Effect on Transferee Sample Clauses
The "Effect on Transferee" clause defines how rights, obligations, or interests are impacted when they are transferred from one party to another. In practice, this clause clarifies whether the transferee inherits all benefits and responsibilities associated with the original agreement, and may specify any conditions or limitations on such transfers. Its core function is to ensure all parties understand the legal consequences of a transfer, thereby preventing disputes and maintaining continuity in contractual relationships.
Effect on Transferee. The transferee shall be bound by the terms and provisions of this Agreement to the extent to which triggering events which relate to the transferee shall trigger the offer or sale of said stock. For purposes of determining who shall be entitled to purchase or is bound to purchase stock offered or to be sold, the Transferee shall be so entitled or bound.
Effect on Transferee. The Company Right of First Offer, the Non- -------------------- Selling Investor Rights of First Offer and Co-Sale Rights shall not be binding upon any Transferee of Transfer Shares other than the Company or any other Investor acquiring Shares in a transaction which complies with this Article 2.
Effect on Transferee. The transferee shall be bound by the terms and provisions of this Agreement to the extent to which triggering events which relate to the transferee shall trigger the offer or sale of said stock. For purposes of determining who shall be entitled to purchase or is bound to purchase stock offered or to be sold, the Transferee shall be so entitled or bound. In all cases, the closing shall take place within sixty (60) days of the date on which the Corporation and/or the other Stockholder(s) elect to purchase the stock of the selling
Effect on Transferee. The transferee shall be bound by the terms and provisions of this Agreement to the extent to which triggering events which relate to the
Effect on Transferee. The Company Right of First Refusal shall not be binding upon any Transferee of Transfer Shares in a transaction which complies with this Article 2 other than (i) upon any other Holder acquiring Registrable Securities and (ii) any securities acquired pursuant to Section 2.7(v)(B) .
Effect on Transferee. Whenever any party to this agreement or any "related individual" or any other person acquires any interest in the Premises, the interest acquired shall be subject to all of the terms of this agreement with the same force and effect as if the party, "related individual", or person had owned the interest at the time of the execution of this agreement and had in fact signed this agreement at that time.