Treatment of Prohibited Transfers. Unless the transfer is permitted as provided in Article NINTH, Section (3), any attempted transfer of Stock or Options in excess of the Stock or Options that could be transferred to the transferee without restriction under Article NINTH, Section (2)(a) shall be prohibited, shall be null and void ab initio and shall not be effective to transfer ownership of such excess Stock or Options (the “Prohibited Shares”) to the purported acquiror thereof (the “Purported Acquiror”), who shall not be entitled to any rights as a shareholder of the Corporation with respect to such Prohibited Shares (including, without limitation, the right to vote or to receive dividends with respect thereto).
Treatment of Prohibited Transfers. Unless the transfer is permitted as provided in Section 22, any attempted transfer of Series B Preferred Stock in excess of the Series B Preferred Stock that could be transferred to the transferee without restriction under Section 21(a) shall not be effective to transfer ownership of such excess Series B Preferred Stock (the “Prohibited Shares”) to the purported acquiror thereof (the “Purported Acquiror”), who shall not be entitled to any rights as a shareholder of the Corporation with respect to such Prohibited Shares (including, without limitation, the right to vote or to receive dividends with respect thereto).
Treatment of Prohibited Transfers. Unless the transfer is permitted as provided in Section 3 of this Article [—], any attempted transfer of Stock or Options in excess of the Stock or Options that could be transferred to the transferee without restriction under Section 2(a) of this Article [—] shall not be effective to transfer ownership of such excess Stock or Options (the “Prohibited Shares”) to the purported acquiror thereof (the “Purported Acquiror”), who shall not be entitled to any rights as a shareholder of the Corporation with respect to such Prohibited Shares (including, without limitation, the right to vote or to receive dividends with respect thereto).
Treatment of Prohibited Transfers. In the event a Principal Stockholder should sell any Common Stock in contravention of the participation rights of the Investor under this Agreement (a "Prohibited Transfer"), the Investor, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided in Section 2.2 below, and a Principal Stockholder shall be bound by the applicable provisions of such put option.
Treatment of Prohibited Transfers. In the event a Shareholder should engage in a Prohibited Transfer, the Holder, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided in Section 3.2.
Treatment of Prohibited Transfers. In the event that, notwithstanding the provisions of Section 1 hereof, a Leeds Affiliate should effectuate an effective Transfer of any Common Stock in contravention and breach of the Tag Along Rights of the Purchaser (a "Prohibited Transfer"), then the Purchaser, in addition to such other remedies as may be available at law, in equity or hereunder (including, without limitation, enforcing the voidability of the Prohibited Transfer as provided in Section 1 hereof), shall have the put option provided in Section 2.2 below, and Leeds shall be bound by the applicable provisions of such put option.
Treatment of Prohibited Transfers. In the event a Shareholder should sell any Common Shares or Convertible Securities in contravention of the participation rights of the Holder under this Agreement (a "Prohibited Transfer"), the Holder, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided in Section 3.2 and such Shareholder shall be bound by the applicable provisions of such put option.
Treatment of Prohibited Transfers. In the event any Shareholder should sell any Common Stock or Other Securities in contravention of this Agreement (a "Prohibited Transfer"), the Warrantholder, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the right to receive the Purchase Price in the same manner as the Warrantholder otherwise would have been entitled under this Agreement. For purposes of this Section 2.1, the Seller(s) shall pay to the Warrantholder such Purchase Price within thirty (30) days after the later of (i) the date on which the Warrantholder received notice from the Seller(s) of the Prohibited Transfer and (ii) the date the Warrantholder otherwise became aware of the Prohibited Transfer. Notwithstanding the foregoing, any transfer of shares, or purported or attempted transfer to be effected, not in accordance with the terms and conditions of this Agreement, shall be voidable by the Company at the option of the Warrantholder; provided, however, any such transfer or purported or attempted transfer or any such voidance by the Company shall not affect the obligation of the Transferee to pay the Purchase Price to the Warrantholder in accordance with Article I. In the event the Company receives notice from the Seller(s) of a Prohibited Transfer or otherwise becomes aware of a Prohibited Transfer, the Company shall promptly notify the Warrantholder. The Company agrees it will not effect any such transfer nor will it treat any alleged transferee as the registered owner of such shares of Common Stock or Other Securities without affording to the Warrantholder notice and opportunity to exercise its rights pursuant to Article I or Article II.
Treatment of Prohibited Transfers. In the event a Founder should sell any Common Stock of the Company in contravention of the participation rights of the Stockholders under this Agreement (a "Prohibited Transfer"), the Stockholders, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided in Section 3.2 below, and such Founder (the "Breaching Founder") shall be bound by the applicable provisions of such put option.
Treatment of Prohibited Transfers. In the event any Founder sells any Co-Sale Securities of the Company in contravention of the participation rights of the Purchasers under this Agreement (a "Prohibited Transfer"), the Purchasers, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided in Section 2.2 below, and the Founder shall be bound by the applicable provisions of such put option.
