Common use of Limitation on Transfers Clause in Contracts

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), except as expressly permitted by this Section 2. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 2 contracts

Sources: Shareholder Agreement, Shareholder Agreement (Sohu Com Inc)

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), except as expressly permitted by this Section 26. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 2 contracts

Sources: Shareholders Agreement, Shareholders Agreement (China Sunergy Co., Ltd.)

Limitation on Transfers. No Shareholder shall directly or indirectly sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), except as expressly permitted by unless such Transfer is made in compliance with this Section 23. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 2 contracts

Sources: Shareholders Agreement, Shareholder Agreement (JD.com, Inc.)

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), except as expressly permitted by unless such Transfer is made in compliance with this Section 23. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 2 contracts

Sources: Shareholder Agreement (Bitauto Holdings LTD), Shareholder Agreement (Bitauto Holdings LTD)

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a "Transfer"), except as expressly permitted by this Section 2Clause 6. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initiovoid, and the Company shall not register any such Transfer.

Appears in 1 contract

Sources: Joint Venture Agreement (Movado Group Inc)

Limitation on Transfers. No Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of, or suffer to exist (whether by operation of law or otherwise) any Encumbrance on, any Shares or any right, title or interest therein or thereto (each, a “Transfer”), except as expressly permitted by this Section 23. Any attempt to Transfer any Shares in violation of the preceding sentence shall be null and void ab initio, and the Company shall not register any such Transfer.

Appears in 1 contract

Sources: Shareholders Agreement (Bitauto Holdings LTD)

Limitation on Transfers. No Except as permitted in Section 3.1.1 hereof, no Shareholder shall sell, give, assign, hypothecate, pledge, encumber, grant a security interest in in, or otherwise dispose of, or suffer to exist of (whether by operation of law law, or otherwise) any Encumbrance on, any Ordinary Shares or any right, title or interest therein or thereto (each, each a "Transfer"), except as expressly permitted by other than in a bona fide sale of such Ordinary Shares in accordance with the provisions of this Section 2Agreement. Any attempt to Transfer any Ordinary Shares in violation of the preceding sentence shall be null and void ab initio, initio and the Company shall not register any such Transfer.

Appears in 1 contract

Sources: Shareholders' Agreement (Ibeam Broadcasting Corp)