Common use of Recognition of Transferees Clause in Contracts

Recognition of Transferees. The Company will not (i) transfer on its books any Shares that will have been Transferred in violation of any of the provisions set forth in this Agreement or (ii) treat as owner of such shares or accord the right to vote as such owner or pay dividends to any transferee to whom such shares will have been so Transferred.

Recognition of Transferees. The Company will shall not (i) transfer on its books any Shares shares of Stock, Preferred Stock or Conversion Stock that will shall have been Transferred sold or transferred in violation of any of the provisions set forth in this Agreement or (ii) treat as owner of such shares or accord the right to vote as such owner or pay dividends to any transferee to whom such shares will shall have been so Transferredtransferred.