Common use of Voidability of Prohibited Transfer Clause in Contracts

Voidability of Prohibited Transfer. Notwithstanding the foregoing, any attempt by a Key Holder or any other Common Holder (other than FSL and Tiger) to transfer Equity Securities in violation of Section 2 or 3 shall be void, and the Company agrees it will not effect such a transfer nor will it treat any alleged Transferee as the holder of such Shares without the written consent of the Majority Series A Holders, the Majority Series B Holders and the Majority Series C Holders, each voting or consenting as a single class.

Appears in 2 contracts

Sources: Right of First Refusal and Co Sale Agreement, Right of First Refusal and Co Sale Agreement (YY Inc.)