Effect of Void Transfers. In the event of any purported Transfer of any Shares in violation of the provisions of this Agreement, such purported Transfer shall be void and of no effect and Parent shall not give effect to such Transfer. Parent shall not be required to enter in its stock or other records, or reflect, recognize or give effect to for any purpose, any Transfer of Shares in violation of this Agreement.
Appears in 2 contracts
Sources: Lock Up Agreement (Primedia Inc), Lock Up Agreement (Primedia Inc)