General Limitation on Transfer. A. No Partnership Interest shall be Transferred, in whole or in part, except in accordance with the terms and conditions set forth in this Article 11. Any Transfer or purported Transfer of a Partnership Interest not made in accordance with this Article 11 shall be null and void ab initio.
General Limitation on Transfer. Except for (i) sales by Mallinckrodt and its Affiliates under the Commission's Rule 144 which do not exceed 25,000 shares in the aggregate during any 90-day period and (ii) transfers to an Affiliate of Mallinckrodt pursuant to Section 7.06, Mallinckrodt shall not directly or indirectly offer for sale or transfer any Registrable Shares without offering MBI a right of first refusal as provided in this Article 7. Mallinckrodt and its Affiliates may sell Registrable Shares under Rule 144 in excess of 25,000-share limit on aggregate sales during any 90-day period if (and only if) MBI does not exercise its right of first refusal in respect of the shares in excess of the limit.
General Limitation on Transfer. Except for sales under the Commission's Rule 000, Xxxxxxxxxxxx shall not directly or indirectly offer for sale, or transfer any Common Stock which has not been registered under the Securities Act without offering MBI a right of first refusal as provided in this Article 7.
General Limitation on Transfer. Anything to the contrary in this ------------------------------ Agreement notwithstanding, at law or in equity, no Tenant shall transfer or otherwise deal with any interest in the Property in a way that would cause a default under any material agreement relating to the Property or by which Tenants are bound.
General Limitation on Transfer. Each Holder agrees with the Corporation, and not with one another, that prior to a Public Reporting Event it shall not Transfer any of its shares of capital stock of the Corporation except (i) in compliance with the Securities Act, (ii) in compliance with any other applicable securities or “blue sky” laws, (iii) in accordance with the terms and conditions of the Certificate of Incorporation, the Bylaws and this Agreement, (iv) either (A) to a third party transferee that is not an Affiliate of such Holder and that, unless approved by the Board, as of the expected date of such Transfer, the transferor has no reason to believe is a Competitor or (B) to a Permitted Transferee of such Holder, and (v) to the extent applicable, in accordance with Section 5(a)(iii) of this Agreement. As a condition precedent to becoming a party to this Agreement, the Corporation may require delivery by the transferee of a certificate to the Corporation, in form and substance reasonably satisfactory to the Corporation, confirming that it is not a Competitor or that it is a Permitted Transferee; provided, however, that Transfers pursuant to a Drag-Along Sale in accordance with Section 6(a) hereof shall not be subject to the restrictions in the foregoing clause (iv).
