Common use of No Transfer Restrictions Clause in Contracts

No Transfer Restrictions. Except for(i) any legend with respect to restrictions pursuant to applicable federal and state securities laws on transfer of the Common Stock pledged by the Pledgor hereunder which appears on the certificates representing such Common Stock (and which (A) will not be applicable to the delivery of any such Common Stock to the Trust pursuant to the Forward Contract and this Agreement or to the delivery of any such Common Stock by the Trust to the holders of Equity Trust Securities pursuant to the Equity Trust Securities and (B) will be removed at the request of the Collateral Agent to the transfer agent for the Common Stock prior to any such delivery to the holders of Equity Trust Securities) and (ii) any restrictions on the Common Stock pursuant to the Stockholders Agreement, dated as of March 4, 1998, as amended by the Letter Agreements dated August 8, 2001, September 10, 2001 and October 5, 2001 (which such Agreement, as amended, shall not have any effect on the Common Stock pledged hereunder for so long as the Common Stock remains pledged pursuant to the terms of this Agreement and when such Common Stock is delivered by the Collateral Agent to the Trust on the Exchange Date or in connection with the occurrence of an Event of Default), no Transfer Restrictions exist with respect to or otherwise apply to the assignment of, or transfer by the Pledgor of possession of, any items of Collateral to the Collateral Agent hereunder, or the subsequent sale or transfer of such items of Collateral by the Collateral Agent pursuant to the terms hereof.

No Transfer Restrictions. Except for(ifor (i) any legend with respect to restrictions pursuant to applicable federal and state securities laws on transfer of the Common Stock pledged by the Pledgor hereunder which appears on the certificates representing such Common Stock (and which (A) will not be applicable to the delivery of any such Common Stock to the Trust pursuant to the Forward Contract and this Agreement or to the delivery of any such Common Stock by the Trust to the holders of Equity Trust Securities pursuant to the Equity Trust Securities and (B) will be removed at the request of the Collateral Agent to the transfer agent for the Common Stock prior to any such delivery to the holders of Equity Trust Securities) and (ii) any restrictions on the Common Stock pursuant to the Stockholders Agreement, dated as of March 4, 1998, as amended by the Letter Agreements dated August 8, 2001, September 10, 2001 and October 5, 2001 (which such Agreement, as amended, shall not have any effect on the Common Stock pledged hereunder for so long as the Common Stock remains pledged pursuant to the terms of this Agreement and when such Common Stock is delivered by the Collateral Agent to the Trust on the Exchange Date or in connection with the occurrence of an Event of Default), no Transfer Restrictions exist with respect to or otherwise apply to the assignment of, or transfer by the Pledgor of possession of, any items of Collateral to the Collateral Agent hereunder, or the subsequent sale or transfer of such items of Collateral by the Collateral Agent pursuant to the terms hereof.

No Transfer Restrictions. Except for(ifor (i) any legend with respect to restrictions pursuant to applicable federal and state securities laws on transfer of the HRH Common Stock pledged by the Pledgor hereunder which appears on the certificates representing such HRH Common Stock (and which (A) will not be applicable to the delivery of any such HRH Common Stock to the Trust Holders of Purchase Contracts pursuant to the Forward Contract and this Agreement or to the delivery of any such Common Stock by the Trust to the holders of Equity Trust Securities pursuant to the Equity Trust Securities Purchase Contracts and (B) will be removed at the request of the Collateral Agent to the transfer agent for the HRH Common Stock prior to any such delivery to the holders Holders of Equity Trust SecuritiesPurchase Contracts) and (ii) any restrictions on the HRH Common Stock pursuant to the Stockholders AgreementAmended and Restated Voting and Standstill Agreement dated , dated as of March 4, 1998, as amended by 2002 between HRH and the Letter Agreements dated August 8, 2001, September 10, 2001 and October 5, 2001 Pledgor (which such Agreement, as amended, agreement shall not have any effect on the HRH Common Stock pledged hereunder for so long as the Common Stock remains pledged pursuant when delivered to the terms Holders of this Agreement and when such Common Stock is delivered by the Collateral Agent to the Trust Purchase Contracts on the Exchange Purchase Contract Settlement Date or in connection with the occurrence of an Event of Default) (collectively, the “Permitted Transfer Restrictions”), no Transfer Restrictions exist with respect to or otherwise apply to the assignment of, or transfer by the Pledgor of possession of, any items of Collateral to the Collateral Agent hereunder, or the subsequent sale or transfer of such items of Collateral by the Collateral Agent pursuant to the terms hereof.