Common use of Further Dispositions Clause in Contracts

Further Dispositions. Each person (other than the Company) to whom the Seller Stock, or any portion thereof, is transferred must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Company that such person is bound by the provisions of this Agreement and the Transaction Documents. The Company shall not be required (i) to transfer on its books any shares which have been sold or transferred in violation of the provisions of this Section 4 or any other provision of this Agreement or the Transaction Documents nor (ii) to treat as the owner of any shares, or otherwise to accord voting or dividend rights to, any transferee to whom shares have been transferred in contravention of this Agreement or the Transaction Documents.