Common use of Agreements to Be Bound Clause in Contracts

Agreements to Be Bound. Notwithstanding anything contained in this Section 6, any Transfer (other than in connection with a transaction which constitutes a Change in Control (as defined herein)) to a third party or any Involuntary Transfer (as defined in Section 6.4) to an Involuntary Transferee (as defined in Section 6.4) shall be permitted under the terms of this Agreement only if such third party or Involuntary Transferee, as the case may be, shall agree in writing to be bound by the terms and conditions of this Agreement in the same manner and capacity as its transferor pursuant to an instrument of assumption reasonably satisfactory in form and substance to the Company; it being understood that any transferee of a member of the Xxxxx Group shall constitute a member of the Xxxxx Group for all purposes of this Agreement, including Section 1.2(d) hereof.

Appears in 2 contracts

Samples: Stockholders Agreement (Nortek Inc), Stockholders Agreement (K Holdings Inc)

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Agreements to Be Bound. Notwithstanding anything contained in this Section 6, any Transfer (other than in connection with a transaction which constitutes a Change in Control (as defined herein)) to a third party or any Involuntary Transfer (as defined in Section 6.46.3) to an Involuntary Transferee (as defined in Section 6.46.3) shall be permitted under the terms of this Agreement only if such third party or Involuntary Transferee, as the case may be, shall agree in writing to be bound by the terms and conditions of this Agreement in the same manner and capacity as its transferor pursuant to an instrument of assumption reasonably satisfactory in form and substance to the Company; it being understood that any transferee of a member of the Xxxxx THL Group shall constitute a member of the Xxxxx THL Group for all purposes of this Agreement, including Section 1.2(d) hereof.

Appears in 1 contract

Samples: Securityholders Agreement (NTK Holdings, Inc.)

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Agreements to Be Bound. Notwithstanding anything contained in this Section 6, any Transfer (other than in connection with a transaction which constitutes a Change in Control (as defined herein)) to a third party or any Involuntary Transfer (as defined in Section 6.4) to an Involuntary Transferee (as defined in Section 6.4) shall be permitted under the terms of this Agreement only if such third party or Involuntary Transferee, as the case may be, shall agree in writing to be bound by the terms and conditions of this Agreement in the same manner and capacity as its transferor pursuant to an instrument of assumption reasonably satisfactory in form and substance to the Company; it being understood that any transferee of a member of the Xxxxx Kelso Group shall constitute a member of the Xxxxx Kelso Group for all purposes purpxxxx of this Agreement, including Section 1.2(d1.2(x) hereofxereof.

Appears in 1 contract

Samples: Stockholders Agreement (K Holdings Inc)

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