Common use of No Transferability of Registration Rights Clause in Contracts

No Transferability of Registration Rights. Except with the prior written consent of Tyler, the Shareholders' registration rights under Section 10.2 shall not inure to the benefit of any person to whom any Shares are transferred, other than a spouse or descendant of a Shareholder ("Relative"), a trust solely for the benefit of a Shareholder or Relative, or a partnership all of the equity interests in which are directly or indirectly owned by a Shareholder or Relative.

No Transferability of Registration Rights. Except with the prior written consent of Tyler, the Shareholders' Shareholder's registration rights under Section Sections 10.2 and 10.3 shall not inure to the benefit of any person to whom any Shares are transferred, other than a the spouse or descendant descendants of a the Shareholder (his "RelativeRelatives"), a trust solely for the benefit of a the Shareholder or Relativehis Relatives, or a partnership all of the equity interests in which are directly or indirectly owned by a the Shareholder or Relativehis Relatives.