Common use of No Encumbrance Clause in Contracts

No Encumbrance. None of the Escrow Shares or any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law or by a Holder, or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holder, prior to the delivery of the Escrow Shares by the Custodian or Cambridge to such Holder pursuant to this Escrow Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (Cambridge Technology Partners Massachusetts Inc), Escrow Agreement (Cambridge Technology Partners Massachusetts Inc)

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No Encumbrance. None of the Escrow Shares or any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law or by a Holder, or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holder, prior to the delivery of the Escrow Shares by the Custodian Escrow Agent or Cambridge KHC to such Holder pursuant to this Escrow Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Celerity Group Inc), Employment Agreement (Celerity Group Inc)

No Encumbrance. None of the Escrow Shares or any beneficial -------------- interest therein may be pledged, soldsold (except as provided in Section 1.3), assigned or transferred, including by operation of law or by a Holder, or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holder, prior to the delivery of the Escrow Shares by the Custodian Escrow Agent or Cambridge Parent to such Holder pursuant to this Escrow Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Tsi International Software LTD)

No Encumbrance. None of the No Escrow Shares or any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law or law, by a Holder, Holder or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a the Holder (other than such Holder's obligations under Section 10.2 of the Plan), prior to the delivery to such Holder of the Escrow Shares by the Custodian or Cambridge to such Holder pursuant to this Escrow AgreementAgent.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Integrated Systems Inc)

No Encumbrance. None of Except as contemplated in the Purchase -------------- Agreement and as provided in this Agreement (including, without limitation, in connection with the Distribution), no Escrow Shares or any beneficial -------------- interest therein in the Escrow Shares may be pledged, sold, assigned or transferred, including by operation of law or law, by a Holder, Holder or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holder, prior to the delivery to such Holder of the Escrow Shares by the Custodian or Cambridge to such Holder pursuant to this Escrow AgreementDepository Agent.

Appears in 1 contract

Samples: Depository Agreement (Vertel Corp)

No Encumbrance. None of the Escrow Shares or any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law or by a Holder, or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holder, prior to the delivery of the Escrow Shares by the Custodian or Cambridge Parent to such Holder pursuant to this Escrow Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Del Arroz Manuel)

No Encumbrance. None of the No Escrow Shares or any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law or law, by a Holder, Holder or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a the Holder (other than such Holder's obligations under Section 10.2 of the Agreement), prior to the delivery to such Holder of the Escrow Shares by the Custodian or Cambridge to such Holder pursuant to this Escrow AgreementAgent.

Appears in 1 contract

Samples: Escrow Agreement (Carreker Antinori Inc)

No Encumbrance. None of the No Escrow Shares Amount or any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law or law, by a Holder, Holder or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holder, prior to the delivery to such Holder of the Escrow Shares Amount by the Custodian or Cambridge to such Holder pursuant to this Escrow AgreementAgent.

Appears in 1 contract

Samples: Escrow Agreement (Discreet Logic Inc)

No Encumbrance. None of the No Escrow Shares or Escrow Notes or any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law law, by the Shareholders or by a Holder, or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holderthe Shareholders, prior to the delivery to the Shareholders of the Escrow Shares or Escrow Notes by the Custodian or Cambridge to such Holder pursuant to this Escrow AgreementAgent.

Appears in 1 contract

Samples: Escrow Agreement (Cardiac Science Inc)

No Encumbrance. None of the No Escrow Shares or any beneficial -------------- interest therein in the Escrow Shares may be pledged, sold, assigned or transferred, including by operation of law or law, by a Holder, Participating Stockholder or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a HolderParticipating Stockholder, prior to the delivery to such Participating Stockholder of such Participating Stockholder's portion of the Escrow Shares by the Custodian or Cambridge to such Holder pursuant to this Escrow AgreementAgent.

Appears in 1 contract

Samples: Escrow Agreement (Advent International Corp Et Al)

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No Encumbrance. None of the No Escrow Shares Shares, or any beneficial -------------- interest therein therein, may be pledged, sold, assigned assigned, or transferred, including pledged or otherwise encumbered by operation of law or by a Holderany Stockholder, or may be taken or reached by any legal or equitable process in satisfaction of any debt debt, obligation or other liability of a Holder, prior to the delivery of any Stockholder while the Escrow Shares by are being held in escrow under the Custodian or Cambridge to such Holder pursuant to terms of this Escrow Agreement and the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Crdentia Corp)

No Encumbrance. None of the No Escrow Shares or any beneficial -------------- interest therein in the Escrow Shares may be pledged, sold, assigned or transferred, including by operation of law or law, by a Holder, Participating Stockholder or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a HolderParticipating Stockholder, prior to the delivery to such Participating Stockholder of such Participating Stockholder’s portion of the Escrow Shares by the Custodian or Cambridge to such Holder pursuant to this Escrow AgreementAgent.

Appears in 1 contract

Samples: Escrow Agreement (Interwest Partners Viii Lp)

No Encumbrance. None of the No Escrow Shares or any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law law, by Holder or by a Holder, or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holder (other than Holder's obligations under Section 10.3 of the Agreement), prior to the delivery to Holder of the Escrow Shares by the Custodian or Cambridge to such Holder pursuant to this Escrow AgreementAgent.

Appears in 1 contract

Samples: Escrow Agreement (Carreker Antinori Inc)

No Encumbrance. None of the Escrow Shares or any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law or by a Holder, or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holder, prior to the delivery of the Escrow Shares by the Custodian Escrow Agent or Cambridge Parent to such Holder pursuant to this Escrow Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Sipex Corp)

No Encumbrance. None of the Shares held in the Escrow Shares or nor any beneficial -------------- interest therein may be pledged, sold, assigned or transferred, including by operation of law law, by Seller or by a Holder, or may be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of a Holder, prior to the delivery of the Escrow Shares by the Custodian or Cambridge to such Holder pursuant to this Escrow AgreementSeller.

Appears in 1 contract

Samples: Escrow Agreement (Worldport Communications Inc)

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