AGREEMENT BINDING UPON TRANSFEREES Sample Clauses
The "Agreement Binding Upon Transferees" clause ensures that the obligations and rights established in the agreement extend to any parties who acquire an interest in the subject matter of the contract, such as through assignment, sale, or transfer. In practice, this means that if a party sells their stake or assigns their rights under the agreement to another entity, the new party is automatically bound by the same terms and conditions as the original party. This clause is essential for maintaining continuity and enforceability of the agreement, preventing parties from circumventing their responsibilities by transferring their interests to others.
AGREEMENT BINDING UPON TRANSFEREES. 8.1 Except as otherwise provided for in this Agreement, in the event that any Stock is at any time disposed of or transferred to any party pursuant to the provisions hereof, the transferee shall take such Stock pursuant to all the terms, provisions, conditions, and covenants of this Agreement, and the transferee shall, as a condition precedent to the valid transfer of such Stock to such transferee, be bound, and agree (for and on behalf of himself or herself, his or her legal and personal representatives, his or her assigns, and his or her transferees, direct or indirect) in writing to be bound, by all provisions of this Agreement, including Article 9 in the case of a disposal or transfer from an Employee Shareholder.
AGREEMENT BINDING UPON TRANSFEREES. In the event that any Shares are transferred to any Person, at any time or from time to time, by operation of law or pursuant to the provisions of Paragraphs 3 or 4 hereof, the transferee(s) shall agree in writing (for and on behalf of himself or itself, his or its personal or legal representatives, transferees, successors and assigns) to be bound by all provisions of this Agreement as a party hereto. Prior to any such transfer, the transferee shall provide the Corporation with the transferee's written agreement so to be bound. In the absence of any such written agreement no such transfer shall be effective for any purpose, but the failure to obtain such written agreement shall in no way diminish the applicability of the provisions hereof. Without limiting the generality of the preceding provisions of this Paragraph 5, in the event that any Shares are transferred to any full time employee of the Corporation or any Subsidiary pursuant to the provisions of Paragraph 4, such full time employee shall agree in writing to be bound by all provisions of this Agreement, including without limitation the provisions of Paragraph 12, and such employee shall be deemed thereafter to be the Executive in respect of the Shares transferred to such employee as if initially named in this Agreement and shall be subject as such to the provisions of this Agreement, PROVIDED THAT the price at which the Corporation may purchase the Shares from such employee pursuant to Paragraph 11 shall be the price at which the Shares were sold to such employee pursuant to Paragraph 4. Prior to any such transfer, the transferee shall provide the Corporation with the transferee's written agreement so to be bound. In the absence of any such written agreement no such transfer shall be effective for any purpose, but the failure to obtain such written agreement shall in no way diminish the applicability of the provisions hereof.
AGREEMENT BINDING UPON TRANSFEREES. In the event that, at any time or from time to time, any shares of Stock are transferred to any party (other than the Corporation or any Stockholder) pursuant to any provision hereof, the transferee shall take such shares of Stock pursuant to all provisions, conditions and covenants of this Agreement, and, as a condition precedent to the effectiveness of such transfer of such shares of Stock, the transferee shall agree (for and on behalf of himself, herself or itself, his, her or its legal representatives and his, her or its transferees and assigns) in writing to be bound by all provisions of this Agreement as a party hereto and in the capacity of a Stockholder. In the event that there shall be any transfer to any person or entity pursuant to any provision of this Agreement and in compliance with the provisions of this Section2.3, all references herein to the Stockholders or to any Stockholder shall thereafter be deemed to include such transferee.
