Common use of Restrictions on Transfer of Escrow Warrants Clause in Contracts

Restrictions on Transfer of Escrow Warrants. During the Escrow Period, no sale, transfer or other disposition may be made of any or all of the Escrow Warrants except (i) upon the dissolution and liquidation of an Insider Purchaser and the distribution of assets to its members; (ii) by gift to a immediate family member of an Insider Purchaser’s members or to a trust, the beneficiary of which is a member of the Insider Purchaser or a member of the immediate family of the Insider Purchaser’s members, (iii) by virtue of the laws of descent and distribution upon death of any member of an Insider Purchaser, or (iv) pursuant to a qualified domestic relations order; provided, however, that such permissive transfers may be implemented only upon the respective transferee’s written agreement to be bound by the terms and conditions of this Agreement and of the Subscription Agreement signed by the Insider Purchaser.

Restrictions on Transfer of Escrow Warrants. During the Escrow Period, no sale, transfer or other disposition may be made of any or all of the Escrow Warrants except (i) upon the dissolution and liquidation of an Insider Purchaser and the distribution of assets to its members; (ii) by gift to a immediate family member of an Insider Purchaser’s members Purchaser or to a trust, the beneficiary of which is a member of the Insider Purchaser or a member of the immediate family of the Insider Purchaser’s members, (iii) by virtue of the laws of descent and distribution upon death of any member of an Insider Purchaser, or (iv) pursuant to a qualified domestic relations order; provided, however, that such permissive transfers may be implemented only upon the respective transferee’s written agreement to be bound by the terms and conditions of this Agreement and of the Subscription Agreement signed by the Insider PurchaserPurchaser making the transfer.

Restrictions on Transfer of Escrow Warrants. During the Escrow Period, no sale, transfer or other disposition may be made of any or all of the Escrow Warrants except (i) upon the dissolution and liquidation of an the Insider Purchaser and the distribution of assets to its members; (ii) by gift to a immediate family member of an the Insider Purchaser’s 's members or to a trust, the beneficiary of which is a member of the Insider Purchaser or a member of the immediate family of the Insider Purchaser’s 's members, (iii) by virtue of the laws of descent and distribution upon death of any member of an the Insider Purchaser, or (iv) pursuant to a qualified domestic relations order; provided, however, that such permissive transfers may be implemented only upon the respective transferee’s 's written agreement to be bound by the terms and conditions of this Agreement and of the Subscription Agreement signed by the Insider Purchaser.