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. 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. 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. 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. 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. 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.
Obligations of Transferee. Any authorized transferee of Shares permitted to be transferred under this Agreement (a “Substitute Shareholder”) shall hold such Shares subject to the terms of this Agreement, all of which shall be deemed to be applicable, and such transferee shall, at the request of the Corporation and as a condition to the ownership of the Shares, execute a counterpart of this Agreement.
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.
2. Party A shall fully cooperate with Party B to promptly conduct shareholder change registration at the relevant Administration for Industry and Commerce and other required procedures to accomplish the transaction.
3. Party A shall not damage the interests of the Target Company during the equity transfer.
Obligations of Transferee. 29 8.3 Withdrawal by Member...............................................29 8.3.1 Withdrawal ..................................................29
Obligations of Transferee. Any person or entity who is the transferee of all or any portion of the Limited Partner's Interest, but who does not become a substituted Limited Partner and desires to make a further assignment of any such Interest, shall be subject to all the provisions of this ARTICLE 9 to the same extent and in the same manner as the Limited Partner desiring to make a Transfer of its Interest.
