Encumbrances on Shares. Purchaser may xxxxx x xxxx or security interest in, or pledge, hypothecate or encumber Shares only if each party to whom such lien or security interest is granted, or to whom such pledge, hypothecation or other encumbrance is made, agrees in a writing satisfactory to the Company that: (a) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Shares after they are acquired by the Company and/or its assignees under this Section; and (b) the provisions of this Section will continue to apply to such Shares in the hands of such party and any transferee of such party.
Appears in 3 contracts
Samples: Restricted Stock Purchase Agreement, S Restricted Stock Purchase Agreement (Loxo Oncology, Inc.), S Restricted Stock Purchase Agreement (Loxo Oncology, Inc.)
Encumbrances on Shares. Purchaser may xxxxx x xxxx or security interest in, or pledge, hypothecate or encumber Shares only if each party to whom such lien or security interest is granted, or to whom such pledge, hypothecation or other encumbrance is made, agrees in a writing satisfactory to the Company that: that (a) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Shares after they are acquired by the Company and/or its assignees under this Section; and (b) the provisions of this Section will continue to apply to such Shares in the hands of such party and any transferee of such party.
Appears in 3 contracts
Samples: Common Stock Purchase Agreement, Sublicense Agreement (Audentes Therapeutics, Inc.), Sublicense Agreement (Audentes Therapeutics, Inc.)
Encumbrances on Shares. Purchaser may xxxxx gxxxx x xxxx or security interest in, or pledge, hypothecate or encumber Shares only if each party to whom such lien or security interest is granted, or to whom such pledge, hypothecation or other encumbrance is made, agrees in a writing satisfactory to the Company that: (a) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Shares after they are acquired by the Company and/or its assignees under this Section; and (b) the provisions of this Section will continue to apply to such Shares in the hands of such party and any transferee of such party.
Appears in 2 contracts
Samples: S Restricted Stock Purchase Agreement (BeBop Channel Corp), S Restricted Stock Purchase Agreement (BeBop Channel Corp)
Encumbrances on Shares. Purchaser may xxxxx x xxxx or security ---------------------- interest in, or pledge, hypothecate or encumber Shares only if each party to whom such lien or security interest is granted, or to whom such pledge, hypothecation or other encumbrance is made, agrees in a writing satisfactory to the Company that: (ai) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Shares after they are acquired by the Company and/or its assignees under this Section; and (bii) the provisions of this Section will continue to apply to such Shares in the hands of such party and any transferee of such party.
Appears in 1 contract
Encumbrances on Shares. Purchaser may xxxxx x xxxx or security interest in, or pledge, hypothecate or encumber Shares only if each party to whom such lien or security interest is granted, or to whom such pledge, hypothecation or other encumbrance is made, agrees in a writing satisfactory to the Company that: (a) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Shares after they are acquired by the Company and/or its assignees under this Section; and (b) the provisions of this Section will continue to apply to such Shares in the hands of such party and any transferee of such party. Purchaser may not xxxxx x xxxx or security interest in, or pledge, hypothecate or encumber, any Unvested Shares.
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