Release of Liability. In the event any Shareholder shall Transfer all of the Common Shares held by such Shareholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 12 contracts
Sources: Voting and Shareholders’ Agreement (Enstar Group LTD), Shareholder Agreement (Enstar Group LTD), Shareholders Agreement
Release of Liability. In the event any Shareholder Stockholder shall Transfer all of the Common Shares Stock held by such Shareholder Stockholder in compliance with the provisions of this Agreement (including, without limitation, if accompanied with the assignment of rights and obligations hereunder, the execution and delivery by the transferee of a Joinder Agreement) without retaining any interest therein, then such Shareholder Stockholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer, except in the case of fraud or intentional misconduct.
Appears in 7 contracts
Sources: Registration Rights Agreement (Better Home & Finance Holding Co), Registration Rights Agreement (Aurora Acquisition Corp.), Investor Rights Agreement (Tailwind Acquisition Corp.)
Release of Liability. In the event any Shareholder Stockholder shall Transfer all of the Common Shares Stock held by such Shareholder Stockholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder Stockholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 6 contracts
Sources: Stockholders Agreement (GlassBridge Enterprises, Inc.), Stockholders Agreement, Flash Cf Preferred Stock Subscription Agreement
Release of Liability. In the event any Shareholder shall Transfer all of the Common Shares Stock held by such Shareholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 4 contracts
Sources: Shareholder Agreement (Ameris Bancorp), Stock Purchase Agreement (Ameris Bancorp), Shareholder Agreement (Apollo Investment Corp)
Release of Liability. In the event If any Shareholder shall Transfer all of the Common Shares held by such Shareholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 3 contracts
Sources: Share Purchase Agreement, Shareholder Agreement (Atlantica Yield PLC), Shareholder Agreement (Algonquin Power & Utilities Corp.)
Release of Liability. In the event any Shareholder shall Transfer Transfers all of the Common Shares held by such Shareholder it in compliance with the provisions of this Agreement without retaining any interest therein, then such that Shareholder shall will cease to be a party to this Agreement and shall will be relieved and have no further liability arising hereunder for events occurring from and after the date of such that Transfer.
Appears in 3 contracts
Sources: Shareholders Agreement (Via Optronics AG), Shareholders Agreement (Via Optronics AG), Shareholders' Agreement (Via Optronics AG)
Release of Liability. In the event any Shareholder shall Transfer all of the Common Shares Stock held by such Shareholder in compliance with the provisions of this Agreement (including, without limitation, if accompanied with the assignment of rights and obligations hereunder, the execution and delivery by the transferee of a Joinder Agreement) without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer, except in the case of any breach of this Agreement occurring prior to such Transfer.
Appears in 2 contracts
Sources: Lock Up Agreement (Anghami Inc), Lock Up Agreement (Vistas Media Acquisition Co Inc.)
Release of Liability. In the event any Shareholder Stockholder shall Transfer all of the Common Shares Equity Securities held by such Shareholder Stockholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder Stockholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer; provided that with respect to such Transfer the transferee thereof shall have executed and delivered to the Stockholders and the Company a Joinder Agreement to the extent required by Section 3.01(d).
Appears in 2 contracts
Sources: Stockholders’ Agreement (Peak Resorts Inc), Stockholders’ Agreement (Peak Resorts Inc)
Release of Liability. In Except as otherwise provided herein, in the event any Shareholder shall Transfer Transfers all of the Common Shares held by such Shareholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder for events occurring from and after the date of such Transfer.
Appears in 2 contracts
Sources: Shareholders Agreement (Cannabis Global, Inc.), Common Stock Purchase Agreement (Cannabis Global, Inc.)
Release of Liability. In the event any Shareholder shall Transfer all of the Common Shares Capital Stock held by such Shareholder in compliance with the provisions of this Agreement without retaining any interest therein, then such Shareholder shall cease to be a party to this Agreement and shall be relieved and have no further liability arising hereunder (other than ARTICLE IV and ARTICLE VIII) for events occurring from and after the date of such Transfer.
Appears in 1 contract