Common use of Transfer and Replacement of Warrant Clause in Contracts

Transfer and Replacement of Warrant. Neither this Warrant, nor any interest in this Warrant, may be sold, distributed, assigned, offered, pledged or otherwise transferred without the express written consent of the Company, except that transfers of this Warrant or an interest in this Warrant may be made at any time during the term to members of Lender, the children of the members of Lender, or a trust for the benefit of the individual members of the Lender or for the children of the members of the Lenders provided such members, children of members, or trust shall remain subject to the transfer restrictions provided in this Agreement and under applicable law.