Common use of Rights Not Transferable Clause in Contracts

Rights Not Transferable. The rights of the Closing Company Shareholders as of immediately prior to the Closing are personal to each such shareholder and shall not be transferable for any reason otherwise than by operation of law, will or the laws of descent and distribution. Any attempted transfer of such right by any holder thereof (otherwise than as permitted by the immediately preceding sentence) shall be null and void.

Rights Not Transferable. The rights of the Closing Company Shareholders Shareholder under this Agreement as of immediately prior to the Closing are personal to each such shareholder Company Shareholder and shall not be transferable for any reason otherwise than by operation of law, will or the laws of descent and distribution. Any attempted transfer of such right by any holder thereof (otherwise than as permitted by the immediately preceding sentence) shall be null and void.

Rights Not Transferable. The rights of the Closing Company Selling Shareholders under this Agreement as of immediately prior to the Closing are personal to each such shareholder Selling Shareholder and shall not be transferable for any reason otherwise than by operation of law, will or the laws of descent and distribution. Any attempted transfer of such right by any holder thereof (otherwise than as permitted by the immediately preceding sentence) shall be null and void.

Rights Not Transferable. The rights of the Closing Company Shareholders Shareholder under this Agreement as of immediately prior to the Closing are personal to each such shareholder Company Shareholder and shall not be transferable for any reason otherwise than to Parent (without derogating from the provisions of Section 10.6 below concerning certain permitted assignments to its controlled Affiliates) or by operation of law, will or the laws of descent and distribution. Any attempted transfer of such right by any holder thereof rights (otherwise than as permitted by the immediately preceding sentence) shall be null and void.