Common use of Obligations of Transferees Clause in Contracts

Obligations of Transferees. Each transferee of any Shares, or of any interest in such Shares, shall hold the Shares or interest subject to all of the provisions of this Subscription Agreement. Any such transferee shall make no further transfers except as permitted by this Subscription Agreement.

Obligations of Transferees. Each Unless otherwise expressly provided by this Agreement, each transferee and each subsequent transferee of any Shares, or of any interest in such Shares, shall hold the Shares or interest therein subject to all of the provisions of this Subscription Agreement. Any such transferee shall make no further transfers except as permitted by this Subscription Agreement.