Common use of Stop Transfer; Changes in Subject Securities Clause in Contracts

Stop Transfer; Changes in Subject Securities. The Security Holder agrees with, and covenants to, Melrose that (i) it shall procure that this Agreement shall be binding upon any person or entity to which legal or beneficial ownership shall pass, whether by operation of law or otherwise, including, without limitation, the Security Holder’s successors or assigns and (ii) the Security Holder shall not request that Elster register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any or all of the Security Holder’s Subject Securities, unless such transfer is made in compliance with this Agreement. Notwithstanding any Transfer of Subject Securities, the transferor shall remain liable for the performance of all of the obligations of the Security Holder under this Agreement.

Stop Transfer; Changes in Subject Securities. The Each Company Security Holder agrees with, and covenants to, Melrose that (i) it shall procure that this Agreement shall be binding upon any person or entity to which legal or beneficial ownership shall pass, whether by operation of law or otherwise, including, without limitation, the such Company Security Holder’s successors or assigns and (ii) the such Company Security Holder shall not request that Elster the Company register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any or all of the Security Holder’s Subject Securities, unless such transfer is made in compliance with this Agreement. Notwithstanding any Transfer of Subject Securities, the transferor shall remain liable for the performance of all of the obligations of the Company Security Holder under this Agreement.