Common use of General Restriction on Transfer Clause in Contracts

General Restriction on Transfer. No Shareholder shall sell, transfer, encumber, pledge, will, or otherwise dispose of such Shareholder’s Shares, or allow such Shareholder’s Shares to pass under the intestate laws or by operation of law, except as permitted by this Agreement. If any Shares or any rights therein are transferred contrary to this Agreement, Phoenix retains a security interest in such Shares and in the proceeds of such disposition.

Appears in 2 contracts

Sources: Transition Agreement and Stock Pledge (Radiation Therapy Services Holdings, Inc.), Transition Agreement and Stock Pledge (Radiation Therapy Services Holdings, Inc.)