Common use of Limitations on Transfer; Assignment Clause in Contracts

Limitations on Transfer; Assignment. In addition to any other limitation on transfer created by applicable securities laws and the Transaction Documents, the Founders and the Founding Shareholders shall not directly or indirectly assign, encumber or dispose of any interest in the Shares while the Shares remain subject to the Repurchase Option and/or the Holder Purchase Right. The Repurchase Option may be assigned in whole or in a part to any shareholder or shareholders of the Company or other persons with the consent of the Board (including the consent of the Series B Director which shall not be unreasonably withheld or delayed).

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Jupai Holdings LTD), Investors’ Rights Agreement (Jupai Holdings LTD)

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Limitations on Transfer; Assignment. In addition to any other limitation on transfer created by applicable securities laws and laws, the Transaction Documents, the Founders and the Founding Shareholders shall not directly or indirectly assign, encumber or dispose of any interest in the Shares while the Shares remain subject to the Repurchase Option and/or the Holder Investor’s Purchase Right. The Repurchase Option may be assigned in whole or in a part to any shareholder or shareholders of the Company or other persons with the consent of the Board (including the consent at least one of the Series B Director which shall not be unreasonably withheld or delayedA Directors).

Appears in 2 contracts

Samples: Convertible Preferred Shares Purchase Agreement (Jupai Holdings LTD), Convertible Preferred Shares Purchase Agreement (Jupai Holdings LTD)

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