Restrictions on Sales of Shares. (a) From and after the date hereof and at all times prior to the termination of this Agreement in accordance with the provisions of Paragraph 10 hereof, no Stockholder shall, directly or indirectly, sell, pledge, assign, dispose of or otherwise transfer (other than in connection with a pledge to secure indebtedness owed to any one or more institutional lender(s)) (collectively, "Transfer") any of the shares owned by such Stockholder, and no Stockholder shall permit any Affiliate of such Stockholder to Transfer any of the shares owned by such Affiliate, in each case, other than to a Permitted Transferee (as defined below).
Appears in 5 contracts
Samples: Stock Purchase and Standstill Agreement (Citadel Holding Corp), Stock Purchase and Standstill Agreement (National Auto Credit Inc /De), Stock Purchase and Standstill Agreement (Craig Corp)
