Waiver of Certain Transfer Restrictions Sample Clauses
The Waiver of Certain Transfer Restrictions clause serves to exempt specific transfers of rights or interests from otherwise applicable limitations or prohibitions in an agreement. In practice, this clause might allow a party to transfer shares, assign contractual rights, or otherwise dispose of interests without needing prior consent or meeting certain conditions that would normally apply. By including this waiver, the clause provides flexibility for parties to complete certain transactions more efficiently, addressing potential obstacles and reducing administrative burdens associated with transfer restrictions.
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Waiver of Certain Transfer Restrictions. Each Seller hereby irrevocably waives any and all restrictions on transfer, first refusal rights, first offer rights, repurchase rights, preemptive rights or similar rights (if any) and any and all similar restrictions, rights or provisions contained in any of the Company’s or Subsidiary’s charter, bylaws or any outstanding stock restriction agreement, stockholders agreements, stock purchase agreement or similar agreement or instrument or otherwise affecting Seller’s right to transfer or to sell his or her shares of the Company’s stock to any third party purchaser.
Waiver of Certain Transfer Restrictions. In connection with the transactions contemplated in this Agreement, the Shareholders hereby expressly waive the applicability of any provision of that certain Stockholders Agreement, dated as of August 31, 1995 (as amended, the "Stockholders Agreement"), between the Company, the Shareholders and the other parties listed on the signature page thereto, and the Stockholders Agreement and Registration Rights Agreement, dated as of August 31, 1995, shall terminate and be of no further force and effect as of the Closing.
Waiver of Certain Transfer Restrictions. In the event a Stockholder wishes to Transfer any Voting Securities pursuant to Section 2.02(b)(vi), the Company shall (subject to the limitations set forth in Section 2.02(c)) permit such Transfer under Section 3(A)(4)(b) of Article IV of the Certificate of Incorporation.
Waiver of Certain Transfer Restrictions. Concurrently with the Closing, the Company and the Shareholders hereby expressly waive all of their rights to purchase Shares in connection with the transactions contemplated in this Agreement under (a) the Shareholders Agreement, dated January 25, 1995, between the Company and the shareholders of the Company (the "Shareholders Agreement") and (b) the Company's by-laws. The Shareholders Agreement shall terminate and be of no further force and effect as of the Closing.
Waiver of Certain Transfer Restrictions. Concurrently with the Closing, the Company expressly waives the restrictions on transfer of the Options contained in those certain Stock Option Agreements, dated as of February 10, 1998, by and between the Company and each of ▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇.
Waiver of Certain Transfer Restrictions. The Company and each Stockholder hereby expressly waive any restriction on transfer under Section 1 of the Stockholders Agreement to the extent, but only to the extent, necessary to permit any Junior Stockholder to roll-over all or any portion of the Subject Shares held by such Junior Stockholder for capital stock of the Purchaser as contemplated by the Merger Agreement.