Common use of Transfers Not In Compliance Clause in Contracts

Transfers Not In Compliance. A purported or attempted Transfer of Registrable Securities by a Stockholder that does not comply with this Agreement shall be void ab initio and the purported transferee or successor by operation of law shall not be deemed to be a stockholder of the Company for any purpose and shall not be entitled to any of the rights of a stockholder, including, without limitation, the right to vote any Registrable Securities entitled to vote or to receive a certificate or certificates for the Registrable Securities or any dividends or other distributions on or with respect to the Registrable Securities.

Appears in 2 contracts

Samples: Acquisition Agreement (NRG Energy, Inc.), Investor Rights Agreement (NRG Energy, Inc.)

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Transfers Not In Compliance. A purported or attempted Transfer of Registrable Securities by a the Stockholder that does not comply with this Agreement shall be void ab initio and the purported transferee or successor by operation of law shall not be deemed to be a stockholder of the Company for any purpose and shall not be entitled to any of the rights of a stockholder, including, without limitation, including the right to vote any Registrable Securities entitled to vote or to receive a certificate or certificates for the Registrable Securities or any dividends or other distributions on or with respect to the Registrable Securities.

Appears in 2 contracts

Samples: Shareholders Agreement (ITC Holdings Corp.), Purchase Agreement (ITC Holdings Corp.)

Transfers Not In Compliance. A Any purported or attempted Transfer of Registrable Equity Securities of the Company by a Stockholder Shareholder that does not comply with this Agreement shall be void ab initio and the purported transferee Transferee or successor by operation of law shall not be deemed to be a stockholder shareholder of the Company for any purpose and shall not be entitled to any of the rights of a stockholdershareholder, including, without limitation, including the right to vote any Registrable such Equity Securities entitled to vote or to receive a certificate or certificates for the Registrable such Equity Securities or any dividends or other distributions distribution on or with respect to the Registrable such Equity Securities.

Appears in 2 contracts

Samples: Shareholders’ Agreement (Patheon N.V.), Shareholders’ Agreement (Patheon Holdings Cooperatief U.A.)

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Transfers Not In Compliance. A purported or attempted Transfer of Registrable Securities Shares by a Stockholder that does not comply with the terms of this Agreement shall be void ab initio initio, and the purported transferee or successor by operation of law Law shall not be deemed to be a stockholder of the Company for any purpose and shall not be entitled to any of the rights of a stockholder, including, without limitation, the right to vote any Registrable Securities entitled to vote the Shares or to receive a certificate or certificates for the Registrable Securities Common Stock or any dividends or other distributions distribution on or with respect to the Registrable SecuritiesCommon Stock.

Appears in 1 contract

Samples: Stockholders’ Agreement (Healthsouth Corp)

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