No Transfer Restrictions. [Except for the 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, as of the date hereof, appears on the face of the stock certificates representing such Common Stock,] 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.
Appears in 3 contracts
Samples: Collateral Agreement (Third Automatic Common Exchange Security Trust), Collateral Agreement (CVS Automatic Common Exchange Security Trust), Collateral Agreement (Fourth Automatic Common Exchange Security Trust)
No Transfer Restrictions. [Except for the legend with respect to restrictions pursuant to applicable federal and state securities laws on transfer of the Class A Common Stock pledged by the Pledgor hereunder which, as of the date hereof, appears on the face of the stock certificates representing such Class A Common Stock,] 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.
Appears in 1 contract
Samples: Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust)
