Common use of Nontransferability of Purchase Right Clause in Contracts

Nontransferability of Purchase Right. The Purchase Right and the Metavante Purchase Right are exercisable only by the Investor. Neither the Purchase Right nor the Metavante Purchase Right may be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Purchase Right or the Metavante Purchase Right, shall be null and void.

Appears in 4 contracts

Samples: Stock Purchase Right Agreement (Wpm, L.P.), Stock Purchase Right Agreement (Wpm, L.P.), Stock Purchase Right Agreement (Metavante Technologies, Inc.)

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