General Prohibition on Transfer. No Holder shall sell, assign, transfer, pledge, encumber or in any way dispose of ("Transfer") any Company Securities unless (i) such Holder has complied with the provisions of this Section 2, (ii) the transferee (if other than the Company or a transferee of Company Securities pursuant to a transaction set forth in clause (iv) of the definition of Exempt Transfers (as set forth in Section 2(c)) has agreed to become a party to, and be bound by the terms of, this Agreement and has executed a supplemental agreement hereto in form and substance reasonably satisfactory to the Company, and (iii) such Holder has delivered to the Company an opinion of such Holder's counsel, in form and substance reasonably satisfactory to the Company, to the effect that such Transfer is either exempt from the registration requirements of the Securities Act and the applicable securities laws of any state or that such registration requirements have been complied with.
General Prohibition on Transfer. During the term of this Agreement, and except with the prior written consent of CanHoldco or as otherwise permitted by this Agreement, no Transfers of the Common Shares and the general partner units and limited partnership units in Capital LP are permitted.
General Prohibition on Transfer. During the term of this Agreement, and except with the prior written consent of BPY or as otherwise permitted by this Agreement, no Transfers of the Common Shares are permitted.
General Prohibition on Transfer. No Shares or Convertible Securities now or in the future held by a Shareholder or any interest therein may be dealt with or Transferred except as contemplated in this Agreement. A purported Transfer of any Shares or Convertible Securities in violation of this Agreement shall not be valid. Any Shareholder that purports to Transfer any Shares or Convertible Securities in violation of this Agreement agrees to donate and hereby donates to the Corporation all dividends and distributions paid or made on any Shares or Convertible Securities so Transferred during the period of the prohibited Transfer. The provisions of the immediately preceding sentence are in addition to, and not in lieu of, any other remedies to enforce the provisions of this Agreement. Any permitted Transfer made in compliance with this Agreement, other than to a Permitted Transferee or pursuant to Section 5.2(b) or 5.2(c), shall require the approval of the Board of Directors which shall be provided in accordance with the provisions of Section 2.1.
General Prohibition on Transfer. None of the Members shall transfer their membership in the Corporation, other than in accordance with Article 11.9.
General Prohibition on Transfer. None of the Stockholders shall sell, assign, transfer, pledge, encumber or in any way dispose of ("TRANSFER") any Shares unless (i) such Stockholder shall have delivered to the Company an opinion of counsel to such Stockholder, in form and substance reasonably satisfactory to the Company, to the effect that such Transfer is exempt from the registration requirements of the Securities Act or (ii) the registration requirements of the Securities Act have been complied with in connection with such Transfer, provided, however, that the Company shall be entitled in its sole discretion to waive the requirement that an opinion of counsel be delivered pursuant to this Section 3(a) if it determines that a Transfer is in accordance with applicable law.
General Prohibition on Transfer. A Member may Transfer all or any number of Units owned by such Member only if such Transfer is made with the prior written consent of a Majority in Interest of the Capital Members, which consent may be withheld for any reason or no reason; Article 7
General Prohibition on Transfer. During the continuance of this Agreement, none of the Shareholders shall Transfer or otherwise deal with any Shares or any interest therein now or hereafter held by such Shareholder except in accordance with this Agreement. Except as set forth in Section 3.3 below, no Shareholder shall be permitted to Transfer or otherwise deal with any Shares or any interest therein now or hereafter held by such Shareholder except subject to the written approval of Shareholders holding at least eighty percent (80%) of the then issued and outstanding Common Shares. A Transfer of any Shares in violation of this Agreement shall not be valid and the Corporation shall not register, nor permit any transfer agent to register, any such Transfer on the securities register of the Corporation nor pay or make any dividend or distribution on such Shares. Any purported exercise of voting rights attached to or related to any such Shares shall be deemed not valid or effective. Each Shareholder who purports to make a Transfer of any Shares in violation of this Agreement shall donate and hereby donates to the Corporation all dividends and distributions paid or made on such Shares during the period of such prohibited Transfer. The provisions of the immediately preceding sentence are in addition to, and not in lieu of, any other remedies to enforce the provisions of this Agreement.
General Prohibition on Transfer. During the continuance of this Agreement, none of the Shareholders shall deal with any Corporation Securities or any interest therein or Transfer any Corporation Securities now or hereafter held by such Shareholder except in accordance with this Agreement. A purported Transfer of any Corporation Securities in violation of this Agreement shall not be valid and, to the maximum extent permitted by law, the Corporation shall not register, nor permit any transfer agent to register, any such Corporation Securities on the securities register of the Corporation, nor shall any voting rights attaching to or relating to such Corporation Securities be exercised, nor shall any purported exercise of such voting rights be valid or effective, nor shall any dividend or distribution be paid or made on such Corporation Securities (but any such denied dividend or distribution shall be paid when the breach is cured). Each Shareholder that purports to make a Transfer of any Corporation Securities in violation of this Agreement agrees to donate and hereby donates to the Corporation all dividends and distributions paid or made on such Corporation Securities during the period of such prohibited Transfer (but any such donated dividend or distribution shall be paid when the breach is cured). The provisions of the immediately preceding sentence are in addition to, and not in lieu of, any other remedies to enforce the provisions of this Agreement. For the avoidance of doubt, no party hereto shall avoid the provisions of this Agreement by making one or more Transfers permitted by section 3.4 and then disposing of all or any portion of such party’s interest in such Person.
General Prohibition on Transfer. Except as expressly provided in this Article 4, no Shareholder may Transfer the Shares that such Shareholder owns, or the Shareholder's rights under this Agreement, unless prior to doing so the other Shareholders consent in writing. The provisions of this Section 4.2 will apply to any Transfer of Shares even if the Shareholder is Transferring such Shares together with or in conjunction with other assets.
