No Transfer of Interest. TASL covenants and agrees that, so long as the Note shall remain unpaid, TASL will not sell, assign, pledge, encumber or otherwise dispose of any member interest of the Borrower except to the extent and in the manner permitted by the Security Agreement and that any transfer by it of any interest in the Borrower shall not reduce, release or lessen its obligations under this Agreement.
No Transfer of Interest. Benefits under this Plan shall be payable ----------------------- solely from the general assets of the Sponsor (and, with respect to any Participant who is an employee of an Affiliated Company, also from the general assets of such Affiliated Company), and no person shall be entitled to look to any other source for payment of such benefits. The Sponsor (and, if applicable, any Affiliated Company) shall have and possess all title to, and beneficial interest in, any and all funds or reserves maintained or held by the Sponsor (or such Affiliated Company) on account of any obligation to pay benefits as required under this Plan, whether or not earmarked as a fund or reserve for such purpose; any such funds, other property or reserves shall be subject to the claims of the creditors of the Sponsor (or such Affiliated Company), and the provisions of this Plan are not intended to create, and shall not be interpreted as vesting, in any Participant, Beneficiary or other person, any right to or beneficial interest in any such funds, other property or reserves. Nothing in this Section 6.04 shall be construed or interpreted as prohibiting or restricting the establishment of a grantor trust within the meaning of Code Section 671 which is unfunded for purposes of Sections 201(2), 301(a)(3), and 401(a)(l) of ERISA, from which benefits under this Plan may be payable.
No Transfer of Interest. For added clarity and notwithstanding anything to the contrary in this Agreement, neither the execution of this Agreement, nor the furnishing of any Confidential Information, shall be construed as granting to the Receiving Party (expressly or by implication, estoppel or otherwise) any right or interest, by license or otherwise, in, under or to any invention, trade secret, know-how, patent, patent application, copyright, trade name, trademark, industrial design, trade secret, or other intellectual property right, all whether now or hereafter owned by, controlled by, or licensed to the Disclosing Party. The Confidential Information disclosed by the Disclosing Party is, and remains, the property of the Disclosing Party. The Receiving Party will not apply for or obtain any intellectual property protection in respect of the Confidential Information of the Disclosing Party, or in respect of any future refinements, improvements, enhancements and extensions based thereon.
No Transfer of Interest. Except as hereinafter otherwise provided in this Article IX, during the term of this Agreement, no Partner (or any successor) shall, directly or indirectly in any manner, sell, transfer, assign, encumber or otherwise dispose of any interest in the Partnership, nor shall any such interest be subject, in whole or in part, directly or indirectly, to sale, transfer, assignment, encumbrance or other disposition by operation of law or agreement, without the prior written consent of the other Partner, and any attempt so to do shall be void.
No Transfer of Interest. Shareholders shall not sell, transfer, assign, alienate, encumber, pledge or otherwise convey to any person or entity other than Buyer any of the Company Stock, or any interest therein.
No Transfer of Interest. Sellers shall not sell, transfer, assign, alienate, encumber, pledge or otherwise convey to any person or entity other than Buyer any of the Purchased Interest, or any interest therein.
No Transfer of Interest. No Joint Venturer may sell, assign, transfer, encumber, or otherwise dispose of any interest in the Joint
No Transfer of Interest. No provision of this Agreement shall be interpreted or construed (a) as transferring to Key Individual or any other person or entity any direct or indirect ownership or other proprietary interest whatsoever in the Company or any affiliate or its stock or securities, or (b) as creating any partnership, joint venture or other joint business enterprise between any such person and the Company or any affiliate. The Company and each affiliate shall have and possess all title to, and beneficial interest in, any and all funds or other property received by the Company or any affiliate in connection with the sale or other disposition of all or any portion of the Company’s or any affiliate ’s assets and/or any funds or reserves maintained or held by the Company or any affiliate on account of any obligation to pay the Bonus Payments as required under this Agreement, whether or not earmarked by the Company or any affiliate as a fund or reserve for such purpose; any such funds, other property or THE IT GROUP, INC. BONUS AGREEMENT reserves shall be subject to the claims of the creditors of the Company or any affiliate, and the provisions of this Agreement are not intended to create, and shall not be interpreted as vesting, in Key Individual, beneficiary or other person, any right to or beneficial interest in any such funds, other properly or reserves.
No Transfer of Interest. No right, title, or interest in or to the Website or any content on the Website is transferred to you, and all rights not expressly granted are reserved by Axagent. Any use of the Website not expressly permitted by this Agreement is a breach of this Agreement and may violate copyright, trademark, and other laws.
No Transfer of Interest. Each Purchaser represents and warrants to the Company that (a) it has not transferred to a third party any interest in the Warrant or the Debenture issued to it under the Securities Purchase Agreement, and (b) it has not assigned its rights under the Deed of Trust or its security interest created pursuant thereto, and it has not created, incurred, assumed or permitted to exist any lien or encumbrance on its rights or security interest created pursuant to the Deed of Trust.
