Common use of Automatic Transfer Clause in Contracts

Automatic Transfer. The Shares shall be deemed to have been transferred to Successor Shareholder, without further action by Shareholder, immediately upon the occurrence of any Transfer Event; provided, however, that until the designation of Successor Shareholder has been made effective pursuant to Section 11 below, Shareholder shall continue to hold the Shares in trust for the benefit of Successor Shareholder, subject to the limitations imposed by Section 10.3 below.

Automatic Transfer. The Shares shall be deemed to have been ------------------ transferred to the Successor Shareholder, designated as provided in Section 10, without further action by the Shareholder, immediately upon the occurrence of any of the following events (each a "Transfer Event"); provided, however, that ----------------- until the designation of Successor Shareholder has been shall have made the Shareholder's designation effective pursuant to Section 11 below10, the Shareholder shall continue to hold the Shares in trust for the benefit of the Successor Shareholder, subject to the limitations imposed by Section 10.3 below.9.3:

Automatic Transfer. The Shares shall be deemed to have been ------------------ transferred to the Successor Shareholder, designated as provided in Section 10, without further action by the Shareholder, immediately upon the occurrence of any of the following events (each a "Transfer Event"); provided, however, that -------- ------- until the designation of Successor Shareholder has been shall have made the Shareholders designation effective pursuant to Section 11 below10, the Shareholder shall continue to hold the Shares in trust for the benefit of the Successor Shareholder, subject to the limitations imposed by Section 10.3 below.9.3: