Transfer of Shares; No Pledging of Shares. (a) The Shareholders may not, directly or indirectly, transfer any Shares, except that a Shareholder may transfer Shares owned by it to a wholly owned subsidiary of such Shareholder, to another Shareholder or to a wholly owned subsidiary of another Shareholder. Any purported transfer of Shares in contravention of this Section 3.1 shall be null and void and of no force or effect.
Appears in 18 contracts
Samples: Shareholders Agreement (CommonWealth REIT), Shareholders Agreement (Hospitality Properties Trust), Shareholders Agreement (Travelcenters of America LLC)