Effect of Prohibited Transfer. If any Transfer of Executive Units is made contrary to the terms of this Agreement or the LLC Agreement, such Transfer shall be null and void. In addition to any other legal or equitable remedies it may have, the Company may enforce its rights to specific performance to the extent permitted by law and may exercise such other equitable remedies then available to it. The Company may refuse for any purpose to recognize any transferee who receives Executive Units contrary to the provisions of this Agreement or the LLC Agreement as a member of the Company.
Appears in 2 contracts
Sources: Vesting Agreement (American Fiber Systems, Inc.), Vesting Agreement (American Fiber Systems, Inc.)
Effect of Prohibited Transfer. If any Transfer of Executive Preferred Units is made contrary to the terms of this Agreement or the LLC Agreement, such Transfer shall be null and void. In addition to any other legal or equitable remedies it may have, the Company may enforce its rights to specific performance to the extent permitted by law and may exercise such other equitable remedies then available to it. The Company may refuse for any purpose to recognize any transferee who receives Executive Preferred Units contrary to the provisions of this Agreement or the LLC Agreement as a member of the Company.
Appears in 2 contracts
Sources: Vesting Agreement (Zayo Group LLC), Vesting Agreement (Zayo Group LLC)