Deed of Adherence Sample Clauses
A Deed of Adherence is a legal document that allows a new party to become bound by the terms of an existing agreement, typically a shareholders' agreement. When a new shareholder acquires shares in a company, they sign the Deed of Adherence to formally agree to abide by the rights and obligations set out in the original agreement. This process ensures that all parties, including newcomers, are subject to the same rules and protections, maintaining consistency and preventing disputes over contractual obligations.
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Deed of Adherence. No transfer of Units by any selling Party to any third party shall be entered into the Company’s register of Unit transfers and all Parties shall procure that unless such third party has first entered into a deed of adherence with all parties hereto other than the selling Party pursuant to which such third party shall agree, inter alia, to be bound by all the restrictions of, and discharge all duties and obligations as set out in this Agreement as if it were an original party hereto. Such deed of adherence shall be in such form at such other parties shall reasonably require.
Deed of Adherence. Any transferee of an Investor who acquires rights, interests and obligations of this Agreement pursuant to Section 7.03 hereof, may, by signing and delivering a Deed of Adherence in substantially the form attached hereto as SCHEDULE C, join and become a party to this Agreement as an “Investor” with the same force and effect as if it were originally a party hereto.
Deed of Adherence. The Shareholders shall procure that no person other than an existing Shareholder acquires any Shares unless it enters into a Deed of Adherence agreeing to be bound by this Agreement as a Shareholder and any other agreements entered into in connection with the Business as a Shareholder. The Shareholders agree that in signing a Deed of Adherence such person shall have the benefit of the terms of this Agreement and shall be a Party to this Agreement.
Deed of Adherence. Notwithstanding any other limitations on the Disposal of Shares included in this Agreement, no Shareholder shall directly Dispose of any Shares to any Person unless:
(a) such Person has become a party to this Agreement by signing a Deed of Adherence, save for (i) a Disposal of Shares to another Shareholder who is already a party or the Company, and (ii) a Disposal whereby a third party acquires and accepts all Shares; or
(b) an amended version of this Agreement has been executed by all Shareholders including the transferee.
Deed of Adherence. A Shareholder shall not transfer any shares to any person, nor may the Company issue any shares to any person, unless the transferee, if not already a Shareholder, has executed a deed of adherence to this agreement, in the form of Annexure A (“Deed of Adherence”) and has delivered it to the Company. The Company may agree to a variation of the Deed of Adherence if it is in the best interest of the Company and the amendments do not prejudice SBC, as determined by SBC, acting reasonably. Once the transfer or issue of those shares has been registered and the Deed of Adherence executed and delivered, the transferee shall be bound to this agreement and thereafter this agreement and such Deed of Adherence shall constitute one agreement.
Deed of Adherence. As a condition to any transfer of rights and obligations of a Party under this Agreement, the transferee must execute a deed by which it agrees to be bound by this Agreement.
Deed of Adherence. This Deed of Adherence is made on [Date] by [●], a company incorporated [in [●]/under the laws of [●]] under registered number [●] whose [registered/principal office is at [●]] (New Shareholder).
Deed of Adherence. Exercise of the Option is conditional upon the Option Holder executing, if so required by the Company, a deed of adherence (in such form as may be required by the Company) with the Company and all persons who are holders of shares in the capital of the Company at the date of exercise of the Option whereby the Option Holder becomes a party to any Shareholders’ Agreement or other document having a similar effect which is in force between the Company and all persons who, at the date of exercise of the Option, are holders of shares in the capital of the Company. A copy of the current deed of adherence which is in force as of the date of this Option is available from the Company upon request.
Deed of Adherence. The undersigned, ("the Owner") agrees to become a Party to the management agreement concluded between the Acres Home Owners Association (“HOA”) and Propcentral (Pty) Ltd, which agreement to become a party the Owner acknowledges is a requirement to acquiring ownership of a Golf Villa in the Acres Development.
Deed of Adherence. For any Transfer or subscription (except any subscription upon exercising any options granted under the ESOP) of Shares to be deemed effective, the transferee (in the case of a Transfer) shall assume the obligations of the transferor under this Agreement and the subscriber (in the case of a subscription) shall assume the obligations of a holder of Ordinary Shares or Preferred Shares (as the case may be) under this Agreement by executing and delivering to the Company a Deed of Adherence substantially in the form attached hereto as Exhibit B (the “Deed of Adherence”) unless such transferee or subscriber entered into a shareholders agreement to amend and restate this Agreement with the Parties or an amendment to this Agreement duly executed according to this Agreement. Upon the execution and delivery of a Deed of Adherence by a transferee or subscriber, such transferee or subscriber shall be deemed to be an Ordinary Shareholder, a Preferred Shareholder, an Investor, Holder and/or Party hereunder, as appropriate.