Common use of Transfers to Permitted Transferees Clause in Contracts

Transfers to Permitted Transferees. Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's ’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's ’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units Shares, to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale the extent permitted under the terms of the Company)Securityholders Agreement, the Executive shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's ’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units Shares transferred to such Person will continue to be Units Shares for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units Shares in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units Shares as the owner of such Units Shares for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's ’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the CompanyChange in Control), the Executive shall deliver to Investors a written agreement of the proposed transferee (a) evidencing such Person's ’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior Subject to the transfer restrictions and other obligations set forth in the Operating Agreement, prior to the transfer of Units Interests to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company)Transferee, the Executive Participant shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's ’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units Interests transferred to such Person will continue to be Units Interests for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units Interests in violation of any provision of this Agreement or the Securityholders Operating Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units Interests as the owner of such Units Interests for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units Shares, to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale the extent permitted under the terms of the Company)Shareholders Agreement, the Executive Participant shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's person’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units Shares transferred to such Person person will continue to be Units Shares for purposes of this Agreement in the hands of such Personperson. Any transfer or attempted transfer of Units Shares in violation of any provision of this Agreement or the Securityholders Shareholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units Shares as the owner of such Units Shares for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors Holdings a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors Holdings shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units Shares, to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale the extent permitted under the terms of the Company)Shareholders Agreement, the Executive Participant shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's person’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units Shares transferred to such Person person will continue to be Units Shares for purposes of this Agreement in the hands of such Personperson. Any transfer or attempted transfer of Units Shares in violation of any provision of this Agreement or the Securityholders Shareholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units Shares as the owner of such Units Shares for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units Units, to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale the extent permitted under the terms of the Company)Securityholders Agreement, the Executive shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's ’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to ---- ---------------------------------- a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to --- ---------------------------------- a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive each transferring Shareholder shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive Director shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's ’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

Transfers to Permitted Transferees. Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive Director shall deliver to Investors the Company a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors the Company shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.