Effect of Void Transfers. In the event of any purported Transfer of Shares in violation of the provisions of this Agreement and/or any purported Transfer to a Prohibited Person, such purported Transfer shall be void and of no effect, the purported transferee shall have no rights or privileges in or with respect to such Shares or this Agreement, and no effect will be given to any such purported Transfer or entry related thereto made in the records of the Company, to the extent permitted by applicable law.
Appears in 2 contracts
Sources: Shareholders Agreement, Shareholders Agreement (Central European Distribution Corp)