Common use of Transfers Not In Compliance Clause in Contracts

Transfers Not In Compliance. Notwithstanding anything to the contrary contained in this Agreement, any Transfer or attempted Transfer by any Holder of any share(s) of Common Stock, Preferred Stock or Common Stock Equivalents of the Company in violation of any provision of this Agreement shall be null and void ab initio and of no force or effect whatsoever, no such Transfer shall be recorded on the Company’s books and the purported Transferee in any such Transfer shall not be treated (and the Holder proposing to make any such Transfer shall continue be treated) as the owner of such Equity Interests of the Company for all purposes of this Agreement. The Company may institute legal proceedings to force rescission of a Transfer prohibited by this Agreement and to seek any other remedy available to it at law, in equity or otherwise, including an injunction prohibiting any such Transfer.

Appears in 3 contracts

Samples: Stockholders Agreement (Bristow Group Inc), Stockholders Agreement, Stockholders Agreement

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Transfers Not In Compliance. Notwithstanding anything to the contrary contained in this Agreement, any Transfer or attempted Transfer by any Holder of any share(s) of Common Stock, Preferred Stock or Common Stock Equivalents of the Company in violation of any provision of this Agreement shall be null and void ab initio and of no force or effect whatsoever, no such Transfer shall be recorded on the Company’s 's books and the purported Transferee in any such Transfer shall not be treated (and the Holder proposing to make any such Transfer shall continue be treated) as the owner of such Equity Interests of the Company for all purposes of this Agreement. The Company may institute legal proceedings to force rescission of a Transfer prohibited by this Agreement and to seek any other remedy available to it at law, in equity or otherwise, including an injunction prohibiting any such Transfer.

Appears in 1 contract

Samples: Stockholders Agreement

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Transfers Not In Compliance. Notwithstanding anything to the contrary contained in this Agreement, any Transfer or attempted Transfer by any Holder of any share(s) of Common Stock, Preferred Stock or Common Stock Equivalents of the Company Securities in violation of any provision of this Agreement shall be null and void ab initio and of no force or effect whatsoever, no such Transfer shall be recorded on the Company’s books and the purported Transferee in any such Transfer shall not be treated (and the Holder Securityholder proposing to make any such Transfer shall continue be treated) as the owner of such Equity Interests of the Company Securities for all purposes of this Agreement. The Company may institute legal proceedings to force rescission of a Transfer prohibited by this Agreement and to seek any other remedy available to it at law, in equity or otherwise, including an injunction prohibiting any such Transfer.

Appears in 1 contract

Samples: Securityholders Agreement (Hornbeck Offshore Services Inc /La)

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