Common use of Transfer back Clause in Contracts

Transfer back. If a transferee of shares under this clause ceases to be a Related Body Corporate of the transferor of those shares, then immediately upon the transferee ceasing to be a Related Body Corporate the transferor shall procure the transfer back in its name of all of the shares in the Company held by the transferee.

Appears in 2 contracts

Sources: Share Subscription Agreement, Share Subscription and Purchase Agreement (India Globalization Capital, Inc.)