Common use of No Restrictions on Transferees Clause in Contracts

No Restrictions on Transferees. Except as set forth in Section 2.3(a) or 2.3(b), no transferee of any Shares that are the subject of a Transfer by a Stockholder as permitted by this Article II shall be bound by the terms of this Agreement, nor shall such transferee be entitled, in any manner whatsoever, to any rights afforded to a Stockholder under this Agreement.

Appears in 4 contracts

Samples: Standstill and Stockholder Agreement (Skandalaris Robert J), Share Purchase Agreement (Noble International, Ltd.), Standstill and Stockholder Agreement (Arcelor)

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