Limitations on Transfer Clause Example with 6 Variations from Business Contracts

This page contains Limitations on Transfer clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Limitations on Transfer. The Service Provider agrees that the Service Provider shall not dispose of (meaning, without limitation, sell, transfer, pledge, exchange, hypothecate or otherwise dispose of) any Phantom Units or other rights hereby acquired prior to the date the Phantom Units are vested and paid. Any attempted disposition of the Phantom Units in violation of the preceding sentence shall be null and void and the Restricted Units that the Service Provider attempted to dispose of shall be forfeited.
Found in Northern Tier Energy LP contract

Variations of a "Limitations on Transfer" Clause from Business Contracts

Limitations on Transfer. The Service Provider agrees that the Service Provider shall not dispose of (meaning, without limitation, sell, transfer, pledge, exchange, hypothecate or otherwise dispose of) any Phantom Units or other rights hereby acquired prior to the date the Phantom Units are vested and paid. Any attempted disposition of the Phantom Units in violation of the 4 preceding sentence shall be null and void and the Restricted Units that the Service Provider attempted to dispose of shall be forfeited. forfeited.8.... Adjustment. The number of Phantom Units granted to the Service Provider pursuant to this Agreement shall be adjusted to reflect distributions of the Partnership paid in units, unit splits or other changes in the capital structure of the Partnership, all in accordance with the Plan. All provisions of this Agreement shall be applicable to such new or additional or different units or securities distributed or issued pursuant to the Plan to the same extent that such provisions are applicable to the units with respect to which they were distributed or issued. View More
Found in Western Refining Logistics, LP contract
Limitations on Transfer. The Service Provider agrees that the Service Provider he shall not dispose of (meaning, without limitation, sell, transfer, pledge, exchange, hypothecate or otherwise dispose of) any Phantom Units or other rights hereby acquired prior to the date the Phantom Units are vested and paid. Any attempted disposition of the Phantom Units in violation of the preceding sentence shall be null and void and the Restricted Phantom Units that the Service Provider attempted to dispose of shall be forfeited. 4 ...9. Adjustment. The number of Phantom Units granted to the Service Provider pursuant to this Agreement shall be adjusted to reflect changes in the capital structure of the Partnership in accordance with the Plan. All provisions of this Agreement shall be applicable to such new or additional or different units or securities distributed or issued pursuant to the Plan to the same extent that such provisions are applicable to the units with respect to which they were distributed or issued. View More
Found in GPM Petroleum LP contract
Limitations on Transfer. The Service Provider agrees that the Service Provider shall not dispose of (meaning, without limitation, sell, transfer, pledge, exchange, hypothecate or otherwise dispose of) any Phantom Units or other rights hereby acquired prior to the date the Phantom Units are vested and paid. Any attempted disposition of the Phantom Units in violation of the preceding sentence shall be null and void and the Restricted Phantom Units that the Service Provider attempted to dispose of shall be forfeited. forfe...ited.7. Adjustment. The number of Phantom Units granted to the Service Provider pursuant to this Agreement shall be adjusted to reflect distributions of the Partnership paid in units, unit splits or other changes in the capital structure of the Partnership, all in accordance with the Plan. All provisions of this Agreement shall be applicable to such new or additional or different units or securities distributed or issued pursuant to the Plan to the same extent that such provisions are applicable to the units with respect to which they were distributed or issued. View More
Found in Sprague Resources LP contract
Limitations on Transfer. The Service Provider Awardee agrees that the Service Provider such person shall not dispose of (meaning, without limitation, sell, transfer, pledge, exchange, hypothecate or otherwise dispose of) any Phantom Units or other rights hereby acquired prior to the date the Phantom Units are vested and paid. settled. Any attempted disposition of the Phantom Units in violation of the preceding sentence shall be null and void and the Restricted Phantom Units that the Service Provider Awardee attempted to... dispose of shall be forfeited. View More
Found in 2 Contracts from Arc Logistics Partners LP
Limitations on Transfer. The Service Provider Awardee agrees that the Service Provider he shall not dispose of (meaning, without limitation, sell, transfer, pledge, exchange, hypothecate or otherwise dispose of) any Phantom Units or other rights hereby acquired prior to the date the Phantom Units are vested and paid. settled. Any attempted disposition of the Phantom Units in violation of the preceding sentence shall be null and void and the Restricted Phantom Units that the Service Provider Awardee attempted to dispose ...of shall be forfeited. View More
Found in Arc Logistics Partners LP contract
Limitations on Transfer. The Service Provider Director agrees that the Service Provider he shall not dispose of (meaning, without limitation, sell, transfer, pledge, exchange, hypothecate or otherwise dispose of) any Phantom Units or other rights hereby acquired prior to the date the Phantom Units are vested and paid. settled. Any attempted disposition of the Phantom Units in violation of the preceding sentence shall be null and void and the Restricted Phantom Units that the Service Provider Director attempted to dispos...e of shall be forfeited. View More
Found in Arc Logistics Partners LP contract