Common use of Prohibited Transfers Void Clause in Contracts

Prohibited Transfers Void. Any attempted Transfer in violation of the terms of this Agreement shall be ineffective to vest in any purported transferee any right, title, or interest in or to the securities purported to be Transferred, and the Company shall not recognize any such purported transferee as the holder or owner of such securities for any purpose, including without limitation for purposes of exercising voting rights or rights to receive dividends or other distributions in respect of such securities.

Appears in 2 contracts

Samples: Shareholder Agreement (Southern Star Central Corp), Stockholders Agreement (Art Technology Group Inc)

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Prohibited Transfers Void. Any attempted Transfer in violation of the terms of this Agreement shall will be ineffective to vest in any purported transferee any right, title, title or interest in or to the securities purported to be Transferred, and the Company shall will not recognize any such purported transferee as the holder or owner of such securities for any purpose, including including, without limitation limitation, for purposes of exercising voting rights or rights to receive dividends or other distributions in respect of such securities.

Appears in 2 contracts

Samples: Stockholders Agreement, Stockholders Agreement (Neuronetics, Inc.)

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