Common use of Transferability; Attachment Clause in Contracts

Transferability; Attachment. The CVRs shall not be subject, in whole or in part, to attachment, execution, or levy of any kind, and any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of the CVRs or any interest therein, other than through a Permitted Transfer, shall be void ab initio.

Appears in 6 contracts

Samples: Contingent Value Rights Agreement (Capital Bank Corp), Contingent Value Rights Agreement (North American Financial Holdings, Inc.), Contingent Value Rights Agreement (North American Financial Holdings, Inc.)

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Transferability; Attachment. The CVRs shall not be sold, assigned, transferred, pledged, hypothecated, encumbered or in any other manner transferred or disposed of, in whole or in part, other than through a Permitted Transfer. The CVRs shall not be subject, in whole or in part, to attachment, execution, or levy of any kind, and any attempt to sell, assigned, transferred, pledge, assign, hypothecate, transfer encumber or otherwise dispose of the CVRs or any interest therein, other than through a Permitted Transfer, shall be void ab initio.

Appears in 1 contract

Samples: Contingent Value Rights Agreement (Midsouth Bancorp Inc)

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