Transferability; Sale Clause Samples
The "Transferability; Sale" clause defines the conditions under which a party may transfer or sell its rights or interests under an agreement to another party. Typically, this clause outlines whether such transfers require prior written consent, are subject to certain restrictions, or are freely permitted, and may specify exceptions such as transfers to affiliates or in connection with a merger or sale of substantially all assets. Its core practical function is to control and clarify the circumstances under which contractual rights and obligations can be assigned or sold, thereby protecting the interests of the original parties and preventing unwanted or unapproved changes in contractual relationships.
Transferability; Sale. The interest of the Seller in the Escrow Shares and any other property comprising the Escrow Account (the “ Escrow Property ”) shall not be offered for sale, sold, pledged, assigned, transferred (including by operation of law) or otherwise disposed of, directly or indirectly, or be subject to a transaction which would have the same effect, or be subject to any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of the Escrow Property, whether any such aforementioned transaction is to be settled by delivery of the Escrow Property, in cash or otherwise, so long as such Escrow Property is held by the Escrow Agent hereunder; provided , however , that the Escrow Agent may sell, transfer, or otherwise dispose of the Escrow Property pursuant to Sections 2.1 and 2.2 hereof, and as otherwise provided in this Agreement.
Transferability; Sale. The interest of the Shareholders in the Escrow Shares shall not be assignable or transferable so long as such Escrow Shares are held by the Escrow Agent hereunder; PROVIDED, HOWEVER, that the Escrow Agent may sell, transfer, or otherwise dispose of the Escrow Shares pursuant to Sections 5 and 6 hereof, and as otherwise provided in this Agreement.
Transferability; Sale. The interest of MessageMedia in any property comprising the Escrow Property shall not be assignable or transferable so long as such Escrow Property is held by Escrow Agent hereunder; provided, however, that Escrow Agent may sell, transfer, or otherwise dispose of Escrow Property pursuant to Section 5 hereof, and as otherwise provided in this Agreement.
Transferability; Sale. The interest of the Stockholders in the Escrow Shares and any other property comprising the Escrow Account (collectively, the "ESCROW PROPERTY") shall not be assignable or transferable inter vivos so long as such Escrow Property is held by the Escrow Agent hereunder; PROVIDED, HOWEVER, that the Escrow Agent may sell, transfer, or otherwise dispose of the Escrow Property pursuant to Section 5 and 6 hereof, and as otherwise provided in this Agreement.
Transferability; Sale. (a) Transferability. The Indemnifying Shareholder shall not sell, pledge, assign, or transfer (including by operation of law) or otherwise dispose of, its interest in the Escrow Fund, directly or indirectly, or subject its interest in the Escrow Fund to a transaction which would have the same effect, or subject its interest in the Escrow Fund to any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of the Escrow Fund, in cash or otherwise, so long as such Escrow Fund is held by the Escrow Agent hereunder.
Transferability; Sale