Disposition Prohibited Sample Clauses
The "Disposition Prohibited" clause serves to restrict a party from transferring, selling, assigning, or otherwise disposing of certain assets, rights, or interests covered by the agreement. In practice, this means that the party subject to the clause cannot sell equipment, intellectual property, or contractual rights to third parties without prior consent or unless specific conditions are met. This clause is essential for maintaining control over key assets and preventing unauthorized transfers that could undermine the agreement's purpose or the other party's interests.
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Disposition Prohibited. The Shareholder shall not dispose of any of his or her Stock except as permitted by this Agreement, and any such attempted disposition shall be void and shall not be recognized or registered upon the books of the Company.
Disposition Prohibited. The Shareholder shall not dispose of any of his, her or its Shares except as permitted by this Agreement, and any such attempted disposition shall be void and shall not be recognized or registered upon the books of the Company. The term "dispose" includes, but is not limited to, the acts of selling, assigning, transferring, pledging, encumbering, giving away, devising, and any other form of conveying, including conveyances caused by marital separation, divorce, receivership, or bankruptcy, whether voluntary or involuntary or by operation of law.
Disposition Prohibited. The Warrantholder shall not dispose of the Warrant or any Warrant Shares acquired upon exercise thereof, except as permitted by this Agreement, and any such attempted disposition shall be void and shall not be recognized or registered upon the books of the Company. The term "dispose" includes, but is not limited to, the acts of selling, assigning, transferring, pledging, encumbering, giving away, devising, and any other form of conveying, including conveyances caused by marital separation, divorce, receivership, or bankruptcy, whether voluntary or involuntary or by operation of law.