Common use of Assignment by Buyer Clause in Contracts

Assignment by Buyer. Notwithstanding anything herein to the contrary, from the date hereof until the Closing Date, Buyer may assign to any of its affiliates (collectively, the “Permitted Assignees”), the right to purchase any portion of the Shares (the “Assigned Shares”). In the event of such an assignment, such Permitted Assignees will assume Buyer’s obligations under this Agreement in regards to the Assigned Shares. Each Permitted Assignee will pay to the Company at the Closing an amount equal to the product of the Per Share Price and the number of Assigned Shares to be purchased by such Permitted Assignee, and will be bound by the restrictions imposed on the Assigned Shares by this Agreement, including the restrictions set forth in Section 5.2 hereof. Each Permitted Assignee will execute a counterpart signature page to this Agreement, agreeing to be bound by the provisions of this ARTICLE V. At the Closing, the Company will deliver to such Permitted Assignees the certificates representing the Assigned Shares.

Assignment by Buyer. Notwithstanding anything herein to the contrary, from the date hereof until the Closing Date, Buyer may assign to any of its his controlled affiliates (collectively, the “"Permitted Assignees”"), the right to purchase any portion of the Shares Securities (the “"Assigned Shares”Securities"). In the event of such an assignment, such Permitted Assignees will assume Buyer’s 's obligations under this Agreement in regards to the Assigned SharesSecurities. Each Permitted Assignee will pay to the Company at the Closing an amount equal to the product a pro rata portion of the Per Share Purchase Price and in exchange for the number of Assigned Shares to be purchased by such Permitted Assignee, Securities and will be bound by the restrictions imposed on the Assigned Shares Securities by this Agreement, including the restrictions set forth in Section 5.2 hereof. Each Permitted Assignee will execute a counterpart signature page to this Agreement, agreeing to be bound by the provisions of this ARTICLE V. At the Closing, the Company will deliver to such Permitted Assignees the certificates representing the Assigned SharesSecurities.