Common use of No Assignment of Rights Clause in Contracts

No Assignment of Rights. Subject to any exceptions set forth elsewhere herein, none of the rights to receive the Units or DERs may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by Recipient, and Recipient agrees not to attempt to sell, assign, transfer, pledge, hypothecate or otherwise dispose of such rights. Any attempt to sell, assign, transfer, pledge, hypothecate or otherwise dispose of a right to receive a Unit or DER under this Agreement shall be null and void.

Appears in 4 contracts

Sources: Phantom Unit Award Agreement (Quest Resource Corp), Phantom Unit Award Agreement (Quest Energy Partners, L.P.), Phantom Unit Award Agreement (Quest Resource Corp)

No Assignment of Rights. Subject to any exceptions set forth elsewhere herein, none of the rights to receive the Units or DERs may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by Recipient, and Recipient agrees not to attempt to sell, assign, transfer, pledge, hypothecate or otherwise dispose of such rights. Any attempt to sell, assign, transfer, pledge, hypothecate or otherwise dispose of a right to receive a Unit or DER under this Agreement shall be null and void.

Appears in 2 contracts

Sources: Restricted Unit Award Agreement (Quest Resource Corp), Restricted Unit Award Agreement (Quest Resource Corp)

No Assignment of Rights. Subject to any exceptions set forth elsewhere herein, none of the rights to receive the Units or DERs may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by Recipient, and Recipient agrees not to attempt to sell, assign, transfer, pledge, hypothecate or otherwise dispose of such rights. Any attempt to sell, assign, transfer, pledge, hypothecate or otherwise dispose of attach a right to receive a Unit or DER under this Agreement shall be null and void.

Appears in 1 contract

Sources: Unit Award Agreement (Quest Energy Partners, L.P.)

No Assignment of Rights. Subject to any exceptions set forth elsewhere herein, none of the rights to receive the Units or DERs may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by RecipientParticipant, and Recipient Participant agrees not to attempt to sell, assign, transfer, pledge, hypothecate or otherwise dispose of such rights. Any attempt to sell, assign, transfer, pledge, hypothecate or otherwise dispose of a right to receive a Unit or DER under this Agreement shall be null and void.

Appears in 1 contract

Sources: Restricted Share Unit Award Agreement (PostRock Energy Corp)