Common use of Legend and Stop Transfer Order Clause in Contracts

Legend and Stop Transfer Order. (a) Shareholder agrees: (i) to the placement of the following legend on each certificate representing Voting Securities owned by Shareholder of any affiliate; “The shares evidenced by this certificate are subject to, and may be sold, transferred or otherwise disposed of only upon compliance with, the terms and the provisions of a certain Agreement by and between ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Homburg Invest Inc. and Cedar Income Fund, Ltd., a copy of which is on file and may be examined at the office of the Secretary of Cedar Income Fund, Ltd.” (ii) That CIF may give stop transfer orders to its transfer agent with respect to the Shares. (b) the transfer of any Voting Securities which are sold in contravention of the provisions of this Agreement shall not be registered on the books of CIF, and no person to whom any such sale is made shall be recognized as the holder of such Voting Securities or acquire any voting, dividend or other rights in respect hereof. (c) At any time after the termination of this Agreement and, during the term of this Agreement, so long as Shareholder is not in default hereunder, Shareholder may submit certificates bearing the legend set forth in (a) above to the Company’s transfer agent and CIF agrees to have such transfer agent promptly exchange such certificates for new certificates without any legend. If the Shareholder has the right to have the legend removed from the certificate following the sale of the Shares represented thereby, CIF agrees to have its transfer agent promptly issue a new certificate to the purchaser without any legend thereon.

Legend and Stop Transfer Order. (a) Shareholder agrees: (i) to the placement of the following legend on each certificate representing Voting Securities owned by Shareholder of any affiliate; “: "The shares evidenced by this certificate are subject to, and may be sold, transferred or otherwise disposed of only upon compliance with, the terms and the provisions of a certain Agreement by and between ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Homburg Invest Inc. and Cedar Income Fund, Ltd., a copy of which is on file and may be examined at the office of the Secretary of Cedar Income Fund, Ltd.”" (ii) That CIF may give stop transfer orders to its transfer agent with respect to the Shares. (b) the transfer of any Voting Securities which are sold in contravention of the provisions of this Agreement shall not be registered on the books of CIF, and no person to whom any such sale is made shall be recognized as the holder of such Voting Securities or acquire any voting, dividend or other rights in respect hereof. (c) At any time after the termination of this Agreement and, during the term of this Agreement, so long as Shareholder is not in default hereunder, Shareholder may submit certificates bearing the legend set forth in (a) above to the Company’s 's transfer agent and CIF agrees to have such transfer agent promptly exchange such certificates for new certificates without any legend. If the Shareholder has the right to have the legend removed from the certificate following the sale of the Shares represented thereby, CIF agrees to have its transfer agent promptly issue a new certificate to the purchaser without any legend thereon.

Legend and Stop Transfer Order. (a) Shareholder Warrant-Holder agrees: (i) to the placement of the following legend on each certificate representing Voting Securities (and Operating Partnership Units, as applicable) owned by Shareholder Warrant-Holder of any affiliate; “: "The shares evidenced by this certificate are subject to, and may be sold, transferred or otherwise disposed of only upon compliance with, the terms and the provisions of a certain Agreement by and between ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Homburg Invest ARC Properties, Inc. and Cedar Income Fund, Ltd., a copy of which is on file and may be examined at the office of the Secretary of Cedar Income Fund, Ltd.”" (ii) That CIF may give stop transfer orders to its transfer agent with respect to the Shares. (b) the The transfer of any Voting Securities (or Operating Units or Warrants) which are sold in contravention of the provisions of this Agreement shall not be registered on the books of CIF, and no person to whom any such sale is made shall be recognized as the holder of such Voting Securities (or Operating Units or Warrants) or acquire any voting, dividend or other rights in respect hereofthereof. (c) At any time after the termination of this Agreement and, during the term of this Agreement, so long as Shareholder Warrant-Holder is not in default hereunder, Shareholder Warrant-Holder may submit certificates bearing the legend set forth in (a) above to the Company’s 's transfer agent and CIF agrees to have such transfer agent promptly exchange such certificates for new certificates without any legend. If the Shareholder Warrant-Holder has the right to have the legend removed from the certificate following the sale of the Shares represented thereby, CIF agrees to have its transfer agent promptly issue a new certificate to the purchaser without any legend thereon.