Common use of Retransfer Clause in Contracts

Retransfer. The Covenantor and the Guarantor hereby undertake to each other Shareholder and to the Company that, if the Covenantor ceases or proposes to cease to be a member of the Guarantor's Group the Covenantor will forthwith transfer all its interests in any securities in the Company and assign its rights and obligations under its Preferred Equity Certificate Agreement to the Guarantor or to another member of the Guarantor's Group.