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 Section 4.1 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 (i) the Company's Repurchase Right granted hereunder and (ii) the market stand-off provisions of Section 4.4, to the same extent such shares would be so subject if retained by Shareholder.

Appears in 2 contracts

Sources: Repurchase Agreement (Clearcommerce Corp), Repurchase Agreement (Clearcommerce Corp)

Transferee Obligations. Each person (other than the Companyincluding a trust) to whom ---------------------- the Restricted Shares are transferred by means of one of the permitted transfers specified in Section 4.1 3(a) 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 (i) forfeiture during the Company's Repurchase Right granted hereunder and (ii) the market stand-off provisions of Restricted Period set forth in Section 4.44, to the same extent such shares would be so subject if retained by Shareholderthe Stockholder.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Uici), Restricted Stock Agreement (Uici)

Transferee Obligations. Each person (other than the Company) to whom ---------------------- the Shares are transferred by means of one of the permitted transfers specified in Section 4.1 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 the Plan and that the transferred shares Shares are subject to (i) the Company's Repurchase Right granted hereunder and (ii) the market stand-off provisions of Section 4.413 hereof and (ii) the Drag-Along Rights set forth in Section 3 of the Shareholders’ Agreement, to the same extent such shares Shares would be so subject if retained by Shareholderthe Grantee.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Greenlight Capital Re, Ltd.)

Transferee Obligations. Each person (other than the Company) to whom ---------------------- the Issued Shares are ---------------------- transferred by means of one of the permitted transfers specified in Section 4.1 a Permitted Transfer must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Company Corporation that such person is bound by the provisions of this Agreement and that the transferred shares are subject to (i) the Company's Repurchase Right granted hereunder and (ii) the market stand-off forfeiture provisions of Section 4.4, Paragraph C.2 to the same extent such shares would be so subject if retained by ShareholderParticipant.

Appears in 1 contract

Sources: Restricted Stock Issuance Agreement (Digital Island Inc)

Transferee Obligations. Each person (other than the Company) to whom ---------------------- the Shares are transferred by means of one of the permitted transfers specified in Section 4.1 3.1 must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Company that such person is and the Shares transferred to such person are bound by the provisions of this Agreement and that the transferred shares are subject to (i) the Company's Repurchase Right granted hereunder and (ii) the market stand-off provisions of Section 4.4Agreement, to the same extent such shares the Shares would be so subject if retained by ShareholderPurchaser.

Appears in 1 contract

Sources: Stock Purchase Agreement (Nuance Communications, Inc.)

Transferee Obligations. Each person (other than the CompanyCorporation) to whom ---------------------- the Restricted Shares are transferred by means of one of the permitted transfers specified in Section 4.1 a Permitted Transfer must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Company Corporation that such person is bound by the provisions of this Agreement and that the transferred shares are subject to (i) the Company's Repurchase First Refusal Right granted hereunder and (ii) the market standMarket Stand-off provisions of Section 4.4Off, to the same extent such shares would be so subject if retained by ShareholderParticipant.

Appears in 1 contract

Sources: Restricted Stock Grant Agreement (Ceres, Inc.)

Transferee Obligations. Each person (other than the Company) to whom ---------------------- the Shares are transferred by means of one of the permitted transfers specified in Section 4.1 3.1 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 (i) the Company's Repurchase Right granted hereunder and (ii) the market stand-off provisions of Section 4.4Agreement, to the same extent such shares the Shares would be so subject if retained by ShareholderPurchaser.

Appears in 1 contract

Sources: Exercise Notice and Stock Purchase Agreement (Bazaarvoice Inc)