No Indirect Transfers. (a)Each Principal and each Principal Holding Company agrees, and (b) each Ordinary Shareholder agrees, in each case, not to circumvent or otherwise avoid the transfer restrictions or intent thereof set forth in this Agreement, whether by holding the Equity Securities of the Company indirectly through another Person (including a Principal Holding Company) or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such Person (including a Principal Holding Company), or otherwise. Each Principal and each Principal Holding Company furthermore agrees that, so long as such Principal is bound by this Agreement, the Transfer, sale or issuance of any Equity Securities of any Principal Holding Company of such Principal without the prior written consents of the Series A Majority and the Series B Majority shall be prohibited, and each such Principal and each such Principal Holding Company agrees not to make, cause or permit any Transfer, sale or issuance of any Equity Securities of such Principal Holding Company without the prior written consents of the Series A Majority and the Series B Majority. Any purported Transfer, sale or issuance of any Equity Securities of any Principal Holding Company in contravention of this Agreement shall be void and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no Party (including without limitation, any Principal or Principal Holding Company) shall recognize any such Transfer, sale or issuance.
No Indirect Transfers. Each of the Principal and Principal Holding Company(ies) further agrees not to circumvent or otherwise avoid the transfer restrictions or intent thereof set forth in this Deed and the Shareholders Agreement by the direct or indirect holding of any Equity Securities of the Company through one or more entities in which interests may be Transferred free of such restrictions.
No Indirect Transfers. Each of the Principal and the BVI Company agrees not to circumvent or otherwise avoid the transfer restrictions or intent thereof set forth in this Agreement, whether by holding the Equity Securities of the Company indirectly through another Person or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such Person, or otherwise. The Principal and the BVI Company furthermore agrees that, so long as the Principal is bound by this Agreement, the Transfer, sale or issuance of any Equity Securities of the BVI Company of the Principal to any third party without the prior written consent of the Preferred Holders Majority shall be prohibited, and the Principal and the BVI Company agrees not to make, cause or permit any Transfer, sale or issuance of any Equity Securities of the BVI Company to any third party without the prior written consent of the Preferred Holders Majority. Any purported Transfer, sale or issuance of any Equity Securities of the BVI Company in contravention of this Agreement shall be void and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no Party (including without limitation, the Principal or BVI Company) shall recognize any such Transfer, sale or issuance.
No Indirect Transfers. (a) Each Founder and Founder Holding Entity agrees that the transfer restrictions set forth in this Agreement shall not be capable of being avoided by any of them by the holding of the Equity Securities of the Company indirectly through another Person (including a Founder Holding Entity) or by the issuance of any Equity Securities by any such Person (including a Founder Holding Entity). Each Founder and each Founder Holding Entity of such Founder furthermore agrees that, subject to Section 2.6 below, so long as such Founder is bound by this Agreement, the Transfer, sale or issuance of any Equity Securities of any Founder Holding Entity of such Founder prior to the IPO without the Required Consents shall be prohibited, and such Founder and each such Founder Holding Entity agrees not to make, cause or permit any Transfer, sale or issuance of any Equity Securities of such Founder Holding Entity prior to the IPO without the Required Consents. Any purported Transfer, sale or issuance of any Equity Securities of any Founder Holding Entity in contravention of this Agreement shall be void and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no Founder Holding Entity shall recognize any such Transfer, sale or issuance.
No Indirect Transfers. Each holder of the Shares agrees not to circumvent or otherwise avoid the transfer restrictions or intent thereof set forth in this Agreement, whether by holding the Equity Securities of the Company indirectly through another Person or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such Person, or otherwise.
No Indirect Transfers. Each Party agrees not to circumvent or otherwise avoid the transfer or any other restrictions or intent thereof set forth in this Agreement, whether by holding the Equity Securities of the Company indirectly through another Person (including the Ordinary Shareholder, a Series A Investor or a Series A-1 Investor or their respective holding companies) or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such Person (including the Ordinary Shareholder, a Series A Investor or a Series A-1 Investor or their respective holding companies), or otherwise.
