no Party may assign, delegate sub-contract or otherwise transfer or pledge or grant any other security interest in or over any of its rights of obligations under this Agreement without the prior written consent of the other party, except that the Purchaser may transfer or assign , in whole or in part, to one or more of its Affiliates from time to time the right to purchase all or a portion of the Shares, provided that no such transfer or assignment will relieve the Purchaser of its obligations, or affect the rights of the Purchaser under this Agreement. What am I supposed to understand overall from this statement?
It is talking about “The Purchaser” and his/her stocks: It will take “a prior written consent of the other parties” to (as follows).
Purchaser: May transfer or assign (stocks), in whole or in part, to one or more of its Affiliates,to purchase all or a portion of the shares (stock).
Purchaser: Provided that no transfer or assignment will relieve the Purchaser of its obligation, or affect the rights of the Purchaser under this Agreement.
Putting it simply, The purchaser cannot sell any stock, (in whatever) with out the prior consent of any share holders and this will not relieve the Purchaser of any of his/her obligations.
Do not take this as Gospel, I am not an atty., just a person with many years experience.