Common use of Improper Sale or Encumbrance Clause in Contracts

Improper Sale or Encumbrance. Any attempt by any Stockholder to make any Sale of, or create, incur or assume any Encumbrance with respect to, any Shares not in compliance with this Agreement shall be null and void and the Company shall not give any effect in the Company’s stock records to such attempted Sale or Encumbrance.

Appears in 3 contracts

Samples: Stockholders’ Agreement (Lincoln Educational Services Corp), Stockholders’ Agreement (Lincoln Educational Services Corp), Stockholders’ Agreement (Lincoln Educational Services Corp)

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Improper Sale or Encumbrance. Any attempt by any Stockholder to make any Sale of, or create, incur or assume any Encumbrance with respect to, any Shares share of 8% Preferred Stock Series A or Conversion Stock not in compliance with this Agreement shall be null and void and the Company shall not give any effect in the Company’s 's stock records to such attempted Sale or Encumbrance.

Appears in 2 contracts

Samples: Stockholders' Agreement (Cornerstone Properties Inc), Stockholders' Agreement (Hexalon Real Estate Inc)

Improper Sale or Encumbrance. Any attempt by any Stockholder to make any Sale of, or create, incur or assume any Encumbrance with respect to, any Shares share of 8% Preferred Stock or Conversion Stock not in compliance with this Agreement shall be null and void and the Company shall not give any effect in the Company’s 's stock records to such attempted Sale or Encumbrance.

Appears in 2 contracts

Samples: Stockholders' Agreement (Cornerstone Properties Inc), Stockholders' Agreement (New York State Teachers Retirement System)

Improper Sale or Encumbrance. Any attempt by any Stockholder not in compliance with this Agreement to make any Sale of, or create, incur or assume any Encumbrance with respect to, any Shares not in compliance with this Agreement shall be null and void and the Company shall not give any effect in the Company’s 's stock records to such attempted Sale or Encumbrance.

Appears in 1 contract

Samples: Stockholders' Agreement (Arm Financial Group Inc)

Improper Sale or Encumbrance. Any attempt by any Stockholder to make any Sale of, or create, incur or assume any Encumbrance with respect to, any Shares shares of Common Stock not in compliance with this Agreement shall be null and void and of no force and effect, and the Company shall not give any effect in the Company’s stock records to such attempted Sale or Encumbrance.

Appears in 1 contract

Samples: Stockholders Agreement (Be Aerospace Inc)

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Improper Sale or Encumbrance. Any attempt by any Stockholder to make any Sale of, or create, incur or assume any Encumbrance with respect to, any Shares not in compliance with this Agreement shall be null and void and the Company shall not be required to give any effect in the Company’s stock records 's register of members to such attempted Sale or Encumbrance.

Appears in 1 contract

Samples: Shareholders Agreement (America Movil Sa De Cv)

Improper Sale or Encumbrance. Any attempt by any Stockholder to make any Sale of, or create, incur or assume any Encumbrance with respect to, any Shares not in compliance with this Agreement shall be null and void and the Company shall not give any effect in the Company’s 's stock records to such attempted Sale or Encumbrance.

Appears in 1 contract

Samples: Stockholders' Agreement (Careinsite Inc)

Improper Sale or Encumbrance. Any Except as specifically permitted under this Agreement, any attempt by any Stockholder to make any Sale of, or create, incur or assume any Encumbrance with respect to, any Shares not in compliance with this Agreement shall be null and void and neither the Company nor any transfer agent thereof shall not give any effect in the Company’s 's stock records to such attempted Sale or Encumbrance.

Appears in 1 contract

Samples: Stockholders' Agreement (Panolam Industries Inc)

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