Common use of Restrictions on Share Transfer Clause in Contracts

Restrictions on Share Transfer. The right to transfer securities (including for greater clarity Amalco Shares), other than non-convertible debt securities, shall be restricted and no such securities shall be transferred without the consent of either: (i) the directors of Amalco, expressed by a resolution passed by a majority of the board of directors of Amalco at a meeting of directors or by an instrument or instruments in writing signed by all of the directors of Amalco; or (ii) the holder or holders of a majority of the outstanding shares of Amalco entitled to vote expressed by resolution passed at a meeting of the shareholders of Amalco or by an instrument or instruments in writing signed by the holder or holders of a majority of the outstanding shares of Amalco entitled to vote at meetings of shareholders of Amalco.

Appears in 2 contracts

Sources: Business Combination Agreement, Business Combination Agreement

Restrictions on Share Transfer. The right to transfer securities (including for greater clarity Amalco Shares)certainty shares) of Amalco, other than non-convertible nonconvertible debt securities, shall be restricted and no such securities shall be transferred without the consent of either: (ia) the directors of Amalco, expressed by a resolution passed by a majority of the board of directors of Amalco at a meeting of directors or by an instrument or instruments in writing signed by all a majority of the directors of Amalco; or (iib) the holder or holders of a majority of the outstanding shares of Amalco entitled to vote expressed by resolution passed at a meeting of the shareholders of Amalco or by an instrument or instruments in writing signed by the holder or holders of a majority of the outstanding shares of Amalco entitled to vote at meetings of shareholders of Amalco.

Appears in 2 contracts

Sources: Business Combination Agreement, Business Combination Agreement

Restrictions on Share Transfer. The right to transfer securities (including for greater clarity shares of Amalco Shares), other than non-convertible debt securities, shall be restricted and in that no such securities shareholder shall be transferred entitled to transfer any share or shares without the consent of either: (i) the approval of the directors of Amalco, Amalco expressed by a resolution passed by at a majority meeting of the board of directors of Amalco at a meeting of directors or by an instrument or instruments a resolution in writing signed by all of the directors entitled to vote on that resolution at a meeting of Amalcodirectors; or (ii) the holder or approval of the holders of shares of Amalco carrying at least a majority of the outstanding shares of Amalco votes entitled to vote be cast at a meeting of shareholders, expressed by a resolution passed at a meeting of the shareholders holders of Amalco such shares or by an instrument or instruments in writing signed by the holder or holders of a majority of the outstanding shares of Amalco entitled to vote at meetings of shareholders of Amalcosuch shares.

Appears in 1 contract

Sources: Business Combination Agreement