Common use of Transfer of Claims and Interests Clause in Contracts

Transfer of Claims and Interests. (a) Until the termination of this Agreement, no Supporting Party shall sell, use, pledge, assign, transfer, permit the participation in, or otherwise dispose of any ownership (including any beneficial ownership)2 in any Creditor Claims, in whole or in part (each, a “Transfer” provided, however that any pledge in favor of a bank or broker dealer at which a Supporting Party maintains an account, where such bank or broker dealer holds a security interest or other encumbrance over property in the account generally shall not be deemed a “Transfer” for any purposes hereunder) to any party, unless it satisfies all of the following requirements (a transferee that satisfies such requirements, a “Permitted Transferee,” and such Transfer, a “Permitted Transfer”):

Transfer of Claims and Interests. (a) Until During the termination of this AgreementEffective Period, no Supporting Party Consenting Creditor shall sell, use, pledge, assign, transfer, permit the participation in, or otherwise dispose of any ownership (including any beneficial ownership)2 ownership)4 in any the Creditor Claims, Claims in whole or in part (each, a “Transfer” ”, provided, however however, that any pledge in favor of a bank or broker dealer at which a Supporting Party Consenting Creditor maintains an account, where such bank or broker dealer holds a security interest in or other encumbrance encumbrances over property in the account generally shall not be deemed a “Transfer” for any purposes hereunder) to any party, unless it satisfies all of the following requirements (a transferee that satisfies such requirements, a “Permitted TransfereeTransferee ,” and such Transfer, a “Permitted Transfer”):