Obligations Binding Upon Transferees Sample Clauses
The "Obligations Binding Upon Transferees" clause ensures that any party who acquires rights or interests under the agreement is also required to comply with its terms and obligations. In practice, this means that if a party sells, assigns, or otherwise transfers their stake in the contract to another entity, the new party must honor all existing commitments, such as payment terms, confidentiality, or performance requirements. This clause is essential for maintaining continuity and enforceability of the agreement, preventing parties from evading responsibilities by transferring their interests to others.
Obligations Binding Upon Transferees. All transferees of Shares or any interest therein will receive and hold such Shares or interests subject to the provisions of this Agreement. Any sale or transfer of the Shares will be void unless the provisions of this Agreement are met.
Obligations Binding Upon Transferees. All transferees of Shares or any interest therein will receive and hold such Shares or interests subject to the provisions of this Agreement, including, insofar as applicable, the Company’s Repurchase Option, Right of First Refusal and Involuntary Transfer Option under this Section 3. Any sale or transfer of the Shares shall be void unless the provisions of this Agreement are met.
Obligations Binding Upon Transferees. Any permitted transferee of Notes or any interest therein will receive and hold such Notes or interests subject to the provisions of this Section 10. Any such transferee shall agree in writing that the transferee shall hold the Notes subject to the provisions of this Section 10 and that no further transfers shall be made except as provided in this Section 10. (c)
Obligations Binding Upon Transferees. All transferees of Shares or any interest therein will receive and hold such Shares or interests subject to the provisions of this Agreement, including, insofar as applicable, the Company's Right of First Refusal and Involuntary Transfer Option under this Section 2. Any sale or transfer of the Shares shall be void unless the provisions of this Agreement are complied with.
Obligations Binding Upon Transferees. All transferees of Restricted Securities or any interest therein will receive and hold such Restricted Securities or interests subject to the provisions of this Agreement, including, insofar as applicable, the Company's Right of First Refusal and Involuntary Transfer Option under this Section 1.3.
Obligations Binding Upon Transferees. Any sale, transfer or other disposition of the Shares or any interest therein in violation of this Agreement shall be void and without effect.
Obligations Binding Upon Transferees. All transferees of Restricted Shares or any interest therein will receive and hold such Restricted Shares or interest therein subject to the provisions of this Agreement, including, insofar as applicable, the Corporation’s Rights. Any sale or transfer of the Restricted Shares shall be void unless the provisions of this Agreement are complied with.