Common use of Transfers Not In Compliance Clause in Contracts

Transfers Not In Compliance. A purported or attempted Transfer of Shares or Warrants by an Investor, and any purported assignment of Investor’s rights and obligations hereunder, that does not comply with Section 2.1, Section 2.2, Section 2.3 and Section 8.9 shall be void ab initio and the purported transferee or successor by operation of law shall not be deemed to be a stockholder or warrantholder of the Company for any purpose and shall not be entitled to any of the rights of (i) in the case of a Transfer of Shares, a stockholder, including, without limitation, the right to vote any Shares entitled to vote or to receive a certificate or certificates for the Shares or any dividends or other distributions on or with respect to the Shares or (ii) in the case of a Transfer of Warrants, a warrantholder, including, without limitation, the right to exercise such Warrants or to receive shares of Common Stock in respect thereof.

Appears in 4 contracts

Samples: Investor Rights Agreement (Conseco Inc), Investor Rights Agreement (Conseco Inc), Investor Rights Agreement (Paulson & Co Inc)

AutoNDA by SimpleDocs

Transfers Not In Compliance. A purported or attempted Transfer of Shares or Warrants by an Investora Shareholder Party, and any purported assignment of Investora Shareholder Party’s rights and obligations hereunder, that does not comply with Section 2.1, Section 2.2, Section 2.3 and Section 8.9 8.8 shall be void ab initio and the purported transferee or successor by operation of law shall not be deemed to be a stockholder shareholder or warrantholder of the Company for any purpose and shall not be entitled to any of the rights of (i) in the case of a Transfer of Shares, a stockholdershareholder, including, without limitation, the right to vote any Shares entitled to vote or to receive a certificate or certificates for the Shares or any dividends or other distributions on or with respect to the Shares or any rights or remedies of a Shareholder Party under this Agreement, or (ii) in the case of a Transfer of Warrants, a warrantholder, including, without limitation, the right to exercise such Warrants or to receive shares of Common Stock in respect thereof.

Appears in 1 contract

Samples: Investor Rights Agreement (Wmi Holdings Corp.)

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