Common use of Prohibited Transfer Clause in Contracts

Prohibited Transfer. In the event a Restricted Seller should sell any Shares in disregard or contravention of the right of first refusal or co-sale rights under this Agreement (a “Prohibited Transfer”), the Investors, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided below, and such Restricted Seller (the “Transferring Party”) shall be bound by the applicable provisions of such option.

Appears in 2 contracts

Sources: Right of First Refusal and Co Sale Agreement, Right of First Refusal and Co Sale Agreement (HiSoft Technology International LTD)

Prohibited Transfer. In the event a Restricted Seller Selling Shareholder should sell any Transfer Shares in disregard or contravention of Section 10.1, or the right of first refusal under Section 4.2 or the co-sale rights under Section 5.1 of this Agreement (a “Prohibited Transfer”), the InvestorsNon-Selling Shareholders, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided below, and such Restricted Seller (the “Transferring Party”) Selling Shareholder shall be bound by the applicable provisions of such option.

Appears in 2 contracts

Sources: Shareholder Agreement (Yuanbao Inc.), Shareholder Agreement (Yuanbao Inc.)

Prohibited Transfer. In the event a Restricted Seller Selling Shareholder should sell any Transfer Shares in disregard or contravention of the right of first refusal or co-sale rights under this Agreement (a “Prohibited Transfer”), the InvestorsInvestor, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided below, and such Restricted Seller (the “Transferring Party”) Selling Shareholder shall be bound by the applicable provisions of such option.

Appears in 1 contract

Sources: Investor's Rights Agreement (Ninetowns Internet Technology Group Co LTD)