Additional Transfer Restrictions definition
Additional Transfer Restrictions means those restrictions applicable to the transferability or liquidity of shares of the common stock of the Company (including, without limitation, holdbacks, lock-ups, volume restrictions, claw- backs and other similar provisions, however formulated) which at least a majority of the number of shareholders of the Company hereafter agree to, approve or adopt or otherwise become bound by. In this regard, Shareholder agrees to promptly and timely take such action, and execute and deliver such documents (including, without limitation, agreements containing terms and conditions pertaining to the Additional Transfer Restrictions that are substantially similar to the terms and conditions contained in agreements executed by at least a majority of the number of shareholders of the Company), as from time to time may be reasonably requested by the Company in order to confirm or evidence Shareholder's agreement to be bound by and adhere to the Additional Transfer Restrictions.
Examples of Additional Transfer Restrictions in a sentence
TRANSFER OF MEMBERSHIP INTERESTS; SUBSTITUTED MEMBERS 48 Section 9.1. Limitations on Transfer of Membership Interests 48 Section 9.2. Void Transfers 48 Section 9.3. Substituted Member 48 Section 9.4. Effect of Transfer 49 Section 9.5. Additional Transfer Restrictions 49 Section 9.6. Transfer Fees and Expenses 50 Section 9.7. Effective Date 50 Section 9.8. Acceptance of Prior Acts 50 ARTICLE X.