Nonrecognition of Certain Transfers. The Company will not, nor will it be compelled to, recognize any Transfer made other than in accordance with the terms of this Agreement, nor will it issue any warrant or certificate representing any securities of the Company or pay any dividends to any Person who has received such securities in a Transfer made other than in accordance with the terms of this Agreement.
Nonrecognition of Certain Transfers. (a) Any transfer, acquisition, withdrawal from the Voting Trust or conversion of Subject Shares or transfer of Trust Certificates in violation of this Agreement shall be null and void. Each Voting Trustee and Registered Holder agrees that any such transfer, acquisition withdrawal or conversion may and should be enjoined.
Nonrecognition of Certain Transfers. Any transfer, acquisition or conversion of shares of Stock in violation of this Agreement shall be null and void. Each Major A Stockholder agrees that any such transfer, acquisition or conversion may and should be enjoined.
Nonrecognition of Certain Transfers. The Company shall promptly notify Investor in writing of all requests for transfers and conversions of shares of Common Stock held subject to the Stockholders' Agreement to anyone who has received such shares in a transfer or conversion made other than in accordance with the terms of the Stockholders' Agreement of which the Company has knowledge. The Company shall not recognize any transfer or conversion, or issue any certificate representing such shares in writing for at least 15 days after giving Investor such notice, unless prior or during such 15 days, it shall have received notice from Investor that it has no objection to such transfer. In addition, the Company agrees that it shall not in any manner, whether directly or indirectly, redeem any such shares from a Major A Stockholder if within 15 days after having been given notice of a proposed redemption, the Investor shall object in writing that such stockholder has not complied with the provisions of the Stockholders' Agreement, stating the reasons therefor, until the Investor shall have withdrawn such objection in writing or as otherwise ordered by a court having competent jurisdiction.
Nonrecognition of Certain Transfers. 20 3.5 Exceptions. . . . . . . . . . . . . . . . . . . . . 20
Nonrecognition of Certain Transfers. Notwithstanding any other provision of this Agreement, any Transfer in contravention of any of the provisions of this Agreement shall be void and ineffective, and shall not bind, or be recognized by, the Company or any Member.
Nonrecognition of Certain Transfers. (a) The Corporation will not, nor will it be compelled to, recognize any Transfer, or issue any certificate representing any Stock to any person who has not delivered to the Corporation (i) a written undertaking to be bound by the terms and conditions of this Agreement and, (ii) for so long as the Corporation's status as an S corporation continues, a written consent to the treatment of the Corporation as an S corporation. The Corporation will not, nor will it be compelled to, recognize any Transfer, or issue any certificate representing any Stock to any person or entity the Transfer to whom or to which in the opinion of the Corporation's counsel could disqualify the Corporation as an S corporation or disqualify it from eligibility for such status.
Nonrecognition of Certain Transfers. The Company shall not, nor shall it be compelled to, recognize any Transfer made other than in accordance with the terms of this Agreement, nor shall it issue any certificates representing Shares to any Person (as defined below) who has received such Shares in a Transfer made other than in accordance with the terms of this Agreement. As used herein, the term "Person" shall mean an individual, partnership, corporation, limited liability company, association, trust, joint venture, unincorporated organization or other entity of any kind, or any government, governmental department or agency or political subdivision thereof.
Nonrecognition of Certain Transfers. Notwithstanding any other provision of this Agreement, any transfer, sale, alienation, assignment, encumbrance or other disposition in contravention of any of the provisions of this Article shall be void and ineffective, and shall not bind, or be recognized by, the Company.
Nonrecognition of Certain Transfers. (a) The Company and its Members will not, nor be compelled to, recognize any transfer of a Membership interest to any person who has not delivered to the Company an executed supplement to this Agreement agreeing to be bound by its terms and conditions.
