Transferable and Non-Transferable Provisions Sample Clauses

Transferable and Non-Transferable Provisions. Subject to the other provisions of this Article X, each Capital Member shall be free to Transfer all or any portion of its rights and obligations under this Agreement, including, without limitation, such Capital Member’s Economic Interest and/or such Capital Member’s non-economic voting and other rights hereunder, including, without limitation, such Capital Member’s right to designate one or more Managers, right to vote or consent with respect to certain matters and/or right to obtain information from the Company; provided, however, that except in connection with any Affiliate Transfer or any Transfer to a Complete Transferee, the rights and restrictions specifically applicable to ADA-ES and the ECP Members pursuant to Section 3.6
Sample 1
AutoNDA by SimpleDocs
Transferable and Non-Transferable Provisions. Subject to the other provisions of this Article X, each Member shall be free to Transfer all or any portion of its rights and obligations under this Agreement, including, without limitation, such Member’s Economic Interest and/or such Member’s non-economic voting and other rights hereunder, including, without limitation, such ECP Member’s or ADA-ES’s right to designate one or more Managers on the Board, right to vote or consent with respect to certain matters and/or right to obtain information from the Company; provided, however, that except in connection with any Transfer to an Affiliate or Subsidiary as permitted by Section 10.3(a) or any Transfer to a Complete Transferee, the rights and restrictions specifically applicable to ADA-ES and the ECP Members pursuant to Section 3.6 (Triggering Events), Section 6.2 (Exclusivity), Section 10.5 (Right of First Offer) and Section 10.7 (Buy-Sell Provisions) (the “Non-Transferable Provisions”) shall be personal to such ECP Member and ADA-ES and Complete Transferees thereof or Transferees thereof that are Affiliates or Subsidiaries of such ECP Members or ADA-ES. The rights of any ECP Member, ADA-ES or Affiliate or Subsidiary thereof contained in any of the Non-Transferable Provisions shall not be Transferred to any Person that is not ADA-ES, an ECP Member or an Affiliate or Subsidiary thereof and that is not a Complete Transferee. For the avoidance of doubt, the Members acknowledge and agree that Transferees shall be subject to the restrictions contained in Section 10.5 and notwithstanding the fact that the rights of ADA-ES and the ECP Members thereunder may be non-transferable pursuant to this Section 10.9(e). Immediately following any Transfer by an ECP Member or ADA-ES to a Person that is not a Complete Transferee or an Affiliate or Subsidiary of such Member, such Non-Transferable Provisions shall continue to apply solely with respect to that portion, if any, of such ECP Member’s or ADA-ES’s Membership Interest retained by such ECP Member or ADA-ES.
Sample 1

Related to Transferable and Non-Transferable Provisions

  • Non-Transferable The Grantee may not transfer this Option except by will or the laws of descent and distribution. This Option shall not be otherwise transferred, assigned, pledged, hypothecated or disposed of in any way, whether by operation of law or otherwise, and shall be exercisable during the Grantee's lifetime only by the Grantee or his guardian or legal representative.

  • Non-Transferability of RSUs Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void.

  • Non-Transferability Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner.

  • Transferability of Registration Rights The registration rights set forth in this Agreement are transferable to each transferee of Registrable Securities. Each subsequent holder of Registrable Securities must consent in writing to be bound by the terms and conditions of this Agreement in order to acquire the rights granted pursuant to this Agreement.

  • Non-Transferability of Award The Award, or any portion thereof, is not transferable except as designated by the Participant by will or by the laws of descent and distribution or pursuant to a domestic relations order. Except as provided in the immediately preceding sentence, the Award shall not be assigned, transferred, pledged, hypothecated or otherwise disposed of by the Participant in any way whether by operation of law or otherwise, and shall not be subject to execution, attachment or similar process. Any attempt at assignment, transfer, pledge, hypothecation or other disposition of the Award contrary to the provisions hereof, or the levy of any attachment or similar process upon the Award, shall be null and void and without effect.

  • Non-Transferability of Restricted Stock The Restricted Stock and this Restricted Stock Agreement shall not be transferable.

  • Non-Transferability of Option This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

  • Assignability of Registration Rights Except as provided in Section 8.11, no Party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the written consent of the other Party to this Agreement.

  • Non-Transferability of the Option The Option may be exercised during the lifetime of the Optionee only by the Optionee and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution.

  • Non-Transferability of Options The Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee.

Time is Money Join Law Insider Premium to draft better contracts faster.