Common use of Intra-Group Transfers Clause in Contracts

Intra-Group Transfers. Notwithstanding the foregoing, all, but not less than all, of a Member's Joint Venture Interest may be collectively transferred to any member of the Vitro 100% Group (in the case of Crisa) and to any member of the Libbey 100% Group (in the case of LGA4), but only (i) if the transferee is already a party to each of the Joint Venture Shareholders Agreements or shall have first agreed to adhere to and be bound by the provisions of each of the Joint Venture Shareholders Agreements by executing and delivering in favor of the other parties to each of the Joint Venture Shareholders Agreements an undertaking to the intent and with the effect that from the date of such undertaking, or, if later, the date of the transfer, the transferee shall become a party to each of the Joint Venture Shareholders Agreements, in place of the transferor, to the extent that the transferor ceases to hold shares in Vitrocrisa, VC Holding, and Newco Finance and an Interest in the Company as a result of such transfer; and (ii) on terms that the transferee shall re-transfer the relative Joint Venture Interest to a member of the Vitro 100% Group (in the case of Crisa) or to a member of the Libbey 100% Group (in the case of LGA4) on the same terms as set forth in this SECTION 11.2(i), prior to such transferee ceasing to be a member of the Vitro 100% Group or the Libbey 100% Group (as the case may be).

Intra-Group Transfers. Notwithstanding the foregoing, all, but not less than all, of a MemberShareholder's Joint Venture Interest may be collectively transferred to any member of the Vitro 100% Group (in the case of CrisaVitro) and to any member of the Libbey 100% Group (in the case of LGA4LGA3), but only (i) if the transferee is already a party to each of the Joint Venture Shareholders Agreements or shall have first agreed to adhere to and be bound by the provisions of each of the Joint Venture Shareholders Agreements by executing and delivering in favor of the other parties to each of the Joint Venture Shareholders Agreements an undertaking to the intent and with the effect that from the date of such undertaking, or, if later, the date of the transfer, the transferee shall become a party to each of the Joint Venture Shareholders Agreements, in place of the transferor, to the extent that the transferor ceases to hold shares in Newco Finance, Vitrocrisa, VC Holding, and Newco Finance and an Interest in the Company LLC as a result of such transfer; and (ii) on terms that the transferee shall re-transfer the relative Joint Venture Interest to a member of the Vitro 100% Group (in the case of CrisaVitro) or to a member of the Libbey 100% Group (in the case of LGA4LGA3) on the same terms as set forth in this SECTION 11.2(i4.2(i), prior to such transferee ceasing to be a member of the Vitro 100% Group or the Libbey 100% Group (as the case may be).

Intra-Group Transfers. Notwithstanding the foregoing, all, but not less than all, of a MemberVoting Shareholder's Joint Venture Interest may be collectively transferred to any member of the Vitro 100% Group (in the case of CrisaVitro) and to any member of the Libbey 100% Group (in the case of LGA4LGA3), but only (i) if the transferee is already a party to each of the Joint Venture Shareholders Agreements or shall have first agreed to adhere to and be bound by the provisions of each of the Joint Venture Shareholders Agreements by executing and delivering in favor of the other parties to each of the Joint Venture Shareholders Agreements an undertaking to the intent and with the effect that from the date of such undertaking, or, if later, the date of the transfer, the transferee shall become a party to each of the Joint Venture Shareholders Agreements, in place of the transferor, to the extent that the transferor ceases to hold shares in Vitrocrisa, VC Holding, Newco Finance, and Newco Finance and an Interest in the Company LLC as a result of such transfer; and (ii) on terms that the transferee shall re-transfer the relative Joint Venture Interest to a member of the Vitro 100% Group (in the case of CrisaVitro) or to a member of the Libbey 100% Group (in the case of LGA4LGA3) on the same terms as set forth in this SECTION 11.2(i4.2(i), prior to such transferee ceasing to be a member of the Vitro 100% Group or the Libbey 100% Group (as the case may be).

Intra-Group Transfers. Notwithstanding the foregoing, all, but not less than all, of a MemberShareholder's Joint Venture Interest may be collectively transferred to any member of the Vitro 100% Group (in the case of CrisaVitro) and to any member of the Libbey 100% Group (in the case of LGA4LGA3), but only (i) if the transferee is already a party to each of the Joint Venture Shareholders Agreements or shall have first agreed to adhere to and be bound by the provisions of each of the Joint Venture Shareholders Agreements by executing and delivering in favor of the other parties to each of the Joint Venture Shareholders Agreements an undertaking to the intent and with the effect that from the date of such undertaking, or, if later, the date of the transfer, the transferee shall become a party to each of the Joint Venture Shareholders Agreements, in place of the transferor, to the extent that the transferor ceases to hold shares in Vitrocrisa, VC Holding, Vitrocrisa, Newco Finance, and Newco Finance and an Interest in the Company LLC as a result of such transfer; and (ii) on terms that the transferee shall re-transfer the relative Joint Venture Interest to a member of the Vitro 100% Group (in the case of CrisaVitro) or to a member of the Libbey 100% Group (in the case of LGA4LGA3) on the same terms as set forth in this SECTION 11.2(i4.2(i), prior to such transferee ceasing to be a member of the Vitro 100% Group or the Libbey 100% Group (as the case may be).