Common use of Transferability of Registration Rights Clause in Contracts

Transferability of Registration Rights. The rights under this Section 12 are not transferable except (a) a transfer by will or intestacy, (b) estate planning transfers consisting of gifts to the spouse or issue of the transferee and transfers to trusts for the benefit of the spouse or issue of the transferee, (c) a transfer to the constituent partners of a Selling Stockholder that is a partnership as part of a distribution of the shares of Parent Common Stock held by such partnership so long as all such transferees appoint a single representative as their attorney-in-fact for the purpose of receiving any notices and exercising their rights under this Article XII, and each transferee represents to Parent that it is an "accredited" investor as defined in Rule 501 promulgated under the Securities Act, or (d) with the written consent of Parent.

Transferability of Registration Rights. The rights under this -------------------------------------- Section 12 are not transferable except (a) a transfer by will or intestacy, (b) estate planning transfers consisting of gifts to the spouse or issue of the transferee and transfers to trusts for the benefit of the spouse or issue of the transferee, (c) a transfer to the constituent partners of a Selling Stockholder that is a partnership as part of a distribution of the shares of Parent Common Stock held by such partnership so long as all such transferees appoint a single representative as their attorney-in-fact for the purpose of receiving any notices and exercising their rights under this Article XII, and each transferee represents to Parent that it is an "accredited" investor as defined in Rule 501 promulgated under the Securities Act, or (d) with the written consent of Parent.

Transferability of Registration Rights. The rights under this -------------------------------------- Section 12 are not transferable except (a) a transfer by will or intestacy, (b) estate planning transfers consisting of gifts to the spouse or issue of the transferee and transfers to trusts for the benefit of the spouse or issue of the transferee, (c) a transfer to the constituent partners of a Selling Stockholder that is a partnership as part of a pro rata distribution of the shares of Parent Common Stock held by such partnership so long as all such transferees appoint a single representative as their attorney-in-fact for the purpose of receiving any notices and exercising their rights under this Article XII, and each transferee represents to Parent that it is an "accredited" investor as defined in Rule 501 promulgated under the Securities Act, or (d) with the written consent of Parent.

Transferability of Registration Rights. The rights under this Section 12 -------------------------------------- 9 are not transferable except (a) a transfer by will or intestacy, (b) estate planning transfers consisting of gifts to the spouse or issue of the transferee and transfers to trusts for the benefit of the spouse or issue of the transferee, (c) a transfer to the constituent partners of a Selling Stockholder that is a partnership as part of a pro rata distribution of the shares of Parent Common Stock held by such partnership so long as all such transferees appoint a single representative as their attorney-in-fact for the purpose of receiving any notices and exercising their rights under this Article XIIIX, and each transferee represents to Parent that it is an "accredited" investor as defined in Rule 501 promulgated under the Securities Act, or (d) with the written consent of Parent.