Common use of Transferee Obligations Clause in Contracts

Transferee Obligations. Each person (other than the Company) to whom the Shares are transferred by means of one of the permitted transfers specified in this Agreement must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Company that such person is bound by the provisions of this Agreement and that the transferred Shares are subject to, among other things: (i) the Repurchase Option under Section 6; (ii) the Right of First Refusal under Section 7; (iii) the market standoff provisions of Section 12; and (iv) the escrow arrangement under Section 9, in each case to the same extent such Shares would be so subject if retained by the Purchaser.

Transferee Obligations. Each person (other than the CompanyCompany or a transferee in a Corporate Transaction or IPO) to whom the Shares are transferred by means of one of the permitted transfers specified in this Agreement and the Plan must, as a condition precedent to the validity of such transfertransfer and unless otherwise subject to advance written approval of the Board, acknowledge in writing to the Company that such person is bound by the provisions of this Agreement and that the transferred Shares are subject to, among other thingslimitations: (ia) the Repurchase Option under Section 6; any right of first refusal granted hereunder and (ii) the Right of First Refusal under Section 7; (iiib) the market standoff stand-off provisions of Section 12; and (iv) the escrow arrangement under Section 97, in each case to the same extent as such Shares would be so subject if retained by the Purchaser.

Transferee Obligations. Each person (other than the Company) to whom the Shares are transferred by means of one of the permitted transfers specified in this Agreement must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Company that such person is bound by the provisions of this Exercise Agreement and that the transferred Shares shares are subject to, among other things: to (i) [BOTH THE COMPANY'S REPURCHASE OPTION (only with respect to Vested Shares) and] the Repurchase Option under Section 6; Company's Right of First Refusal granted hereunder and (ii) the Right of First Refusal under Section 7; (iii) the market standoff stand-off provisions of Section 12; and (iv) the escrow arrangement under Section 97, in each case to the same extent such Shares shares would be so subject if retained by the Purchaser.