Common use of Exceptions to Prohibition on Transfer Clause in Contracts

Exceptions to Prohibition on Transfer. Any Shareholder may Transfer any of its Shares in the following circumstances: 4.2.1 in connection with an Exit carried out in accordance with Clause 6; 4.2.2 to Permitted Transferees in accordance with the provisions set out in Clause 4.3; and 4.2.3 in accordance with the rights of first refusal set out in Clause 4.4; 4.2.4 in the case of a Lion Party at any time on or after the Closing Date, subject always to the provisions of Clauses 4.4, 4.5 and 4.6; and 4.2.5 in accordance with the provisions of Clause 8.19. In the event of any Transfer in accordance with this Clause 4.2, each of the Shareholders undertakes to take such actions and do such things as may be necessary to complete such Transfer in accordance with applicable Cayman Island legal requirements.

Exceptions to Prohibition on Transfer. Any Shareholder may Transfer any of its Shares in the following circumstances: 4.2.1 in connection with an Exit carried out in accordance with Clause 6; 4.2.2 to Permitted Transferees in accordance with the provisions set out in Clause 4.3; and 4.2.3 in accordance with the rights of first refusal set out in Clause 4.4; 4.2.4 in the case of a Lion Party at any time on or after the Closing Date, subject always to the provisions of Clauses 4.4, 4.5 and 4.6; and 4.2.5 in accordance with the provisions of Clause 8.198.12. In the event of any Transfer in accordance with this Clause 4.2, each of the Shareholders undertakes to take such actions and do such things as may be necessary to complete such Transfer in accordance with applicable Cayman Island legal requirements.