Effect on Transferees. Each and every transferee or assignee of any Company Shares from any Shareholder shall be bound by and subject to the terms and conditions of this Agreement that are applicable to the transferor or assignor of such Company Shares, and the Company shall require, as a condition precedent to the transfer of any Company Shares subject to this Agreement, that the transferee agrees in writing to be bound by, and subject to, all the terms and conditions of this Agreement.
Effect on Transferees. If Developer has effected a transfer so that its interest in the Project Site has been divided between Transferees, then the annual review hereunder shall be conducted separately with respect to each Party, and the Planning Director, and if appealed, the Planning Commission and Board of Supervisors shall make its determinations and take its actions separately with respect to each Party pursuant to Administrative Code Chapter 56. If the Board of Supervisors Terminates, modifies or takes such other actions as may be specified in Administrative Code Chapter 56 and this Agreement in connection with a determination that such Party has not complied with the terms and conditions of this Agreement, such action by the Planning Director, Planning Commission, or Board of Supervisors shall be effective only as to the Party to whom the determination is made and the portions of the Project Site in which such Party has an interest.
Effect on Transferees. If Developer has effected a transfer of a Major Phase under the DDA, then the annual review hereunder shall be conducted separately with respect to each Party holding the Major Phase, and the Planning Director, and if appealed, the Planning Commission and Board of Supervisors shall make its determinations and take its actions separately with respect to each Party pursuant to Administrative Code Chapter 56 as that Section is in effect as of the Effective Date, as modified by Section 7.7 hereof. If the Board of Supervisors terminates, modifies or takes such other actions as may be specified in Administrative Code Chapter 56 and this Agreement in connection with a determination that such Party has not complied with the terms and conditions of this Agreement, such action by the Planning Director, Planning Commission, or Board of Supervisors shall be effective only as to the Party to whom the determination is made and the portions of the Project Site in which such Party has an interest.
Effect on Transferees. If Developer has effected a Transfer or another assignment, transfer or conveyance permitted under this Agreement has occurred so that its interest in the Project Site and Public Benefit obligations, or a portion or portions thereof, has/have been divided between Developer and/or Transferees, then the annual review hereunder shall be conducted separately with respect to Developer and each Transferee, and the Planning Commission or City Council, as applicable, shall make its determinations and take its action separately with respect to Developer and each Transferee, as applicable, pursuant to the Development Agreement Ordinance; provided, however, that if Developer and Transferee do not agree as to which party is responsible (as between Developer or Transferee) for fulfilling or performing a duty under this Agreement, then City shall have the right to require Developer and Transferee to submit to a joint annual review until the dispute is resolved. If the City Council terminates, modifies, or takes such other actions as may be specified in the Development Agreement Ordinance and this Agreement in connection with a determination that Developer or a Transferee has not complied with the terms and conditions of this Agreement, such action by the Director of PBCE, Planning Commission, or City Council shall be effective only as to the party to whom the determination is made and the portions of the Project Site in which such party has an interest.
Effect on Transferees. If Landowner has completed a transfer so that its interest in the Property has been divided between Transferees, and an annual review hereunder has been performed with respect to Landowner and one or more Transferees, then the Local Agency Planning Director, and if appealed, its legislative body shall make its determinations and take its actions separately with respect to each Party. If the Planning Director or its legislative body terminates, modifies or takes such other actions as may be provided by this Agreement in connection with a determination that such Party has not complied with the terms and conditions of this Agreement, such action by the Planning Director, or the legislative body shall be effective only as to the Party as to whom the determination is made and the portions of the Property in which such Party has an interest.
Effect on Transferees. Each and every transferee or assignee of any shares of capital stock of the Buyer from any Shareholder shall be bound by and subject to the terms and conditions of this Agreement that are applicable to the transferor or assignor of such shares, including, without limitation, Sections 11.2 and 11.3 hereof, and Buyer shall require, as a condition precedent to the transfer of any shares of capital stock of Buyer subject to this Agreement, that the transferee agrees in writing to be bound by, and subject to, all the terms and conditions of this Agreement.
Effect on Transferees. Any person, other than the Investors, who becomes an owner of any Common Stock pursuant to a disposition permitted by Section 11.2 or 11.3 shall be bound by the provisions of this Agreement with respect to such Shares, whether or not such person becomes a party to this Agreement.
Effect on Transferees. Each and every transferee or assignee of any shares of Company Stock from any Holder shall be bound by and subject to the terms and conditions of this Agreement that are applicable to the transferor or assignor of such shares, and the Company shall require, as a condition precedent to the transfer of any Company Stock subject to this Agreement, that the transferee agrees in writing to be bound by, and subject to, all the terms and conditions of this Agreement. To ensure compliance with the restrictions referred to herein, each Holder purporting to transfer or assign any shares of Company Stock agrees that the Company may issue appropriate “stop-transfer” instructions. The Company shall not (a) permit any transfer on its books of any of its shares which shall have been transferred in violation of any of the provisions set forth in this Agreement or (b) treat as owner of such shares or accord the right to vote as owner or pay dividends to any transferee to whom such shares shall have been transferred in violation of any of the provisions set forth in this Agreement. Upon effectiveness of a transfer or assignment in compliance with this Section 4, Exhibit A or B, as applicable, of this Agreement shall be automatically amended so that such transferee or assignee’s name is listed on Exhibit A or B and such transferee or assignee becomes a Holder hereunder.
Effect on Transferees. Each transferee or assignee of any shares of capital stock of the Company from any Investor or Principal Common Shareholder will be bound by and subject to the terms and conditions of this Section 5, and the Company will require, as a condition precedent to the transfer of any shares of capital stock of the Company subject to this Section 5, that the transferee agree in writing to be bound by, and subject to, all the terms and conditions of this Section 5.
Effect on Transferees. Each and every transferee or assignee of the Series E Preferred Stock of the Company from any Shareholder shall be bound by and subject to the terms and conditions of this Agreement that are applicable to such transferee's transferor or assignor, and the Company shall require, as a condition precedent to the transfer of the Series E Preferred Stock of the Company subject to this Agreement, that the transferee agrees in writing to be bound by, and subject to, all the terms and conditions of this Agreement.
