Restrictions on Transfer Drag Along Sample Clauses

Restrictions on Transfer Drag Along. 7.1Limitations on Disposition. In addition to any transfer restrictions contained in the Company’s bylaws or Restated Operating Agreement, each person owning of record shares of Series Seed Preferred Stock or Series Seed Preferred Units, or Common Stock of the Corporation or Common Units of the LLC issued or issuable pursuant to the conversion of the shares of Series Seed Preferred Stock or Series Seed Preferred Units, and any shares of Common Stock of the Corporation or any Common Units of the LLC issued as a dividend or other distribution with respect thereto or in exchange therefor or in replacement thereof (collectively, the “Securities”) or any assignee of record of Securities (each such person, a “Holder”) shall not make any disposition of all or any portion of any Securities unless:
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Restrictions on Transfer Drag Along 

Related to Restrictions on Transfer Drag Along

  • Restrictions on Transfer (a) The Preferred Stock and the Registrable Securities shall not be sold, pledged, or otherwise transferred, and the Company shall not recognize and shall issue stop-transfer instructions to its transfer agent with respect to any such sale, pledge, or transfer, except upon the conditions specified in this Agreement, which conditions are intended to ensure compliance with the provisions of the Securities Act. A transferring Holder will cause any proposed purchaser, pledgee, or transferee of the Preferred Stock and the Registrable Securities held by such Holder to agree to take and hold such securities subject to the provisions and upon the conditions specified in this Agreement.

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