No restriction on share transfer Sample Clauses
The 'No restriction on share transfer' clause establishes that shareholders are free to transfer their shares without limitations imposed by the company or other shareholders. In practice, this means that shares can be sold, assigned, or otherwise transferred to any party without requiring prior approval, consent, or meeting specific conditions. This clause ensures liquidity and flexibility for shareholders, removing barriers to exit or investment and preventing disputes over transfer rights.
No restriction on share transfer. The Borrower shall ensure that the constitutional documents of it or the Target do not, and are not amended or varied in a manner which, restricts or otherwise prohibits the transferability of the shares in the Borrower or the Target or confers any right of pre-emption, tag along or other similar rights on any person or which could reasonably be expected to adversely affect the interests of the Lender under any Security Documents.
No restriction on share transfer. Each Obligor shall ensure that the constitutional documents of it do not, and are not amended or varied in a manner which, restricts or otherwise prohibits the transferability of the shares which are subject to the Transaction Security or confers any right of pre-emption, tag-along or other similar rights on any person or which could reasonably be expected to adversely affect the interests of the Lender under any Security Documents.