Common use of Restrictions on Transferability Registration Rights Clause in Contracts

Restrictions on Transferability Registration Rights. The Restricted Securities shall not be transferable except upon the conditions specified in this SECTION 4; provided that, notwithstanding any other provisions of this SECTION 4, each Holder (and each other Person mentioned below in this clause) shall have the right to transfer any Restricted Securities to any Affiliate, fund participant, trust beneficiary, or limited partner of such Holder, any party to any investment management or other similar agreement with Trustco or Tamco, any fund, foundation, trust or other Person for whose benefit any such agreement with Trustco or Tamco relates or any trustee, custodian or nominee of or for any such Person. Each such transferee shall be subject to the same transfer restrictions imposed on the Holders by this Agreement. All rights and obligations of the Holders set forth in this SECTION 4 will inure to the benefit of and be binding upon any transferee of the Restricted Securities.

Restrictions on Transferability Registration Rights. The Restricted Securities shall not be transferable except upon the conditions specified in this SECTION Section 4; provided that, notwithstanding any other provisions of this SECTION Section 4, each Holder (and each other Person mentioned below in this clause) shall have the right to transfer any Restricted Securities to any Affiliate, fund participant, trust beneficiary, or limited partner of such Holder, any party to any investment management or other similar agreement with Trustco or Tamco, any fund, foundation, trust or other Person for whose benefit any such agreement with Trustco or Tamco relates or any trustee, custodian or nominee of or for any such PersonPerson (each a "Permitted Transferee"). Each such transferee shall be subject to the same transfer restrictions imposed on the Holders by this Agreement. All rights and obligations of the Holders set forth in this SECTION Section 4 will inure to the benefit of and be binding upon any transferee of the Restricted Securities.