Common use of New Shareholders Clause in Contracts

New Shareholders. The Parties shall procure that no person other than a Shareholder acquires Shares in Company (whether by transfer or allotment) unless he executes the Deed of Adherence in the form stated in Schedule 1 to observe the terms of this Agreement and, to perform all the obligations of the Offeror/ transferor under this Agreement and thereupon each such transferee or allottee shall be treated as a Shareholder for the purposes of this Agreement.

New Shareholders. The Parties parties shall procure that no person other than a Shareholder acquires Shares in the Company (whether by transfer or allotment) unless he executes covenants with the Deed other parties to this Agreement (in a form reasonably acceptable to each of Adherence in the form stated in Schedule 1 them) to observe the terms of this Agreement and, in the case of a transferee, to perform all the obligations of the Offeror/ transferor under this Agreement and thereupon each such transferee or allottee shall be treated as a Shareholder for the purposes of this Agreement.