Common use of Encumbrances on Vested Shares Clause in Contracts

Encumbrances on Vested Shares. Purchaser may xxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) under this Section; and (ii) the provisions of this Section will continue to apply to such Vested 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.

Encumbrances on Vested Shares. Purchaser may xxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (ia) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) assignees under this SectionAgreement; and (iib) the provisions of this Section Agreement will continue to apply to such Vested 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.

Encumbrances on Vested Shares. Purchaser may xxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) assignees under this Section; and (ii) the provisions of this Section will continue to apply to such Vested 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.

Encumbrances on Vested Shares. Purchaser may xxxxx granx x xxxx or ----------------------------- xx security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) under this Section; and (ii) the provisions of this Section will continue to apply to such Vested Shares in the hands of such party and any transferee of such party. Purchaser may not xxxxx granx x xxxx or xx security interest in, or pledge, hypothecate or encumber, any Unvested Shares.

Encumbrances on Vested Shares. Purchaser may xxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) under this Section; and (ii) the provisions of this Section will continue to apply to such Vested 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.

Encumbrances on Vested Shares. Purchaser may xxxxx granx x xxxx or ----------------------------- xx security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) assignees under this Section; and (ii) the provisions of this Section will continue to apply to such Vested Shares in the hands of such party and any transferee of such party. Purchaser may not xxxxx granx x xxxx or xx security interest in, or pledge, hypothecate or encumber, any Unvested Shares.

Encumbrances on Vested Shares. Purchaser Holder may xxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) assignees under this Section; and (ii) the provisions of this Section will continue to apply to such Vested Shares in the hands of such party and any transferee of such party. Purchaser Holder may not xxxxx x xxxx or security interest in, or pledge, hypothecate or encumber, any Unvested Shares.

Encumbrances on Vested Shares. Purchaser may xxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) assignees under this Section; and (ii) the provisions of this Section Exercise Agreement and the Plan will continue to apply to such Vested 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.

Encumbrances on Vested Shares. Purchaser may xxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) assignees under this Section; and (ii) the provisions of this Section will continue to apply to such Vested 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.

Encumbrances on Vested Shares. The Purchaser may xxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) assignees under this Section; and (ii) the provisions of this Section Agreement will continue to apply to such Vested 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.

Encumbrances on Vested Shares. Purchaser may xxxxx gxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) assignees under this Section; and (ii) the provisions of this Section will continue to apply to such Vested Shares in the hands of such party and any transferee of such party. Purchaser may not xxxxx gxxxx x xxxx or security interest in, or pledge, hypothecate or encumber, any Unvested Shares.

Encumbrances on Vested Shares. Purchaser may xxxxx x xxxx or ----------------------------- security interest in, or pledge, hypothecate or encumber Vested 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: (i) such lien, security interest, pledge, hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the Company and/or its assignees) assignees under this Section; and (ii) the provisions of this Section will continue to apply to such Vested 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 SharesShares (as defined in Section 2.2 of the Stock Option Agreement).