Common use of No Security Clause in Contracts

No Security. The parties hereto understand and agree that (i) the contingent right to receive the Earn-out Payment shall not be represented by any form of certificate or other instrument, is not transferable, and does not constitute an equity or ownership interest in Buyer, (ii) Shareholders shall not have any rights as a security holder of Buyer as a result of their contingent right to receive the Earn-Out Payment hereunder, and (iii) no interest is payable with respect to the Earn-Out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right rights to receive the any Earn-out Payment shall not be represented by any form of certificate or other instrument, is are not transferable, except by operation of Law, and does do not constitute an equity or ownership interest in BuyerBuyer or the Company, (ii) Shareholders Seller shall not have any rights as a security holder securityholder of Buyer or the Company as a result of their Seller’s contingent right to receive the any Earn-Out out Payment hereunder, and (iii) no interest is payable with respect to the any Earn-Out out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right rights to receive the any Earn-out Payment shall not be represented by any form of certificate or other instrument, is are not transferable, except by operation of Laws relating to descent and does distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer, (ii) Shareholders Seller shall not have any rights as a security holder securityholder of Buyer as a result of their Seller's contingent right to receive the any Earn-Out out Payment hereunder, and (iii) no interest is payable with respect to the any Earn-Out out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right rights to receive the any Earn-out Payment shall not be represented by any form of certificate or other instrument, is are not transferable, except by operation of Laws relating to descent and does distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer, (ii) Shareholders Seller shall not have any rights as a security holder securityholders of Buyer as a result of their Seller’s contingent right to receive the any Earn-Out out Payment hereunder, and (iii) no interest is payable with respect to the any Earn-Out out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right to receive the Earn-out Payment shall not be represented by any form of certificate or other instrument, is not transferable, and does not constitute an equity or ownership interest in Buyer, (ii) Shareholders Sellers shall not have any rights as a security holder of Buyer as a result of their Sellers’ contingent right to receive the Earn-Out Payment hereunder, and (iii) no interest is payable with respect to the Earn-Out Payment.

No Security. The parties hereto understand and agree that that: (i) the contingent right to receive the Earn-out Payment Out Payments, if any, shall not be represented by any form of certificate or other instrument, is not transferable, and does not constitute an equity or ownership interest in Buyer, ; (ii) Shareholders Seller shall not have any rights as a security holder securityholder of Buyer as a result of their Seller’s contingent right to receive the Earn-Out Payment Payments, if any, hereunder, ; and (iii) no interest is payable with respect to the Earn-Out PaymentPayments, if any.

No Security. The parties hereto Parties understand and agree that (i) the contingent right to receive the any Earn-out Payment shall not be represented by any form of certificate or other instrument, is not transferable, except by operation of Laws relating to descent and distribution, divorce and community property, and does not constitute an equity or ownership interest in Buyer, (ii) Shareholders Seller shall not have any rights as a security holder securityholder of Buyer as a result of their Seller’s contingent right to receive the any Earn-Out out Payment hereunder, and (iii) no interest is payable with respect to the any Earn-Out out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right rights to receive the any Earn-out Payment shall not be represented by any form of certificate or other instrument, is not transferable, instrument and does do not constitute an equity or ownership interest in Buyer, (ii) Shareholders shall not have any rights as a security holder of Buyer as a result of their contingent right to receive or the Earn-Out Payment hereunder, and (iii) no interest is payable with respect to the Earn-Out Payment.Company Parent,

No Security. The parties hereto Parties understand and agree that (ia) the contingent right rights to receive the Earn-out Out Payment shall not be represented by any form of certificate or other instrument, is are not transferable, except by operation of Laws relating to descent and does distribution, divorce and community property, and do not constitute an equity or ownership interest in the Buyer, (iib) Shareholders the Seller shall not have any rights as a security holder of the Buyer as a result of their the Seller’s contingent right to receive the Earn-Out Payment hereunder, and (iiic) no interest is payable with respect to the Earn-Out Payment.

