Common use of Invalid Transfer Clause in Contracts

Invalid Transfer. Notwithstanding anything to the contrary herein, in the event of any purported Transfer by any of the Investor Parties of any shares of Common Stock in violation of the provisions of this Agreement, such purported Transfer will be void and the Company will not give effect to such Transfer, shall not record any such improper transfer on its books or otherwise treat any purported transferee as the owner of such stock for any purpose.

Appears in 3 contracts

Sources: Investor Agreement, Investor Agreement (Ares Corporate Opportunities Fund II, L.P.), Investor Agreement (Nortek Inc)