Common use of Trustee Has No Authority to Transfer Clause in Contracts

Trustee Has No Authority to Transfer. (a) Except as set forth in this Section 3.05, and except for purposes of effecting a Permitted Encumbrance or a Permitted Hedge or a Transfer to a Permitted Family Transferee in accordance with Section 8.01, the Trustee shall have no authority to Transfer any of the Trust Shares.

Appears in 8 contracts

Samples: Voting Trust Agreement, Voting Trust Agreement, Trust Agreement (Molson Coors Brewing Co)

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Trustee Has No Authority to Transfer. (a) Except as set forth in this Section 3.05, and except for purposes of effecting a Permitted Encumbrance or a Permitted Hedge or a Transfer to a Permitted Family Transferee in accordance with Section 8.01, the Trustee shall have no authority to Transfer any of the Trust Shares.

Appears in 2 contracts

Samples: Combination Agreement (Coors Adolph Co), Combination Agreement (Coors Adolph Co)

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