Common use of Effect of Prohibited Transfers Clause in Contracts

Effect of Prohibited Transfers. If any Transfer is made or attempted contrary to the provisions of this Agreement, such purported Transfer shall be void ab initio; the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); and the Company shall have the right to refuse to recognize any Transferee as one of its Stockholders for any purpose.

Appears in 8 contracts

Samples: Stockholders Agreement (908 Devices Inc.), Stockholders Agreement (Quanterix Corp), Stockholders Agreement (Quanterix Corp)

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Effect of Prohibited Transfers. If any Transfer by any Stockholder or Other Stockholder is made or attempted contrary to the provisions of this Agreement, such purported Transfer shall be void ab initio; the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); and the Company shall have the right to refuse to recognize any proposed Transferee of any Stockholder or Other Stockholder as one a stockholder of its Stockholders the Company or for any other purpose.

Appears in 6 contracts

Samples: Stockholders Agreement (Ohia Development Corp), Stockholders Agreement (Global Manufacturers & Contractors, S.A.), Stockholders Agreement (GreenKissNY, Inc.)

Effect of Prohibited Transfers. If any Transfer by any Stockholder is made or attempted contrary to the provisions of this Agreement, such purported Transfer shall be void ab initio; the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); and the Company shall have the right to refuse to recognize any improper Transferee as one of its Stockholders any Stockholder for any purpose.

Appears in 3 contracts

Samples: Stockholders Agreement (Alon Israel Oil Company, Ltd.), Stockholders Agreement (Alon USA Energy, Inc.), Stockholders Agreement (Alon USA Energy, Inc.)

Effect of Prohibited Transfers. If any Transfer is made or attempted contrary to the provisions of this Agreement, such purported Transfer shall be void ab initio; the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which they it may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); and the Company shall have the right to refuse to recognize any Transferee as one of its Stockholders stockholders for any purpose.

Appears in 3 contracts

Samples: Investor Rights Agreement (Plug Power Inc), Stock Purchase Agreement (Plug Power Inc), Investor Rights Agreement (Smart Hydrogen Inc)

Effect of Prohibited Transfers. If any Transfer is made or attempted contrary to the provisions of this Agreement, such purported Transfer shall be void ab initio; the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); and the Company shall have the right to refuse to recognize any Transferee as one of its Stockholders stockholders for any purpose.

Appears in 2 contracts

Samples: Refusal Agreement (Bam Entertainment Inc), Refusal Agreement (Bam Entertainment Inc)

Effect of Prohibited Transfers. If any Transfer is made or attempted contrary to the provisions of this Agreement, (a) such purported Transfer shall be void ab initio; , (b) the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); , and (c) the Company shall have the right to refuse to recognize any such Transferee as one of its Stockholders for any purpose.

Appears in 2 contracts

Samples: Stockholders Agreement (Open Link Financial, Inc.), Stock Restriction Agreement (Open Link Financial, Inc.)

Effect of Prohibited Transfers. If any Transfer by any Shareholder or Investor is made or attempted contrary to the provisions of this Agreement, (a) such purported Transfer shall be void ab initio; , (b) the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); , and (c) the Company shall have the right to refuse to recognize any Transferee as one of its Stockholders such Shareholder or Investor for any purpose.

Appears in 1 contract

Samples: Shareholders Agreement (Alma Lasers Ltd.)

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Effect of Prohibited Transfers. If any Transfer is made or attempted contrary to the provisions of this Agreement, such purported Transfer shall be void ab initio; initio and the Company shall not register such attempted Transfer on its books. In such event, the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which that they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); , and the Company shall have the right to refuse to recognize any Transferee as one of its Stockholders transferee for any purpose.

Appears in 1 contract

Samples: Right of First Refusal Agreement (Parametric Sound Corp)

Effect of Prohibited Transfers. If any Transfer is made or attempted contrary to the provisions of this Agreement, such purported Transfer shall be void ab initio; the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); and the Company shall have the right to refuse to recognize any Transferee as one of its Stockholders any Principal Shareholder for any purpose.

Appears in 1 contract

Samples: Stockholders Agreement (IntraLinks Holdings, Inc.)

Effect of Prohibited Transfers. If any Transfer by an Investor is made or attempted contrary to the provisions of this Agreement, such purported Transfer shall be void ab initio; the Company and the other parties hereto shall have, in addition to any other legal or equitable remedies which they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); and the Company shall have the right to refuse to recognize any Transferee as one of its Stockholders stockholders for any purpose.

Appears in 1 contract

Samples: Investors' Rights Agreement (Quantrx Biomedical Corp)

Effect of Prohibited Transfers. If any Transfer is made or attempted contrary to the provisions of this Agreement, such purported Transfer shall be void ab initioAB INITIO; the Company LLC and the other parties hereto shall have, in addition to any other legal or equitable remedies which they may have, the right to enforce the provisions of this Agreement by actions for specific performance (to the extent permitted by law); and the Company LLC shall have the right to refuse to recognize any Transferee as one of its Stockholders Members for any purpose.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stockeryale Inc)

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