Third Party shall replace First Party in its share

Suggestion

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Note added at 17 mins (2023-07-17 09:32:46 GMT)
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Examples of Substitute Shareholders in a sentence

The number and type of Shares issued to Shareholders shall be listed on Schedule A hereto, which shall be amended from time to time as required to reflect issuances of Shares to Additional Shareholders, Transfers of Shares to Substitute Shareholders, acquisitions of additional Shares by Shareholders, repurchases of Shares and to reflect the cessation or withdrawal of Shareholders.

The name, address, number of Shares and Percentage Interest of each Shareholder are set forth on Schedule A hereto, as such Schedule may be amended from time to time to reflect the admission of any Additional Shareholders or Substitute Shareholders, the acquisition of additional Shares by any Shareholder, the transfer of Shares, and the repurchase of Shares, each as permitted or required by the terms of this Agreement.

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Note added at 17 mins (2023-07-17 09:32:59 GMT)
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Law insider

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Note added at 19 mins (2023-07-17 09:34:42 GMT)
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So many examples here:

https://www.lawinsider.com/dictionary/substitute-shareholder...

The Third Party shall take the place of the First Party in its share of the capital