Upon registration. of transfer of a Certificate, the transferee shall be bound (without the necessity of any other action on the part of such transferee) under the terms of this Agreement, the Purchase Contracts underlying such Certificate and the Pledge Agreement, and the transferor shall be released from the obligations under this Agreement, the Purchase Contracts underlying the Certificates so transferred and the Pledge Agreement. The Company covenants and agrees, and each Holder of a Certificate, by its acceptance thereof, likewise covenants and agrees, to be bound by the provisions of this paragraph.
Appears in 2 contracts
Sources: Purchase Contract Agreement (Northrop Grumman Corp /De/), Purchase Contract Agreement (Anthem Inc)
Upon registration. of transfer of a Certificate, the transferee shall be bound (without the necessity of any other action on the part of such transferee) under by the terms of this Agreement, the Stock Purchase Contracts underlying such Certificate and the Pledge Agreement, Agreement and the transferor shall be released from the obligations under this Agreement, the Stock Purchase Contracts underlying the Certificates Certificate so transferred and the Pledge Agreement. The Company covenants and agrees, and each Holder of a Certificate, by its acceptance thereof, likewise covenants shall be deemed to have covenanted and agreesagreed, to be bound by the provisions of this paragraph.
Appears in 1 contract