Common use of Restrictions on Transfers of Deposited Shares Clause in Contracts

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.

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.

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 SharesShare.

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 ActNRS, 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.