Common use of Excluded Transfers Clause in Contracts

Excluded Transfers. The restrictions on transfer of this Section 3 shall not apply to an inter-vivos transfer to the Purchaser’s ancestors or descendants or spouse or to a trustee for their benefit, provided that such transferee shall agree in writing to take such Shares subject to all the terms of this Agreement, including restrictions on further transfer.

Excluded Transfers. The restrictions on transfer of set forth in this Section 3 2 shall not apply to an inter-vivos transfer to the Purchaser’s 's ancestors or descendants or spouse or to a trustee Trustee for their benefit, provided that such transferee transferee(s) shall agree in writing to take such Shares subject to all the terms of this Agreement, including restrictions on further transfer.

Excluded Transfers. The restrictions on transfer of this Section 3 shall not apply to an inter-vivos transfer to the Purchaser’s ancestors or descendants or spouse or to a trustee Trustee for their benefit, provided that such transferee shall agree in writing to take such Shares subject to all the terms of this Agreement, including restrictions on further transfer.

Excluded Transfers. The restrictions on transfer of this Section ------------------ 3 shall not apply to an inter-vivos transfer to the Purchaser’s 's ancestors or descendants or spouse or to a trustee Trustee for their benefit, provided that such transferee shall agree in writing to take such Shares subject to all the terms of this Agreement, including restrictions on further transfer.

Excluded Transfers. The restrictions on transfer of this Section 3 shall not apply to an inter-vivos transfer to the Purchaser’s 's ancestors or descendants or spouse or to a trustee Trustee for their benefit, provided that such transferee shall agree in writing to take such Shares subject to all the terms of this Agreement, including restrictions on further transfer.