Transaction Void Sample Clauses

The Transaction Void clause establishes the conditions under which a transaction is rendered null and without legal effect. Typically, this clause applies if certain requirements are not met, such as the failure to obtain necessary approvals, the discovery of fraud, or the breach of key terms by one party. By clearly outlining when a transaction can be voided, this clause protects parties from being bound by agreements that are fundamentally flawed or invalid, ensuring that neither side is unfairly obligated under compromised circumstances.
Transaction Void. Notwithstanding the foregoing, any attempt by the Prohibited Transferor to Transfer Shares in violation of Section 3.02 hereof shall be void and the Company agrees it will not honor such a Transfer.
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Transaction Void. If an Interest in Company that is covered by this Article 9 is purportedly sold, assigned, transferred, or otherwise disposed of in a transaction that is not in compliance with the requirements of this Article 9, such purported sale, assignment or transfer shall be void and have no force or effect.
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Transaction Void. If an interest in the Partnership (including an Offered Interest, a Shopped Interest, a Tag-Along Interest, or a Drag-Along Interest) that is covered by this Article X is purportedly sold, assigned, transferred, or otherwise disposed of in a transaction that is not in compliance with the requirements of this Article X, such purported sale, assignment or transfer shall be void and have no force or effect.
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Transaction Void. Each of the Parties hereto do hereby covenant and agree that, as at the “Closing” (hereinafter defined), the Transaction and all transactions related thereto, and any agreements or documents related thereto, Parties be, and the same hereby is, terminated, cancelled and rescinded ab initio, and shall be of no further force or effect, as a result of which the Transaction shall be deemed not to have occurred (the “Rescission”).
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Transaction Void. Each of the Parties hereto do hereby covenant and agree that, as at the “Closing” (hereinafter defined), the Purchase Agreement and all of the transactions contemplated thereby be, and the same hereby is, rescinded ab initio, and shall be of no further force or effect, as a result of which the Transaction shall be deemed not to have occurred, and, notwithstanding anything to the contrary in the Note, the Note is also hereby terminated and rescinded ab initio, and shall be of no further force or effect (collectively, the “Rescission”). It is intended that the Rescission will place each of the Parties in the same respective position that each was in prior to the completion of the Transaction on June 21, 2017.
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Transaction Void. Any purported Transfer of Unit(s) or other Equity Security(ies) that violates or is otherwise not in accordance with Section 11.1 (a “Prohibited Transfer”) shall be null and void and of no force or effect whatsoever; provided, however, that, if the Company is required by law or order of a court of competent jurisdiction to recognize any Prohibited Transfer, then the Membership Interest that is Transferred (if any) shall be strictly limited to the transferor’s rights to allocations and distributions as provided by this Agreement with respect to the Transferred Membership Interest, which allocations and distributions may be applied (without limiting any other legal or equitable rights of the Company) to satisfy any debts, obligations, or liabilities for damages that the transferor or transferee of such Membership Interest may have to the Company. A transferee who acquires a Membership Interest by a Prohibited Transfer shall be subject to, and shall only have the rights set forth in, Section 11.7.
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Transaction Void. Each of the Parties hereto do hereby covenant and agree that, as at the “Closing” (hereinafter defined), the Purchase Agreement and all of the transactions contemplated thereby be, and the same hereby is, rescinded ab initio, and shall be of no further force or effect, as a result of which the Transaction shall be deemed not to have occurred (the “Rescission”). It is intended that the Rescission will place each of the Parties in the same respective position that each was in prior to the completion of the Transaction on June 29, 2017.
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Transaction Void. If an interest in the Partnership (including an Offered Interest, a Shopped Interest, a Tag-Along Interest, or a Drag-Along Interest) that is covered by this Section 11 is purportedly sold, assigned, transferred or otherwise disposed of in a transaction that is not in compliance with the requirements of this Section 11, such purported sale, assignment, transfer or other disposition shall be void and have no force or effect.
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Related to Transaction Void

  • Transaction (1) The present Settlement Agreement constitutes a transaction in accordance with Articles 2631 and following of the Civil Code of Quebec, and the Parties are hereby renouncing any errors of fact, of law and/or of calculation.

  • Merger Transaction 2.1 Merger of Acquisition Sub into the Company. Upon the terms and subject to the conditions set forth in this Agreement and in accordance with the DGCL, at the Effective Time (as defined in Section 2.3), Acquisition Sub shall be merged with and into the Company, the separate existence of Acquisition Sub shall cease and the Company will continue as the surviving corporation in the Merger (the “Surviving Corporation”).

  • Formation Transactions The Formation Transactions shall have been or shall be consummated substantially concurrently in accordance with the timing set forth in the respective Formation Transaction Documentation.

  • Acquisition Transactions The Company shall provide the holder of this Warrant with at least twenty (20) days’ written notice prior to closing thereof of the terms and conditions of any of the following transactions (to the extent the Company has notice thereof): (i) the sale, lease, exchange, conveyance or other disposition of all or substantially all of the Company’s property or business, or (ii) its merger into or consolidation with any other corporation (other than a wholly-owned subsidiary of the Company), or any transaction (including a merger or other reorganization) or series of related transactions, in which more than 50% of the voting power of the Company is disposed of.

  • Negotiated Transaction The provisions of this Agreement were negotiated by the parties hereto, and this Agreement shall be deemed to have been drafted by all of the parties hereto.