Common use of Obligations of Transferees Clause in Contracts

Obligations of Transferees. Unless this Agreement expressly provides otherwise, each transferee and any subsequent transferee of the shares of this Corporation, or of any interest in those shares, shall hold the shares or interest subject to the provisions of this Agreement and shall make no transfers except as provided in this Agreement. The Secretary of the Corporation shall record these transfers on the books of the Corporation until an amended copy of this Agreement has been executed by the transferee. The transferee's failure or refusal to sign an amended copy of this Agreement does not relieve the transferee of any obligation or restriction under this Agreement.

Obligations of Transferees. Unless this Agreement expressly provides otherwise, each Each transferee and any each subsequent transferee of the shares of this Corporation, any Shares or of any right or interest in those shares, any Shares shall hold the shares Shares or right or interest in the Shares subject to all the provisions of this Agreement and shall make no transfers further Transfers except as provided in this Agreement. The Secretary Transfer of the Corporation Shares shall record these transfers not be entered on the books of the Corporation Company until an amended a copy of this Agreement has been executed by the prospective transferee. The transferee's failure Failure or refusal to sign an amended a copy of this Agreement does shall not relieve the any transferee of from any obligation or restriction obligations under this Agreement.