Common use of No Transfer of Shares Clause in Contracts

No Transfer of Shares. The Purchaser shall not, during a period of thirteen (13) months following the Closing Date, transfer any or all of the Shares in any way whatsoever which would make article 90, 9e and 94 of the Belgium Income Tax Code applicable. The Purchaser shall be accountable for any breach of this covenant, whether by the Purchaser itself, one of its assigns, successors or creditors.