Common use of Stop Transfer; Changes in Owned Shares Clause in Contracts

Stop Transfer; Changes in Owned Shares. Each Stockholder agrees that (a) this Agreement and the obligations hereunder shall attach to its Owned Shares and shall be binding upon any Person to which legal or beneficial ownership of such Owned Shares shall pass, whether by operation of law or otherwise, including its successors or assigns and (b) other than as permitted by this Agreement, such Stockholder shall not request that Rook register the Transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any or all of its Owned Shares; provided, that nothing herein shall prohibit or otherwise restrict a Transfer by a secured party exercising its remedies upon default under any Specified Pledging Transaction. Notwithstanding any Transfer, such Stockholder shall remain liable for the performance of all of its obligations under this Agreement.

Appears in 5 contracts

Samples: Support Agreement (SWIFT TRANSPORTATION Co), Support Agreement (SWIFT TRANSPORTATION Co), Support Agreement (Knight Transportation Inc)

AutoNDA by SimpleDocs

Stop Transfer; Changes in Owned Shares. Each Stockholder agrees that (a) this Agreement and the obligations hereunder shall attach to its Owned Shares and shall be binding upon any Person to which legal or beneficial ownership of such Owned Shares shall pass, whether by operation of law or otherwise, including its successors or assigns and (b) other than as permitted by this Agreement, such Stockholder shall not request that Rook Xxxxxx register the Transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any or all of its Owned Shares; provided, that nothing herein shall prohibit or otherwise restrict a Transfer by a secured party exercising its remedies upon default under any Specified Pledging Transaction. Notwithstanding any Transfer, such Stockholder shall remain liable for the performance of all of its obligations under this Agreement.

Appears in 1 contract

Samples: Support Agreement (Moyes Jerry)

AutoNDA by SimpleDocs

Stop Transfer; Changes in Owned Shares. Each Stockholder agrees that (a) this Agreement and the obligations hereunder shall attach to its Owned Shares and shall be binding upon any Person to which legal or beneficial ownership of such Owned Shares shall pass, whether by operation of law or otherwise, including its successors or assigns and (b) other than as permitted by this Agreement, such Stockholder shall not request that Rook Bxxxxx register the Transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any or all of its Owned Shares; provided, that nothing herein shall prohibit or otherwise restrict a Transfer by a secured party exercising its remedies upon default under any Specified Pledging Transaction. Notwithstanding any Transfer, such Stockholder shall remain liable for the performance of all of its obligations under this Agreement.

Appears in 1 contract

Samples: Support Agreement (Knight Transportation Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!