No Security. The parties hereto understand Parties acknowledge and agree that that: (i) the contingent right rights to receive the any Earn-out Out Payment shall not be represented by any form of certificate or other instrument, is are not transferabletransferable except by operation of Laws relating to descent and distribution, divorce and community property, and does do not constitute an equity or ownership interest in Buyer, Buyer or the Company; (ii) Shareholders the Sellers shall not have any rights as a security holder securityholder of Buyer or the Company as a result of their the Sellers’ contingent right to receive the any Earn-Out Payment hereunder, ; and (iii) no interest is payable with respect to the any Earn-Out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right to receive the Earn-out Out Payment shall not be represented by any form of certificate or other instrument, is not transferable, and does not constitute an equity or ownership interest in BuyerPurchaser or the Company, (ii) Shareholders none of the Sellers shall not have any rights as a security holder securityholder of Buyer Purchaser or the Company as a result of their such Seller’s contingent right to receive the Earn-Out Payment hereunder, and (iii) no interest is payable with respect to the Earn-Out Payment.

No Security. The parties hereto Parties understand and agree that (i) the contingent right rights to receive the an Earn-out Payment shall not be represented by any form of certificate or other instrument, is are not transferable, except by operation of Law relating to descent and does distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer, (ii) Shareholders Seller shall not have any rights as a security holder securityholder of Buyer as a result of their Seller's contingent right to receive the an Earn-Out out Payment hereunder, and (iii) no interest is payable with respect to the any Earn-Out out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right rights to receive the any Earn-out Payment shall not be represented by any form of certificate or other instrument, is are not transferable, except by operation of Laws relating to descent and does distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer, (ii) Shareholders Seller shall not have any rights as a security holder of Buyer as a result of their Seller’s contingent right to receive the any Earn-Out out Payment hereunder, and (iii) no interest is payable with respect to the any Earn-Out out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right rights to receive the any Earn-out Payment shall not be represented by any form of certificate or other instrument, is are not transferable, except by operation of Laws relating to descent and does distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer, Buyer (ii) Shareholders Seller shall not have any rights as a security holder of Buyer as a result of their Seller’s contingent right to receive the any Earn-Out out Payment hereunder, and (iii) no interest is payable with respect to the any Earn-Out out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right rights to receive the any Earn-out Payment shall not be represented by any form of certificate or other instrument, is are not transferable, and does do not constitute an equity or ownership interest in Buyer, ; (ii) Shareholders neither Seller nor Parent shall not have any rights as a security holder of Buyer as a result of their Seller’s contingent right to receive the any Earn-Out out Payment hereunder, ; and (iii) no interest is payable with respect to the any Earn-Out out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right rights to receive the Earn-out Payment Contingent Payments shall not be represented by any form of certificate or other instrument, is are not transferable, are unsecured, and does do not constitute an equity or ownership interest in Buyer, Buyer or the Company and (ii) Shareholders no Stockholder shall not have any rights as a security holder of Buyer or the Company as a result of their any Stockholder’s contingent right to receive the Earn-Out Payment any Contingent Payments hereunder, and (iii) no interest is payable with respect to the Earn-Out Payment.

No Security. The parties hereto understand and agree that (i) the contingent right to receive the Earn-out Payment shall not be represented by any form of certificate or other instrument, is not transferable, and does not constitute an equity or ownership interest in BuyerBuyer or the Company, (ii) Shareholders Seller shall not have any rights as a security holder securityholder of Buyer or the Surviving Company as a result of their Seller’s contingent right to receive the Earn-Out out Payment hereunder, and (iii) no interest is payable with respect to the Earn-Out out Payment.

No Security. The parties Parties hereto understand and agree that (i) the contingent right rights to receive the any Earn-out Payment shall not be represented by any form of certificate or other instrument, is are not transferable, except by the operation of Law relating to descent and does distribution, divorce and community property, and do not constitute an equity or ownership interest in the Buyer, (ii) Shareholders the Sellers shall not have any rights as a security holder of the Buyer as a result of their contingent right to receive the any Earn-Out out Payment hereunder, and (iii) no interest is payable with respect to the any Earn-Out out Payment.