Limitation on Certain Permitted Transferee Rights. Unless otherwise specified by the Board of Directors of the Company, Permitted Transferees defined in Sections 1.4(a) and 1.4(b) shall receive only the economic rights of the Series C Preferred Shares pursuant to such Transfer (i.e., such transferees or assignees shall not be entitled to exercise any voting rights with respect to transferred Series C Preferred Shares under this Agreement or otherwise).
Appears in 2 contracts
Sources: Stockholders Agreement (Selway Partners LLC), Stockholders Agreement (Insci Corp)