Common use of General Prohibition on Transfers; Permitted Transfers Clause in Contracts

General Prohibition on Transfers; Permitted Transfers. (a) Except as otherwise permitted hereby, no Stockholder shall directly or indirectly sell, assign, pledge or encumber or otherwise transfer to any person (a “Transferee”) any shares of Stock unless the Stockholder has complied with all of the terms of this Agreement. Any purported sale, assignment, pledge, encumbrance or other transfer in violation of any provision of this Agreement shall be void and ineffectual and shall not operate to transfer any interest or title to the purported Transferee.

General Prohibition on Transfers; Permitted Transfers. (a) Except as otherwise permitted hereby, no Principal Stockholder shall directly or indirectly sell, assign, pledge or pledge, encumber or otherwise transfer to any person or entity (a “Transferee”"TRANSFEREE") any shares of Stock Securities unless the Principal Stockholder has complied with all of the terms of this Agreement. Any purported sale, assignment, pledge, encumbrance or other transfer in violation of any provision of this Agreement shall be void and ineffectual ineffective and shall not operate to transfer any interest or title to the purported Transferee.

General Prohibition on Transfers; Permitted Transfers. (a) Except as otherwise permitted hereby, no each Stockholder shall and Preferred Stockholder agrees that it will not directly or indirectly sell, assign, pledge or transfer, pledge, convey, give, hypothecate, encumber or otherwise transfer dispose of (each, a “Transfer”) to any person Person (a “Transferee”) any shares share of Stock unless the such Stockholder or Preferred Stockholder has complied with all of the terms of this Agreement. Any purported sale, assignment, pledge, encumbrance or other transfer Transfer in violation of any provision of this Agreement shall will be void and ineffectual and shall will not operate to transfer Transfer any interest or title to the purported Transferee.

General Prohibition on Transfers; Permitted Transfers. (a) Except as otherwise permitted hereby, no Principal Stockholder shall directly or indirectly sell, assign, pledge or pledge, encumber or otherwise transfer to any person or entity (a “"Transferee”") any shares of Stock Securities unless the Principal Stockholder has complied with all of the terms of this Agreement. Any purported sale, assignment, pledge, encumbrance or other transfer in violation of any provision of this Agreement shall be void and ineffectual ineffective and shall not operate to transfer any interest or title to the purported Transferee.

General Prohibition on Transfers; Permitted Transfers. (a) Except as otherwise permitted hereby, no Stockholder shall directly or indirectly sell, assign, pledge or pledge, encumber or otherwise transfer to any person or entity (a “"Transferee”") any shares of Stock Securities unless the Stockholder has complied with all of the terms of this Agreement. Any purported sale, assignment, pledge, encumbrance or other transfer in violation of any provision of this Agreement shall be void and ineffectual ineffective and shall not operate to transfer any interest or title to the purported Transferee.