Common use of Stop Transfer Restriction Clause in Contracts

Stop Transfer Restriction. In furtherance of this Agreement, the Equity Holders shall, and hereby do authorize Acquisition Sub's counsel to notify NewPower's transfer agent, that a stop transfer restriction is imposed with respect to all of the Covered Shares and the Owned Class A Warrants (and that this Agreement places limits on the transfer of the Covered Shares and Owned the Class A Warrants). Notwithstanding the foregoing sentence, if such a stop transfer is imposed and this Agreement is terminated, the Equity Holders may notify the transfer agent that the stop transfer is terminated and Buyer shall provide any and all notices or instructions to reflect such termination.

Stop Transfer Restriction. In furtherance of this Agreement, each of the Equity Holders shall, and hereby do does, authorize Acquisition Sub's counsel to notify NewPower's transfer agentagent after the Bankruptcy Court has approved this Agreement, that a stop transfer restriction is imposed with respect to all of the Covered Shares and the Owned Class A Warrants (and that this Agreement places limits on the voting and transfer of the such Covered Shares and Owned the Class A Warrants). Notwithstanding the foregoing sentence, if such a stop transfer is imposed and this Agreement is terminated, the Equity Holders may notify the transfer agent that the stop transfer is terminated and Buyer shall provide any and all notices or instructions to reflect such termination.