Common use of Sales to Related Parties Clause in Contracts

Sales to Related Parties. No sale or transfer of shares of Capital Stock by the Shareholder to a Related Party will be subject to the provisions of Section 6.02; provided, however, that such Related Party first agrees to assume the obligations of the Shareholder (without relieving the Shareholder of any obligations under this Agreement) under this Agreement with respect to the shares of Capital Stock thereby acquired by it and to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Purchase Agreement in a written instrument in a form and substance satisfactory to the Holders.

Appears in 2 contracts

Samples: Shareholder Agreement (F Jotan LLC), Shareholder Agreement (Jotan Inc)

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Sales to Related Parties. No sale or transfer of shares of Capital Stock by the Shareholder to a Related Party will be subject to the provisions of Section 6.02; provided, however, that such Related Party first agrees to assume the obligations of the Shareholder (without relieving the Shareholder of any obligations under this Agreement) under this Agreement with respect to the shares of Capital Stock thereby acquired by it and to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Purchase Warrant Agreement in a written instrument in a form and substance satisfactory to the Holders.

Appears in 2 contracts

Samples: Shareholder Agreement (Seacoast Capital Partners LTD Partnership), Shareholder Agreement (Valuestar Corp)

Sales to Related Parties. No sale or transfer of shares of Capital Stock by the Shareholder to a Related Party will be subject to the provisions of Section 6.02; provided, however, that such Related Party first agrees to assume the obligations of the Shareholder (without relieving the Shareholder of any obligations under this Agreement) under this Agreement with respect to the shares of Capital Stock thereby acquired by it and to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Purchase Warrant Agreement in a written instrument in a form and substance reasonably satisfactory to the Holders.

Appears in 1 contract

Samples: Shareholder Agreement (Massic Tool Mold & Die Inc)

Sales to Related Parties. No sale or transfer of shares of Capital Stock by the Shareholder to a Related Party will be subject to the provisions of Section 6.02; provided, however, that such Related Party first agrees to assume the obligations of the Shareholder (without relieving the Shareholder of any obligations under this Agreement) under this Agreement with respect to the shares of Capital Stock thereby acquired by it and to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Priority Purchase Agreement in a written instrument in a form and substance satisfactory to the Holders.

Appears in 1 contract

Samples: Priority Shareholder Agreement (Jotan Inc)

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Sales to Related Parties. No sale or transfer of shares of Capital ------------------------ Stock by the Shareholder to a Related Party will be subject to the provisions of Section 6.02; provided, however, that such Related Party first agrees to assume ------------ -------- ------- the obligations of the Shareholder (without relieving the Shareholder of any obligations under this Agreement) under this Agreement with respect to the shares of Capital Stock thereby acquired by it and to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Purchase Agreement in a written instrument in a form and substance satisfactory to the Holders.

Appears in 1 contract

Samples: Shareholder Agreement (Rice Partners Ii L P)

Sales to Related Parties. No sale or transfer of shares of Capital Stock by the Shareholder to a Related Party will be subject to the provisions of Section 6.025.02; provided, however, that such Related Party first agrees to assume the obligations of the Shareholder (without relieving the Shareholder of any obligations under this Agreement) under this Agreement with respect to the shares of Capital Stock thereby acquired by it and to be bound by the same terms and conditions that apply to the Shareholder under this Agreement and the Purchase Stock Agreement in a written instrument in a form and substance satisfactory to the Holders.

Appears in 1 contract

Samples: Shareholder Agreement (RSTW Partners Iii Lp)

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