Common use of No Security Clause in Contracts

No Security. The parties hereto understand and agree that (i) the contingent rights to receive any Earn-out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by operation of Law, and do not constitute an equity or ownership interest in Buyer or the Company, (ii) Seller shall not have any rights as a securityholder of Buyer or the Company as a result of Seller’s contingent right to receive any Earn-out Payment hereunder, and (iii) no interest is payable with respect to any Earn-out Payment.

No Security. The parties hereto Parties understand and agree that (i) the contingent rights to receive any an Earn-out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by operation of LawLaw relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer or the CompanyBuyer, (ii) Seller shall not have any rights as a securityholder of Buyer or the Company as a result of Seller’s 's contingent right to receive any an Earn-out Payment hereunder, and (iii) no interest is payable with respect to any Earn-out Payment.

No Security. The parties hereto understand and agree that (i) the contingent rights to receive any Earn-out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by operation of Law, instrument and do not constitute an equity or ownership interest in Buyer or the Company, (ii) Seller shall not have any rights as a securityholder of Buyer or the Company as a result of Seller’s contingent right to receive any Earn-out Payment hereunder, and (iii) no interest is payable with respect to any Earn-out Payment.Parent,

No Security. The parties hereto understand and agree that (i) the contingent rights right to receive any the Earn-out Out Payment shall not be represented by any form of certificate or other instrument, are is not transferable, except by operation of Law, and do does not constitute an equity or ownership interest in Buyer Purchaser or the Company, (ii) Seller none of the Sellers shall not have any rights as a securityholder of Buyer Purchaser or the Company as a result of such Seller’s contingent right to receive any the Earn-out Out Payment hereunder, and (iii) no interest is payable with respect to any the Earn-out Out Payment.

No Security. The parties hereto understand and agree that (i) the contingent rights right to receive any the Earn-out Payment shall not be represented by any form of certificate or other instrument, are is not transferable, except by operation of Law, and do does not constitute an equity or ownership interest in Buyer or the CompanyBuyer, (ii) Seller Shareholders shall not have any rights as a securityholder security holder of Buyer or the Company as a result of Seller’s their contingent right to receive any the Earn-out Out Payment hereunder, and (iii) no interest is payable with respect to any the Earn-out Out Payment.

No Security. The parties hereto understand and agree that (i) the contingent rights to receive any Earn-out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by operation of LawLaws relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer or the CompanyBuyer, (ii) Seller shall not have any rights as a securityholder security holder of Buyer or the Company as a result of Seller’s contingent right to receive any Earn-out Payment hereunder, and (iii) no interest is payable with respect to any Earn-out Payment.

No Security. The parties hereto Parties understand and agree that (ia) the contingent rights to receive any the Earn-out Out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by operation of LawLaws relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer or the CompanyBuyer, (iib) the Seller shall not have any rights as a securityholder security holder of the Buyer or the Company as a result of the Seller’s contingent right to receive any the Earn-out Out Payment hereunder, and (iiic) no interest is payable with respect to any the Earn-out Out Payment.

No Security. The parties hereto understand and agree that (i) the contingent rights to receive any Earn-out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by operation of LawLaws relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer or the CompanyBuyer, (ii) Seller shall not have any rights as a securityholder securityholders of Buyer or the Company as a result of Seller’s contingent right to receive any Earn-out Payment hereunder, and (iii) no interest is payable with respect to any Earn-out Payment.

No Security. The parties hereto understand and agree that that: (i) the contingent rights right to receive any the Earn-out Payment Out Payments, if any, shall not be represented by any form of certificate or other instrument, are is not transferable, except by operation of Law, and do does not constitute an equity or ownership interest in Buyer or the Company, Buyer; (ii) Seller shall not have any rights as a securityholder of Buyer or the Company as a result of Seller’s contingent right to receive any the Earn-out Payment Out Payments, if any, hereunder, ; and (iii) no interest is payable with respect to any the Earn-out PaymentOut Payments, if any.

No Security. The parties hereto understand and agree that (i) the contingent rights right to receive any the Earn-out Payment shall not be represented by any form of certificate or other instrument, are is not transferable, except by operation of Law, and do does not constitute an equity or ownership interest in Buyer or the CompanyBuyer, (ii) Seller Sellers shall not have any rights as a securityholder security holder of Buyer or the Company as a result of Seller’s Sellers’ contingent right to receive any the Earn-out Out Payment hereunder, and (iii) no interest is payable with respect to any the Earn-out Out Payment.

No Security. The parties Parties hereto understand and agree that (i) the contingent rights to receive any Earn-out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by the operation of LawLaw relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer or the CompanyBuyer, (ii) Seller the Sellers shall not have any rights as a securityholder security holder of the Buyer or the Company as a result of Seller’s their contingent right to receive any Earn-out Payment hereunder, and (iii) no interest is payable with respect to any Earn-out Payment.

No Security. The parties hereto understand Parties acknowledge and agree that that: (i) the contingent rights to receive any Earn-out Out Payment shall not be represented by any form of certificate or other instrument, are not transferable, transferable except by operation of LawLaws relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer or the Company, ; (ii) Seller the Sellers shall not have any rights as a securityholder of Buyer or the Company as a result of Seller’s the Sellers’ contingent right to receive any Earn-out Out Payment hereunder, ; and (iii) no interest is payable with respect to any Earn-out Out Payment.

No Security. The parties hereto understand and agree that (i) the contingent rights right to receive any the Earn-out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by operation of Law, and do does not constitute an equity or ownership interest in Buyer or the Company, (ii) Seller shall not have any rights as a securityholder of Buyer or the Surviving Company as a result of Seller’s contingent right to receive any the Earn-out Payment hereunder, and (iii) no interest is payable with respect to any the Earn-out Payment.