Transferability and Assignment. This Agreement and the Phantom Units and the DERs granted hereunder may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee (or any permitted transferee) other than by will or the laws of descent and distribution. Any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be null, void and unenforceable against the Company Group.
Appears in 6 contracts
Samples: Phantom Unit Agreement (Quintana Energy Services Inc.), Phantom Unit Agreement (Quintana Energy Services Inc.), Phantom Unit Agreement (Quintana Energy Services Inc.)
Transferability and Assignment. This Agreement and the Phantom Units and the DERs granted hereunder may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee Director (or any permitted transferee) other than by will or the laws of descent and distribution. Any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be null, void and unenforceable against the Company Westlake Group.
Appears in 3 contracts
Samples: Phantom Unit Agreement (Westlake Chemical Partners LP), Phantom Unit Agreement (Westlake Chemical Partners LP), Phantom Unit Agreement (Westlake Chemical Partners LP)
Transferability and Assignment. This Agreement and Neither this Agreement, the Phantom Units and nor the DERs granted hereunder may not be sold, assigned, alienated, pledged, attachedexchanged, sold hypothecated, or otherwise transferred transferred, encumbered, or encumbered disposed of by the Grantee (or any permitted transferee) other than by will or the laws of descent and distributionEmployee. Any purported transfer, assignment, alienation, pledge, hypothecation, attachment, sale, transfer or encumbrance shall be null, void and unenforceable against the Company GroupEntities.
Appears in 3 contracts
Samples: Performance Phantom Unit Agreement (CSI Compressco LP), Performance Phantom Unit Agreement (CSI Compressco LP), Performance Phantom Unit Agreement (Compressco Partners, L.P.)
Transferability and Assignment. This Agreement and the Phantom Units [and the DERs DERs] granted hereunder may will not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered transferable by the Grantee (or any permitted transferee) Participant other than by will or the laws of descent and distribution. Any purported transfer, assignment, alienation, pledge, hypothecation, attachment, sale, transfer or encumbrance shall be null, void and unenforceable against the Company GroupEntities.
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