Common use of Restrictions on Transfers of Securities Clause in Contracts

Restrictions on Transfers of Securities. Prior to the Termination --------------------------------------- Date, the Shareholder hereby agrees that it shall not Transfer, or permit the Transfer of, all or any of the Securities beneficially owned by it without the prior written consent of Xxxxxxxxxx which may be given or denied in its sole discretion for any reason or for no reason. No Transfer shall be effective and the Company shall not, and shall not be compelled to, recognize any Transfer or record any Transfer on its books if such Transfer is prohibited by this Agreement, or issue any certificate representing any Securities to any Person who has received such Securities in a Transfer made in contravention of the terms of this Agreement. The parties agree that the restrictions on Transfer set forth in this Agreement are not manifestly unreasonable.

Appears in 4 contracts

Samples: Voting Agreement (Pameco Corp), Voting Agreement (Littlejohn Fund Ii L P), Voting Agreement (Pameco Corp)

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