Transfer of Shares Generally Sample Clauses
The 'Transfer of Shares Generally' clause defines the rules and procedures governing how shares in a company may be transferred from one party to another. It typically outlines the conditions under which a shareholder can sell or assign their shares, such as requiring board approval, compliance with pre-emption rights, or adherence to specific notice periods. This clause ensures that share transfers are conducted in an orderly manner, protecting the interests of existing shareholders and maintaining control over the company's ownership structure.
Transfer of Shares Generally. Shares shall be transferable on the books of account for the Trust only by the record holder thereof or by his or her duly authorized agent upon delivery to the Sponsor or the Transfer Agent or similar agent of a duly executed instrument of transfer, and such evidence of the genuineness of each such execution and authorization and of such other matters as may be required by the Sponsor. Upon such delivery, and subject to any further requirements specified by the Sponsor, the transfer shall be recorded on the books of account for the Trust. Until a transfer is so recorded, the Shareholder of record of Shares shall be deemed to be the Shareholder with respect to such Shares for all purposes hereunder and neither the Sponsor nor the Trust, nor the Transfer Agent or any similar agent or registrar or any officer, employee or agent of the Trust, shall be affected by any notice of a proposed transfer.
Transfer of Shares Generally. During the term of this Agreement, no Shareholder shall make any transfer of any Shares except for transfers permitted by the Shareholders' Agreement.
Transfer of Shares Generally. Shares shall be transferable on the books of account for the Fund only by the record holder thereof or by his or her duly authorized agent upon delivery to the Manager or the Transfer Agent or similar agent of a duly executed instrument of transfer, and such evidence of the genuineness of each such execution and authorization and of such other matters and documents as may be required by the Manager. Upon such delivery, and subject to any further requirements specified by the Manager, the transfer shall be recorded on the books of account for the Fund, including the Register, and such transferee shall be admitted as a member of the Fund. Until a transfer is so recorded, the Shareholder of record of Shares shall be deemed to be the Shareholder with respect to such Shares for all purposes hereunder and neither the Manager nor the Fund, nor the Transfer Agent or any similar agent or registrar or any officer, employee or agent of the Fund, shall be affected by any notice of a proposed transfer.
Transfer of Shares Generally. Title to a Certificate (and to the Shares evidenced thereby), when properly endorsed or accompanied by proper instruments of transfer, shall be transferable by delivery with the same effect as in the case of a certificated security under Article 8 of the Uniform Commercial Code of the State of Delaware; provided, however, that the Sponsor, notwithstanding any notice to the contrary, may treat the Registered Owner of Shares as the absolute owner thereof for the purpose of determining the Person entitled to any distribution or to any notice provided for in this Agreement and for all other purposes.
Transfer of Shares Generally. 18.1 Notwithstanding anything to the contrary contained herein, no Shareholder, including its liquidator, or other legal representative, shall dispose of (which in this context means sell, dispose of, transfer, alienate, cede, pledge or encumber) any Shares or any interest in such Shares:
18.1.1 without the prior written consent of the other Shareholders whose consent may not unreasonably be withheld; and
18.1.2 other than in accordance with the provisions of this Agreement.
18.2 Save as is expressly contained herein, Shares or claims may not be sold or otherwise disposed of or transferred, pledged, hypothecated, or otherwise encumbered. The directors of the Company shall not authorise the transfer or registration of any proposed transfer of Shares where such proposed transfer results from any contravention of this Agreement. Share Certificates issued by the Company may at the discretion of the directors be endorsed with the restrictions herein set out.
Transfer of Shares Generally. 13.1. Neither Party shall transfer its Shares unless the proceedings contemplated in this Article IV are completed prior to any such transfer. As used in this Article IV, transfer of shares shall mean any transfer made in any manner or for any reason, including by barter, donation, assignment, or arising from acts such as merger or spin-off of companies, distribution or repayment of capital, distribution of dividends in kind, transfer of capital contributions, preemptive rights, and debentures, notes or convertible securities.
13.2. The Company’s Board shall not record any transfer, security interest or lien in breach of the provisions of this Agreement.
13.3. Each Party may freely transfer their Shares to any legal person, entity, corporation, company, or another entity controlling, controlled by or under common control with that Party (a “Subsidiary”); provided, however, that any such Subsidiary will admit only registered, book-entry or similar shares, expressly excluding bearer shares. The holder of Class A shares may freely transfer up to 15% of its shares in the terms of this Section to ▇▇. ▇▇▇▇ ▇▇▇▇▇▇ Lutteral. As used in this subsection 13.3, “control” means ownership of over 50% of the votes of the relevant corporation, company or partnership. For that purpose, a Party that resolves to transfer shares to a Subsidiary shall notify the other Parties about its decision, and may transfer its shares as long as: