Common use of Prohibited Transfer Clause in Contracts

Prohibited Transfer. In the event any Shareholder (a “Prohibited Transferor”) should Transfer any Shares in contravention of the right of first refusal or other rights of any Shareholder under this Agreement (a “Prohibited Transfer”), each other Shareholder shall have, in addition to such other remedies as may be available at law, in equity or hereunder, the “put” option provided below, and the Prohibited Transferor shall be bound by the applicable provisions of such option.

Appears in 4 contracts

Samples: Shareholder Agreement, Shareholder Agreement, Shareholder Agreement

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