Examples of Restricted Seller in a sentence
Each Restricted Seller shall have delivered a non-competition agreement in form and substance satisfactory to Buyer (collectively, the “Non-Competition Agreements”).
Notwithstanding Section 1.01(d) and Section 1.03, neither this Agreement nor the Assignment and Assumption Agreement shall constitute an assignment or assumption of the Restricted Seller Contracts unless and until a Consent is obtained.
Accordingly, Parent and each Restricted Seller each acknowledge and agree that the remedy at Law for any breach of this Section 6.13 will be inadequate.
The existence of any claim or cause of action by Parent or any Restricted Seller against any of the Buyers, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Buyers of the restrictive covenants contained in Section 6.13.
The Restricted Seller shall have all of the rights of a shareholder with respect to the Restricted Shares, vested or unvested, including voting rights and the right to receive dividends.