Prohibition on Encumbrance. 15.1. No shareholder shall be entitled to cede, pledge, hypothecate, provide as lien or in any way utilize its shares in the share capital as security or in any way encumber such shares without the prior written consent of the shareholders.
Appears in 4 contracts
Samples: Shareholders’ Agreement (Millennium Group Worldwide Inc), Shareholders’ Agreement (Millennium Group Worldwide Inc), Shareholders’ Agreement (Millennium Group Worldwide Inc)