Restrictions on Transfers of Deposited Shares Sample Clauses

Restrictions on Transfers of Deposited Shares. Each Shareholder agrees he, she or it will not Transfer or create an Encumbrance on any of the Deposited Shares except in compliance with this Agreement. The Corporation will not register on its books and records any Transfer of Deposited Shares unless the provisions of this Agreement have been complied with in full. Any purported Transfer by a Shareholder of Deposited Shares without full compliance with the provisions of this Agreement will be null and void. Notwithstanding anything else included in this Agreement, every Transfer of Deposited Shares will be subject, in addition to the requirements of the constating documents of the Corporation and the Act, to the condition that the proposed transferee, if not already bound by the terms of this Agreement, will first agree in writing to become a party to and be bound by the terms of this Agreement in the same capacity as the Shareholder who is transferring such Deposited Shares.
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Restrictions on Transfers of Deposited Shares. Each Shareholder agrees he, she or it will not Transfer or create an Encumbrance on any of the Deposited Shares except in compliance with this Agreement and the Shareholders’ Agreement. The Corporation will not register on its books and records any Transfer of Deposited Shares unless the provisions of this Agreement and the Shareholders’ Agreement have been complied with in full. Any purported Transfer by a Shareholder of Deposited Shares without full compliance with the provisions of this Agreement and the Shareholders’ Agreement will be null and void. Notwithstanding anything else included in this Agreement, every Transfer of Deposited Shares will be subject, in addition to the requirements of the constating documents of the Corporation and the Act, to the terms and conditions of the Shareholders’ Agreement and the condition that the proposed transferee, if not already bound by the terms of this Agreement and the Shareholders’ Agreement, will first agree in writing to become a party to and be bound by the terms of this Agreement and the Shareholders’ Agreement in the same capacity as the Shareholder who is transferring such Deposited Shares.
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Restrictions on Transfers of Deposited Shares. The Shareholder agrees he, she or it will not Transfer or create an Encumbrance on any of the Deposited Shares except with the Company’s prior written approval. The Company will not register on its books and records any Transfer of Deposited Shares unless approved by the Board of Directors and unless as otherwise required by applicable laws, the Board of Directors shall not be required to approve any Transfer of Deposited Shares. To the extent the Company authorizes any Transfer of a Deposited Share, the Company shall be entitled to require, as a condition of such Transfer, that the transferee become a party to this Agreement or any Shareholders’ Agreement and to pay all costs of the Company (including reasonable legal or administrative fees) to effect the Transfer, ARTICLE 3
Sample 1

Related to Restrictions on Transfers of Deposited Shares

  • Restrictions on Holders Each Holder agrees by acquisition of a Transfer Restricted Security that, upon receipt of the notice referred to in Section 6(c)(iii)(C) or any notice from the Company of the existence of any fact of the kind described in Section 6(c)(iii)(D) hereof (in each case, a "SUSPENSION NOTICE"), such Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to the applicable Registration Statement until (i) such Holder has received copies of the supplemented or amended Prospectus contemplated by Section 6(c)(iv) hereof, or (ii) such Holder is advised in writing by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by reference in the Prospectus (in each case, the "RECOMMENCEMENT DATE"). Each Holder receiving a Suspension Notice hereby agrees that it will either (i) destroy any Prospectuses, other than permanent file copies, then in such Holder's possession which have been replaced by the Company with more recently dated Prospectuses or (ii) deliver to the Company (at the Company's expense) all copies, other than permanent file copies, then in such Holder's possession of the Prospectus covering such Transfer Restricted Securities that was current at the time of receipt of the Suspension Notice. The time period regarding the effectiveness of such Registration Statement set forth in Section 3 or 4 hereof, as applicable, shall be extended by a number of days equal to the number of days in the period from and including the date of delivery of the Suspension Notice to the date of delivery of the Recommencement Date.

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