Common use of Transfers of Rights Clause in Contracts

Transfers of Rights. This Agreement, and the rights and obligations of each Stockholder hereunder, may be assigned by such Stockholder to (i) any person or entity to which at least 50,000 Registrable Shares are transferred by such Stockholder or (ii) to any partner, stockholder or Affiliate (as defined below) of such Stockholder, and such transferee shall be deemed a "Stockholder" for purposes of this Agreement; provided that the transferee provides written notice of such assignment to the Company and agrees in writing to be bound hereby. For purposes of the preceding sentence, an "Affiliate" of a Stockholder is a person controlled by, controlling or under common control of such Stockholder.

Appears in 2 contracts

Samples: 1 (Baycorp Holdings LTD), Rights Agreement (Baycorp Holdings LTD)

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Transfers of Rights. This Agreement, and the The registration rights and obligations of each Investor Stockholder hereunder, along with its obligations related thereto, may be assigned by such Stockholder Investor Stockholder, in whole or in part, to (i) any person or entity to which at least 50,000 Registrable Shares shares of Stock are transferred by such Stockholder or (ii) to any partner, stockholder or Affiliate (as defined below) of such Investor Stockholder, and such transferee shall be deemed a "an “Investor Stockholder" for purposes of this Agreement; Agreement generally and this Article 9 specifically) provided that the Investor Stockholder or the transferee provides written notice of such assignment to the Company and agrees in writing the transferee executes and delivers a counterpart to this Agreement agreeing to be bound hereby. For purposes by the terms of the preceding sentence, this Agreement as an "Affiliate" of a Stockholder is a person controlled by, controlling or under common control of such Investor Stockholder.

Appears in 2 contracts

Samples: Stockholders Agreement (Zynerba Pharmeceuticals, Inc.), Stockholders Agreement (Zynerba Pharmeceuticals, Inc.)

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Transfers of Rights. This Agreement, and the The rights and obligations of each Stockholder hereunder, may be assigned by such Stockholder to (i) any person or entity to which at least 50,000 acquiring Registrable Shares are transferred owned by such Stockholder or (ii) to any partner, stockholder or Affiliate (as defined below) of such Stockholder, and such transferee shall be deemed a "Stockholder" for purposes of this Agreement; provided that the . Any Registrable Shares owned by a transferee provides written notice of hereunder who acquired such assignment Registrable Shares pursuant to the Company and agrees in writing a Permitted Transfer, shall be deemed to be bound hereby. For owned, for all purposes of this Agreement, by a member of the preceding sentence, an "Affiliate" Stockholder group of a which the transferring Stockholder is or was a person controlled by, controlling or under common control of such Stockholdermember.

Appears in 1 contract

Samples: Members' Agreement (Avery Berkel Holdings LTD)

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