Common use of Transfer to Competitors Clause in Contracts

Transfer to Competitors. Notwithstanding anything to the contrary contained herein, during the twenty-four (24) months period commencing on the date of issuance of the Equity Securities of the Company to the Investor and prior to the initial public offering of the Company, each Investor shall not sell, transfer or dispose of such Equity Securities to any Company Competitor without the prior consent of the Board of Directors at a duly convened board meeting or via a unanimous written consent. In case a dispute arises as to whether a Person falls under the scope of Company Competitors, the Company and such Investor shall discuss in good faith on this, and the final decision shall be supported by written evidence thereof. For the avoidance of doubt, nothing in this Section 7.1(6) shall restrict the Investor from selling, transferring or disposing of any Equity Securities of the Company to any of its Affiliates.

Transfer to Competitors. Notwithstanding anything to the contrary contained herein, during the twenty-four (24) months period commencing on the date of issuance of the Equity Securities of the Company to the each Investor and prior to the initial public offering of the Company, each Investor shall not sell, transfer or dispose of such Equity Securities to any Company Competitor without the prior consent of the Board of Directors at a duly convened board meeting or via a unanimous written consent. In case a dispute arises as to whether a Person falls under the scope of Company Competitors, the Company and such Investor shall discuss in good faith on this, and the final decision shall be supported by written evidence thereof. For the avoidance of doubt, nothing in this Section 7.1(6) shall restrict the each Investor from selling, transferring or disposing of any Equity Securities of the Company to any of its Affiliates.