Common use of Transfer of Shares and Creation of Encumbrances Clause in Contracts

Transfer of Shares and Creation of Encumbrances. 1. Any inter vivos transfer of or creation of encumbrances over the ownership of shares representing the share capital of the Subconcessionaire or other rights relating to such shares, and any act involving the granting of voting rights or other shareholders’ rights to persons other than the original owners, shall be subject to the permission of the government.

Transfer of Shares and Creation of Encumbrances. 1. Any inter vivos transfer of or creation of encumbrances over the ownership of or rights over shares representing the share capital of the Subconcessionaire or other rights relating to such sharesSubconcessionaire, and as well as any act involving the granting of voting rights or other shareholders’ rights to persons other than the original owners, shall be are subject to the permission authorization of the government.

Transfer of Shares and Creation of Encumbrances. 1. Any inter vivos transfer of or creation of encumbrances over the ownership of shares representing the share capital of the Subconcessionaire Concessionaire or other rights relating to such shares, and any act involving the granting of voting rights or other shareholders’ rights to persons other than the original owners, shall be subject to the permission of the government.

Transfer of Shares and Creation of Encumbrances. 1. Any inter vivos transfer of or creation of encumbrances over the ownership of or rights over shares representing the share capital of the Subconcessionaire or other rights relating to such sharesconcessionaire, and as well as any act involving the granting of voting rights or other shareholders’ rights to persons other than the original owners, shall be are subject to the permission authorization of the governmentSecretary for Economy and Finance.