clause in Contracts

Delay of Transfer. The Company shall not incur any liability to the Investor or any other Person for any delay in recognizing any Transfer of Investor Shares if the Company in good faith reasonably determines that such Transfer may have been or would be in violation in any material respect of the provisions of the Securities Act, any applicable Foreign or State Act or this Agreement.

Delay of Transfer. The Company shall not incur any liability to the Investor or any other Person for any delay in recognizing any Transfer of Capital Securities Beneficially Owned by the Investor Shares if (a) the Company in good faith reasonably determines that such Transfer may have been was or would be in violation in any material respect of the provisions of applicable Law (including the Securities Act, Act and any applicable Foreign or State Act Act) or this Agreementthe Constituent Documents and (b) has provided written notice of such determination, including an explanation of the basis therefor, to the Investor.

Delay of Transfer. The Company shall not incur any liability to the Investor or any other Person for any delay in recognizing any Transfer of Investor Shares if the Company in good faith reasonably determines that such Transfer may have been or would be in violation in any material respect of the provisions of the Securities Act, any applicable Foreign or State Act or this Agreement.. Article IV STANDSTILL; VOTING SECTION 4.01