Common use of Transfers to Permitted Transferees Clause in Contracts

Transfers to Permitted Transferees. Prior to the transfer of Shares to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), each transferring Stockholder shall deliver to the Company a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Shares transferred to such Person will continue to be Shares for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Shares or Acquisition Corp. Shares in violation of any provision of this Agreement or the Stockholders Agreement shall be void.