Examples of Restricted Seller in a sentence
Notwithstanding Section 1.01(d) and Section 1.03, neither this Agreement nor the Assignment and Assumption Agreement shall constitute an assignment or assumption of the Restricted Seller Contracts unless and until a Consent is obtained.
Restricted Seller hereby agrees that [ 🌑 ] shares subscribed for in Parent by the Restricted Seller pursuant to the Sale and Purchase Agreement (the “Restricted Shares”) shall, effective as of the Closing Date, be subject to the vesting and forfeiture provisions and transfer restrictions of this Section 2.
Each Restricted Seller and Investor severally (and not jointly) represents and warrants that the Restricted Seller or Investor as the case may be.
In the event a Restricted Seller should sell any Shares in disregard or contravention of the right of first refusal or co-sale rights under this Agreement (a “Prohibited Transfer”), the Investors, in addition to such other remedies as may be available at law, in equity or hereunder, shall have the put option provided below, and such Restricted Seller (the “Transferring Party”) shall be bound by the applicable provisions of such option.
The Restricted Seller shall have all of the rights of a shareholder with respect to the Restricted Shares, vested or unvested, including voting rights and the right to receive dividends.