Common use of No Indirect Transfers Clause in Contracts

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. Each of the Principal and the BVI each Holding 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 (including a Holding Company) or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such PersonPerson (including a Holding Company), or otherwise. The Each Principal and the BVI each Holding Company furthermore agrees that, so long as the such Principal is bound by this Agreement, the Transfer, sale or issuance of any Equity Securities of the BVI any Holding Company of the such Principal to any third party without the prior written consent of the Board (including the affirmative vote of all of the Preferred Holders Majority Directors) shall be prohibited, and the each such Principal and the BVI each such Holding Company agrees not to make, cause or permit any Transfer, sale or issuance of any Equity Securities of the BVI such Holding Company to any third party without the prior written consent of the Board (including the affirmative vote of all of the Preferred Holders MajorityDirectors). Any purported Transfer, sale or issuance of any Equity Securities of the BVI any Principal or 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 any Principal or BVI Holding Company) shall recognize any such Transfer, sale or issuance.

No Indirect Transfers. Each of the Principal and the BVI Company Restricted Holders 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 any holding vehicle of any Restricted Holder) or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such PersonPerson (including any holding vehicle of any Restricted Holder), or otherwise. The Principal and Each of the BVI Company furthermore Restricted Holders further agrees that, so long as the Principal such Restricted Holder is bound by this Agreement, the Transfer, sale or issuance of any Equity Securities of the BVI Company any holding vehicle of the Principal to any third party Restricted Holder without the prior written consent of the Preferred Requisite Holders Majority shall be prohibited, and the Principal and the BVI Company agrees each such Restricted Holder agree not to make, cause or permit any Transfer, sale or issuance of any Equity Securities of the BVI Company to any third party holding vehicle of any Restricted Holder without the prior written consent of the Preferred Holders MajorityRequisite Holders. Any purported Transfer, sale or issuance of any Equity Securities of the BVI Company any holding vehicle 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 Companyany Restricted Holder) shall recognize any such Transfer, sale or issuance.

No Indirect Transfers. Each of the Principal and the BVI Principal Holding 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 (including a Principal Holding Company) or by causing or effecting, directly or indirectly, the Transfer or issuance of any Equity Securities by any such PersonPerson (including a Principal Holding Company), or otherwise. The Each Principal and the BVI each Principal Holding Company furthermore agrees that, so long as the such Principal is bound by this Agreement, the Transfer, sale or issuance of any Equity Securities of the BVI any Principal Holding Company of the such Principal to any third party without the prior written consent of the Requisite Preferred Holders Majority shall be prohibited, and the each such Principal and the BVI each such Principal Holding Company agrees not to make, cause or permit any Transfer, sale or issuance of any Equity Securities of the BVI such Principal Holding Company to any third party without the prior written consent of the Requisite Preferred Holders MajorityHolders. Any purported Transfer, sale or issuance of any Equity Securities of the BVI 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, the any Principal or BVI Principal Holding Company) shall recognize any such Transfer, sale or issuance.