Common use of Transfer of Rights of First Refusal Clause in Contracts

Transfer of Rights of First Refusal. Each Holder may assign its right of first refusal under this Section 4 in whole or in part to one or more of the following: any subsidiary, parent, general partner, limited partner, retired partner, member, retired member, general partner of a general partner, affiliate or family trust of such Holder, who shall agree to be bound by this Agreement in connection with and following such assignment by executing a Counterpart Signature Page (which shall not be deemed to be an amendment hereto).