Common use of Excepted Transfers Clause in Contracts

Excepted Transfers. Neither any restrictions of any legend described in this Warrant nor the requirements of Section 7(b) above shall apply to any transfer without any additional consideration of, or grant of a security interest in, this Warrant or any part hereof (i) to a partner of the holder if the holder is a partnership, (ii) by the holder to a partnership of which the holder is a general partner, or (iii) to any affiliate as defined in Rule 405 under the Act of the holder if the holder is a corporation; provided, however, in any such transfer, the transferee shall on the Company's request agree in writing to be bound by the terms of this Warrant as if an original signatory hereto and further provided that the number of transfers permitted pursuant to this subparagraph shall be five (5).

Excepted Transfers. Neither any restrictions of any legend ------------------ described in this Warrant nor the requirements of Section 7(b) above shall apply to any transfer without any additional consideration of, or grant of a security interest in, this Warrant or any part hereof (i) to a partner of the holder if the holder is a partnership, (ii) by the holder to a partnership of which the holder is a general partner, or (iii) to any affiliate as defined in Rule 405 under the Act of the holder if the holder is a corporation; provided, however, in any such transfer, the transferee -------- ------- shall on the Company's request agree in writing to be bound by the terms of this Warrant as if an original signatory hereto and further provided that the number of transfers permitted pursuant to this subparagraph shall be five (5)hereto.

Excepted Transfers. Neither any restrictions of any legend ------------------ described in this Warrant nor the requirements of Section 7(b) above shall apply to any transfer without any additional consideration of, or grant of a security interest in, this Warrant or any part hereof (i) to a partner of the holder if the holder is a partnership, (ii) by the holder to a partnership of which the holder is a general partner, or (iii) to any affiliate as defined in Rule 405 under the Act of the holder if the holder is a corporation; provided, however, in any such transfer, the transferee ----------------- shall on the Company's request agree in writing to be bound by the terms of this Warrant as if an original signatory hereto and further provided that the number of transfers permitted pursuant to this subparagraph shall be five (5)hereto.