Transfers in Violation. Any sale, assignment, transfer, pledge, hypothecation, grant of security interest or disposition of any Stock, by gift or otherwise, which is in violation of any provision of this Agreement shall be void and of no effect, and shall not be recognized by the Corporation as transferring any interest in any of the Stock. The Corporation shall not transfer any Stock unless and until it has received reasonable assurance of compliance with this Agreement in connection with such transfer.
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Transfers in Violation. Any sale, assignment, transfer, pledge, hypothecation, grant of security interest mortgage or disposition of any StockShares or other securities of the Corporation issued in respect thereof, by gift or otherwise, which is in violation of any provision of this Agreement shall be void and of no effect, effect and shall not be recognized by the Corporation as transferring any interest in any of such shares. In the Stock. The case of any such violation, the Corporation shall have the right to issue an oral or written order to the Corporation's transfer agent (if any) not to transfer any Stock unless and until it has received reasonable assurance of compliance with this Agreement in connection with such transferthe Shares.
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