Common use of Limitations on Transfer of the Warrants Clause in Contracts

Limitations on Transfer of the Warrants. Subject to the provisions of Section 11, the Warrants shall not be sold, transferred, assigned or hypothecated by the Warrantholder except to (i) one or more persons, each of whom on the date of transfer is a member of the transferring Warrantholder; (ii) a shareholder, officer or employee of Warrantholder or of any member of Warrantholder or a member of the immediate family of, or a trust formed for the benefit of, any of such persons, (iii) Tamarix Investors, LDC, a Cayman Islands limited duration company and any member thereof, and (iv) such other transferees as shall be consented to by the Company, which consent shall not be unreasonably withheld. The Warrants may be divided or combined, upon request to the Company by the Warrantholder, into a certificate or certificates representing the right to purchase the same aggregate number of Shares. Unless the context indicates otherwise, the terms "Warrantholder" shall include any transferee or transferees of the Warrants pursuant to this subsection 1.3, and the term "Warrants" shall include any and all warrants outstanding pursuant to this Agreement, including those evidenced by a certificate or certificates issued upon division, exchange, substitution or transfer pursuant to this Agreement.

Limitations on Transfer of the Warrants. Subject to the provisions of Section 11, the Warrants shall not be sold, transferred, assigned assigned, or hypothecated by the Warrantholder except to (i) one or more persons, each of whom on the date of transfer is a member of the transferring Warrantholder; (ii) a shareholder, officer or employee of Warrantholder or of any member of Warrantholder or a member of the immediate family of, or a trust formed for the benefit of, any of such persons, (iii) Tamarix Investors, LDC, a Cayman Islands limited duration company and any member thereof, and (iv) such other transferees as shall be consented to by the CompanyCompany by the Warrantholder, which consent shall not be unreasonably withheld. The Warrants may be divided or combined, upon request to the Company by the Warrantholder, into a certificate or certificates representing the right to purchase the same aggregate number of Shares. Unless the context indicates otherwise, the terms "Warrantholder" shall include any transferee or transferees of the Warrants pursuant to this subsection 1.3, and the term "Warrants" shall include any and all warrants outstanding pursuant to this Agreement, including those evidenced by a certificate or certificates issued upon division, exchange, substitution or transfer pursuant to this Agreement.

Limitations on Transfer of the Warrants. Subject to the provisions of Section 11, the Warrants shall not be sold, transferred, assigned or hypothecated by the Warrantholder Warrantholders until _________, 1999, except to (i) one to an officer or more persons, each of whom on the date of transfer is a member partner of the transferring Warrantholder, another Underwriter or member of the selling group or officer or partner of any of them; (ii) a shareholder, officer successor to the transferring Warrantholder in merger or employee of Warrantholder or of any member of Warrantholder or a member of the immediate family of, or a trust formed for the benefit of, any of such persons, consolidation; (iii) Tamarix Investors, LDC, a Cayman Islands limited duration company and any member thereof, and purchaser of all or substantially all of the transferring Warrantholder's assets; or (iv) any person receiving the Warrants from one or more of the persons listed in this subsection 1.3 at such other transferees as shall be consented person's or persons' death pursuant to by will, trust or the Company, which consent shall not be unreasonably withheldlaws of intestate succession. The Warrants may be divided or combined, upon request to the Company by the Warrantholder, into a certificate or certificates representing the right to purchase the same aggregate number of Shares. Unless the context indicates otherwise, the terms "Warrantholder" or "Warrantholders" shall include any transferee or transferees of the Warrants pursuant to this subsection 1.3, and the term "Warrants" shall include any and all warrants outstanding pursuant to this Agreement, including those evidenced by a certificate or certificates issued upon division, exchange, substitution or transfer pursuant to this Agreement.

Limitations on Transfer of the Warrants. Subject to the provisions of Section 11, the Warrants shall not be sold, transferred, assigned or hypothecated by the Warrantholder Warrantholders until ___________, 1996, except to (i) one or more persons, each of whom on the date of transfer is a member an officer or partner of the transferring Warrantholder; (ii) a shareholder, officer successor to the transferring Warrantholder in merger or employee of Warrantholder or of any member of Warrantholder or a member of the immediate family of, or a trust formed for the benefit of, any of such persons, consolidation; (iii) Tamarix Investors, LDC, a Cayman Islands limited duration company and any member thereof, and purchaser of all or substantially all of the transferring Warrantholder's assets; or (iv) any person receiving the Warrants from one or more of the persons listed in this subsection 1.3 at such other transferees as shall be consented person's or persons' death pursuant to by will, trust or the Company, which consent shall not be unreasonably withheldlaws of intestate succession. The Warrants may be divided or combined, upon request to the Company by the Warrantholder, into a certificate or certificates representing the right to purchase the same aggregate number of Shares. Unless the context indicates otherwise, the terms "Warrantholder" or "Warrantholders" shall include any transferee or transferees of the Warrants pursuant to this subsection 1.3, and the term "Warrants" shall include any and all warrants outstanding pursuant to this Agreement, including those evidenced by a certificate or certificates issued upon division, exchange, substitution or transfer pursuant to this Agreement.

Limitations on Transfer of the Warrants. Subject to the provisions of Section 11, the The Warrants shall not be sold, transferred, assigned or hypothecated by the Warrantholder until November 24, 1998, except to (i) one or more persons, each of whom on the date of transfer is a member an officer or partner of the transferring Warrantholder; (ii) a shareholder, officer successor to the Warrantholder in merger or employee of Warrantholder or of any member of Warrantholder or a member of the immediate family of, or a trust formed for the benefit of, any of such persons, consolidation; (iii) Tamarix Investors, LDC, a Cayman Islands limited duration company and any member thereof, and purchaser of all or substantially all of the Warrantholder's assets; or (iv) any person receiving the Warrants from one or more of the persons listed in this subsection 1.3 at such other transferees as shall be consented person's or persons' death pursuant to by will, trust or the Company, which consent shall not be unreasonably withheldlaws of intestate succession. The Warrants may be divided or combined, upon request to the Company by the Warrantholder, into a certificate or certificates representing the right to purchase the same aggregate number of SharesUnits. Unless the context indicates otherwise, the terms term "Warrantholder" shall include any transferee or transferees of the Warrants pursuant to this subsection 1.3, and the term "Warrants" shall include any and all warrants outstanding pursuant to this Agreement, including those evidenced by a certificate or certificates issued upon division, exchange, substitution or transfer pursuant to this Agreement.