AGREEMENT BINDING UPON TRANSFEREES. In the event that, at any time or from time to time, any Class A Stock is transferred to any party (other than the Corporation or any Stockholder) pursuant to any provision hereof, the transferee shall take such Class A Stock pursuant to all provisions, conditions and covenants of this Agreement, and, as a condition precedent to the transfer of such Class A Stock, the transferee shall agree (for and on behalf of himself or itself, his or its legal representatives and his or its transferees and assigns) in writing to be bound by all provisions of this Agreement as a party hereto and in the capacity of a Stockholder. In the event that there shall be any transfer to any person or entity pursuant to any provision of this Agreement and in compliance with the provisions of this Section l.4, all references herein to the Stockholders, to any Stockholder or to any group of Stockholders shall thereafter be deemed to include such transferee, and the provisions hereof shall thereafter be applicable to such transferee (and not the transferor Stockholder unless he shall remain a Stockholder to which such provisions otherwise apply).
AGREEMENT BINDING UPON TRANSFEREES. In the event that, at any time or from time to time, any share of Stock is transferred by a Stockholder to any party (other than the Corporation), in accordance with any provision permitting such transfer in any agreement to which such Stockholder is a party or as permitted by law with approval by the Corporation, the transferee shall take such shares of Stock pursuant to all provisions, conditions and covenants of this Agreement, and as a condition precedent to the transfer of such shares of Stock, the transferee shall agree (for and on behalf of the transferee, the transferee's legal representatives, transferees and assigns) in writing to be bound by all provisions of this Agreement as a party hereto, but if the transferee fails to so execute a writing, the transferee is nonetheless bound by all provisions, conditions and covenants of this Agreement. In the event that there shall be any transfer to any person or entity as described herein, all references herein to a Stockholder shall thereafter be deemed to include such transferee or transferees.
AGREEMENT BINDING UPON TRANSFEREES. In the event that at any time or from time to time, any shares of Stock are transferred to any party (other than the Corporation or any other Norton Family Stockholder) pursuant to and in compliance with all provisions hereof, including, but not limited to the first right to purchase under Article 3 hereof, the transferee shall take such shares of Stock 2 free and clear of all provisions, conditions and covenants of this Agreement.
AGREEMENT BINDING UPON TRANSFEREES. The terms of this Agreement shall be binding upon any Transferee of any Common Stock. As a condition to the effectiveness of any Transfer, the Transferee (unless already a Stockholder party to this Agreement) shall execute and deliver to the Company and the other Stockholders a joinder to this Agreement in substantially the form of Exhibit A. Any Transfer or attempted Transfer of any shares of Common Stock in violation of this provision shall be void and of no force or effect as described in Section 3.6.
AGREEMENT BINDING UPON TRANSFEREES. If any Stock is transferred by a Stockholder to any party, the transferee shall take such Stock subject to all provisions, conditions, and covenants of this Agreement.
AGREEMENT BINDING UPON TRANSFEREES. In the event that any Shares are transferred to any Person, at any time or from time to time, by operation of law or pursuant to the provisions of this Agreement (other than in an Approved Sale), the transferee(s) shall agree in writing (for and on behalf of himself or itself, his or its personal or legal representatives, transferees, successors and assigns) to be bound by all provisions of this Agreement as a party hereto. Prior to any such transfer, the transferee shall provide the Company with the transferee’s written agreement to be so bound. In the absence of any such written agreement, no such transfer shall be effective for any purpose, but the failure to obtain such written agreement shall in no way diminish the applicability of the provisions hereof.
AGREEMENT BINDING UPON TRANSFEREES. In the event that, at any time or from time to time, any shares of Stock are sold, bequeathed or otherwise transferred to any party pursuant to the provisions hereunder, the transferee shall take such shares of Stock pursuant to all provisions, conditions and covenants of this Agreement, and, as a condition precedent to the transfer of such shares of Stock, the transferee shall agree (for and on behalf of himself or itself, his or its legal representatives and his or its transferees and assigns) in writing to be bound by all provisions of this Agreement as a party hereto and in the capacity of a Stockholder. In the event that there shall be any transfer to any person or entity pursuant to any provision of this Agreement and in compliance with the provisions of this Article 13, all references herein to a Stockholder shall thereafter be deemed to include such transferee.