Common use of Restrictions on Transfer of Common Stock Clause in Contracts

Restrictions on Transfer of Common Stock. 1.1 Restrictions on ---------------------------------------- --------------- Transfers by ▇▇▇▇▇. (a) Prior to the fourth anniversary of the date hereof, no ------------------ shares of Common Stock or any interest therein now or hereafter owned by ▇▇▇▇▇ may be Transferred, except for any (i) involuntary Transfer to a third party - permitted under Section 5, (ii) sale to one or more third parties pursuant to -- Section 1.1(b), Section 3.3 ("Tag-Along Rights"), Section 3.4 ("Drag-Along Rights") or Section 6 ("Auction Sale Procedure") or (iii) Transfer to a ▇▇▇▇▇ --- Permitted Assignee that agrees to be bound by the terms of this Agreement pursuant to Section 15.4. (b) At any time after a Board Event (other than as a result of the operation of clause (iii) or (v) of the definition thereof), ▇▇▇▇▇ may sell any shares of Common Stock held by it to one or more third parties, provided that -------- Carousel consents