Common use of TRANSFER OF RIGHTS UNDER THIS AGREEMENT Clause in Contracts

TRANSFER OF RIGHTS UNDER THIS AGREEMENT. Transfers of Registrable Common. (a) During the period from the date hereof to the Termination Date, the rights and obligations of a Securities Holder under this Agreement may be transferred by a Securities Holder to a transferee of Registrable Common (subject to the provisos to the definitions of Registrable Common); provided; however, that, within a reasonable period of time (but in no event less than five (5) days) prior to such transfer, (i) the transferring Securities Holders shall have furnished the Company and the other Securities Holders written notice of the name and address of such transferee and the number of shares of Registrable Common with respect to which such rights are being transferred and (ii) such transferee shall furnish the Company and the Securities Holders (other than the transferring Securities Holders) a copy of a duly executed agreement by which such transferee (A) assumes all of the obligations and liabilities of its transferor hereunder, (B) enjoys all of the rights of its transferor hereunder and (C) agrees itself to be bound hereby.

Appears in 2 contracts

Samples: Registration Rights Agreement (At Track Communications Inc), Registration Rights Agreement (Minorplanet Systems PLC)

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TRANSFER OF RIGHTS UNDER THIS AGREEMENT. Transfers of Registrable CommonTRANSFERS OF REGISTERABLE COMMON. (a) During the period from the date hereof to the Termination DateAt any time, the rights and obligations of a Securities Holder under this Agreement may be transferred by a Securities Holder to a transferee of Registrable Common (subject to the provisos to the definitions not less than 20% of Registrable such Security Holder's Registerable Common); provided; however, PROVIDED that, within a reasonable period of time (but in no event less later than five (5) 10 days) prior to after such transfer, (i) the transferring Securities Holders Holder shall have furnished the Company and the other Securities Holders written notice of the name and address of such transferee and the number of shares of Registrable Registerable Common with respect to which such rights are being transferred and (ii) such transferee shall furnish the Company and the Securities Holders (other than the transferring Securities HoldersHolder) a copy of a duly executed agreement Supplemental Addendum by which such transferee (A) assumes all of the obligations and liabilities of its transferor hereunder, (B) enjoys all of the rights of its transferor hereunder and (C) agrees itself to be bound hereby.

Appears in 1 contract

Samples: Registration Rights Agreement (Innovative Clinical Solutions LTD)

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TRANSFER OF RIGHTS UNDER THIS AGREEMENT. Transfers of Registrable Common. (a) During the period from the date hereof to the Termination Date, the rights and obligations of a Securities Holder under this Agreement may be transferred by a Securities Holder to a transferee of Registrable Common or Registrable Litigation Shares (subject to the provisos to the definitions of Registrable CommonCommon and Registrable Litigation Shares); provided; however, provided that, within a reasonable period of time (but in no event less than five (5) days) prior to such transfer, (i) the transferring Securities Holders Holder shall have furnished the Company and the other Securities Holders written notice of the name and address of such transferee and the number of shares of Registrable Common or Registrable Litigation Shares with respect to which such rights are being transferred and (ii) such transferee shall furnish the Company and the Securities Holders (other than the transferring Securities HoldersHolder) a copy of a duly executed agreement Supplemental Addendum by which such transferee (A) assumes all of the obligations and liabilities of its transferor hereunder, (B) enjoys all of the rights of its transferor hereunder and (C) agrees itself to be bound hereby.

Appears in 1 contract

Samples: Registration Rights Agreement (Washington Mutual Inc)

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