Obligations of Transferee. In the event any Member transfers its Membership Interest (including any transfers made pursuant to Subsection 8.1.2 above), no such transfer shall be made or shall be effective to make such transferee a Member or entitle such transferee to any benefits or rights hereunder until the proposed transferee agrees in writing to assume and be bound by all of the obligations of the transferor and be subject to all the restrictions to which the transferor is subject under the terms of this Agreement.
Obligations of Transferee. Each person to whom the Purchaser Shares are transferred by means of one of the permitted transfers must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Purchaser that such person is bound by the provisions of this Agreement.
Obligations of Transferee. The transferor must cause the transferee to expressly agree in writing to be bound by the Articles and other agreements entered into between the Shareholders. CHAPTER IV
Obligations of Transferee. In the event any Stockholder transfers its Stock (including any transfers made pursuant to Subsections 3 or 4 above), no such transfer shall be made or shall be effective to make such transferee a Stockholder or entitle such transferee to any benefits or rights hereunder until the proposed transferee agrees in writing to assume and be bound by all of the obligations of the transferor and be subject to all the restrictions to which the transferor is subject under the terms of this Agreement.
Obligations of Transferee. Other than transfers of Common Shares by an Investor to an Affiliate, if an Investor transfers Common Shares to any Person in compliance with this Article III, such person who is the transferee of such Common Shares shall, following consummation of such Transfer, not be subject to, or otherwise be obligated to assume or perform any obligations of the transferor under this Article III in respect of such Common Shares, and absent an express agreement to the contrary, such Transfer shall be free and clear of such obligations. For the avoidance of doubt, this Article III shall not apply to any transferee in a Transfer by any Meteor Investor pursuant to the Permitted Exceptions, or any transferee of any Polaris Investor in a Catch-Up Sale. Termination. This Article III shall terminate automatically (without any action by any party hereto) with respect to all Investors when either the Meteor Investors or the Polaris Investors beneficially owns less than 5% of the then outstanding Share Equivalents.
Obligations of Transferee. On the Effective Date, subject to Transferor’s performance of the conditions set forth herein, Transferee shall deliver to Transferor a wire transfer of immediately available funds to an account designated by Transferor to Transferee prior to the Effective Date, in the amount equal to the Purchase Price.
Obligations of Transferee. Each person or entity (other than SiGe) who receives Shares as a result of a Disposition shall, as a condition precedent to the validity of such Disposition, acknowledge in writing in a form satisfactory to SiGe, that the Shares subject to the Disposition are subject to (i) the drag-along provisions of Section 4, (ii) the repurchase right in Section 5, (iii) the First Refusal Right in this Section 6, and (iv) the market stand-off provisions of Section 7, to the same extent such Shares would be so subject if retained by the Participant.
Obligations of Transferee. Transferee’s obligations are as follows:
Obligations of Transferee. 1. Party A shall promptly pay the specified sale price of the equity interest to Party B as per Article 4 of this agreement.
Obligations of Transferee. Except as expressly agreed between the Parties in writing, the Transfer of the Shares or Preferred Shares owned by Xx. Xxxxxx and/or Xxx. Xxxxxx shall not occur, including in connection with an Unrestricted Transfer, unless (i) the proposed Transferee shall have executed and delivered to Paradigm, as a condition precedent to such Transfer, an appropriate document in writing in form and substance reasonably satisfactory to Paradigm confirming that (i) the Transferee agrees to be bound by the terms of this Agreement and (ii) such document shall have been delivered to and approved (as described above) by Paradigm prior to the acquisition by such Transferee of the Shares or Preferred Shares owned by Xx. Xxxxxx and Xxx. Xxxxxx.
