Common use of Prohibited Transferees Clause in Contracts

Prohibited Transferees. Notwithstanding the foregoing, no Stockholder shall transfer any Transfer Stock to (a) any entity which, in the determination of the Company’s Board of Directors, is a Competitor of the Company; or (b) any customer, distributor or supplier of the Company, if the Company’s Board of Directors should determine that such transfer would result in such customer, distributor or supplier receiving information that would place the Company at a competitive disadvantage with respect to such customer, distributor or supplier.

Prohibited Transferees. Notwithstanding the foregoingforegoing or anything to the contrary herein, no Stockholder shall may transfer any Transfer Stock to (a) any entity which, in the reasonable determination of the Company’s Board of Directors, is a Competitor of directly or indirectly competes with the Company; Company or (b) any customer, distributor or supplier of the Company, if the Company’s Board of Directors should reasonably determine that such transfer would result in such customer, distributor or supplier receiving information that would place the Company at a competitive disadvantage with respect to such customer, distributor or supplier.

Prohibited Transferees. Notwithstanding the foregoing, no Stockholder shall transfer any Transfer Stock to (a) any entity which, in the determination of the Company’s Board of Directors, is a Competitor of directly or indirectly competes with the Company; , or (b) any customer, distributor or supplier of the Company, if the Company’s Board of Directors should determine that such transfer would result in such customer, distributor or supplier receiving information that would place the Company at a competitive disadvantage with respect to such customer, distributor or supplier; provided, that any Affiliate of Umbrella or CRB shall not constitute a prohibited transferee under this Section 6.3.

Prohibited Transferees. Notwithstanding the foregoing, no Stockholder shall transfer any Transfer Stock to (ai) any entity which, in the determination of the Company’s Board of Directors, is a Competitor of directly or indirectly competes with the Company; or (bii) any customer, distributor or supplier of the Company, if the Company’s Board of Directors should determine that such transfer would result in such customer, distributor or supplier receiving information that would place the Company at a competitive disadvantage with respect to such customer, distributor or supplier.