No Indirect Transfers. Each Principal agrees not to circumvent or otherwise avoid the transfer restrictions or intent thereof set forth in this Agreement, whether by holding the Equity Securities of the Company indirectly through another Person or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such Person, or otherwise. Any purported Transfer, sale or issuance of any Equity Securities of any company held by a Principal holding shares in the Company (the “Holding Company”) in contravention of this Agreement shall be void and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no Party (including without limitation, any Principal or Holding Company) shall recognize any such Transfer, sale or issuance.
No Indirect Transfers. Except for transfers by Preferred Shareholders to Permitted Transferees, each of the Parties shall not circumvent or otherwise avoid the rights of other Shareholders under Sections 6.2, 6.3, 6.4 and 6.5 hereof or intent thereof set forth in this Agreement, whether by holding the Equity Securities of the Company indirectly through another Person (including any Affiliates) or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such Person (including any Affiliates), or otherwise. Each of the Parties furthermore agrees that, so long as such Party is bound by this Agreement and subject to Section 6.1(ii), the Transfer, sale or issuance of any Equity Securities of any holding company of such Party (including without limitation the Management Holdcos) without the prior written consent of the Board of Director (including the consent of all Preferred Shareholder Directors) shall be prohibited, and each such Party agrees not to make, cause or permit any Transfer, sale or issuance of any Equity Securities of such holding company without the prior written consent of the Board of Director (including the consent of all Preferred Shareholder Directors). Any purported Transfer, sale or issuance of any Equity Securities of any such holding company in contravention of this Agreement shall be void and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no Party (including without limitation, any Management Party) shall recognize any such Transfer, sale or issuance. The Management Parties shall cause the Employee Holdcos not to permit any Transfer of shares of the Employee Holdco and Xxx Xxxxxxx Revocable Trust or any interest therein, directly or indirectly, by their shareholders.
No Indirect Transfers. Each Principal, Holding Company, and Class A Ordinary Shareholder (excluding Class A Investors) agrees not to circumvent or otherwise avoid the transfer restrictions or intent thereof set forth in this Agreement, whether by holding the Equity Securities of the Company indirectly through another Person (including a Holding Company) or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such Person (including a Holding Company), or otherwise. Each Principal, Holding Company, and Class A Ordinary Shareholder (excluding Class A Investors) furthermore agrees that, so long as such Principal is bound by this Agreement, the Transfer, sale or issuance of any Equity Securities of any Holding Company of such Principal or Class A Ordinary Shareholder (excluding Class A Investors) without the prior written consent of the Majority Investors shall be prohibited, and each such Principal, Holding Company and Class A Ordinary Shareholder (excluding Class A Investors) agrees not to make, cause or permit any Transfer, sale or issuance of any Equity Securities of such Holding Company and/or Class A Ordinary Shareholder (excluding Class A Investors) without the prior written consent of the Majority Investors. Any purported Transfer, sale or issuance of any Equity Securities of any Holding Company and/or Class A Ordinary Shareholder (excluding Class A Investors) in contravention of this Agreement shall be void and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no Party (including without limitation, any Principal or Holding Company) shall recognize any such Transfer, sale or issuance.
No Indirect Transfers. Each Non-Investor Shareholder agrees not to circumvent or otherwise avoid the transfer restrictions or intent thereof set forth in this Agreement or any Other Restriction Agreements, whether by holding the Equity Securities of the Company indirectly through another Person or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such Person, or otherwise. Any purported Transfer, sale or issuance of any Equity Securities of any company held by a Non-Investor Shareholder holding Shares in the Company (the “Holding Company”) in contravention of this Agreement shall be void and ineffective for any and all purposes and shall not confer on any transferee or purported transferee any rights whatsoever, and no Party (including without limitation, the Non-Investor Shareholder or Holding Company) shall recognize any such Transfer, sale or issuance.
