Common use of Transaction Void Clause in Contracts

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.

Appears in 1 contract

Sources: Partnership Agreement (Texas Unwired)

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.

Appears in 1 contract

Sources: Omnibus Agreement (Unwired Telecom Corp)