Common use of Restrictions Binding on Transferees Clause in Contracts

Restrictions Binding on Transferees. The obligations of each party hereto shall be binding upon each transferee to whom shares of the Company Common Stock is transferred by any party hereto except for transfers pursuant to a Public Offering or pursuant to Article IV of this Agreement. Prior to consummation of any transfer except for transfers pursuant to a Public Offering or pursuant to Article IV of this Agreement, such party shall cause the transferee to execute an agreement in form and substance reasonably satisfactory to the other parties hereto, providing that such transferee shall fully comply with the terms of this Agreement.

Appears in 4 contracts

Samples: Original Stockholders Agreement (Intellisys Group Inc), Stockholders Agreement (Intellisys Group Inc), Stockholders Agreement (Intellisys Group Inc)

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Restrictions Binding on Transferees. The obligations of each party hereto shall be binding upon each transferee to whom shares of the Company Common Stock is transferred by any party hereto except for transfers pursuant to a Public Offering or pursuant to Article IV 5 of this Agreement. Prior to consummation of any transfer except for transfers pursuant to a Public Offering or pursuant to Article IV 5 of this Agreement, such party shall cause the transferee to execute an agreement in form and substance reasonably satisfactory to the other parties heretoCompany, providing that such transferee shall fully comply with the terms of this Agreement.

Appears in 1 contract

Samples: Stockholders Agreement (Intellisys Group Inc)

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