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 the operation of Law relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in the Buyer, (ii) the Sellers shall not have any rights as a security holder of the Buyer as a result of 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 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 Law Laws relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in the Buyer, Buyer (ii) the Sellers Seller shall not have any rights as a security holder of the Buyer as a result of their 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 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 Law relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in the Buyer, ; (ii) the Sellers neither Seller nor Parent shall not have any rights as a security holder of the Buyer as a result of their 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 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 Law relating to descent and distribution, divorce and community propertyLaw, and do not constitute an equity or ownership interest in Buyer or the BuyerCompany, (ii) the Sellers Seller shall not have any rights as a security holder securityholder of Buyer or the Buyer Company as a result of their 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 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 Law relating to descent and distribution, divorce and community property, instrument and do not constitute an equity or ownership interest in Buyer or the Buyer, (ii) the Sellers shall not have any rights as a security holder of the Buyer as a result of their contingent right to receive any Earn-out Payment hereunder, and (iii) no interest is payable with respect to any Earn-out Payment.Company Parent,

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

No Security. The Parties 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 the operation of Law relating to descent and distribution, divorce and community property, and do does not constitute an equity or ownership interest in Buyer or the BuyerCompany, (ii) the Sellers Seller shall not have any rights as a security holder securityholder of Buyer or the Buyer Surviving Company as a result of their 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.

No Security. The Parties 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 the operation of Law relating to descent and distribution, divorce and community property, and do does not constitute an equity or ownership interest in the Buyer, (ii) the Sellers Shareholders shall not have any rights as a security holder of the Buyer as a result of 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 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 the operation of Law relating to descent and distribution, divorce and community property, and do does not constitute an equity or ownership interest in the Buyer, ; (ii) the Sellers Seller shall not have any rights as a security holder securityholder of the Buyer as a result of their 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 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 the operation of Law Laws relating to descent and distribution, divorce and community property, and do not constitute an equity or ownership interest in Buyer or the Buyer, Company; (ii) the Sellers shall not have any rights as a security holder securityholder of Buyer or the Buyer Company as a result of their 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 parties 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 the operation of Law relating to descent and distribution, divorce and community property, and do does not constitute an equity or ownership interest in Purchaser or the BuyerCompany, (ii) none of the Sellers shall not have any rights as a security holder securityholder of Purchaser or the Buyer Company as a result of their 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 parties hereto understand and agree that (i) the contingent rights to receive any Earn-out Payment the Contingent Payments shall not be represented by any form of certificate or other instrument, are not transferable, except by the operation of Law relating to descent and distribution, divorce and community propertyare unsecured, and do not constitute an equity or ownership interest in Buyer or the BuyerCompany, (ii) the Sellers no Stockholder shall not have any rights as a security holder securityholder of Buyer or the Buyer Company as a result of their any Stockholder’s contingent right to receive any Earn-out Payment Contingent Payments hereunder, and (iii) no interest is payable with respect to any Earn-out Contingent Payment.