Common use of No Transfer or Encumbrance Clause in Contracts

No Transfer or Encumbrance. To the extent permitted by applicable law, no General Escrow Shares or General Escrow Dividends or any beneficial interest therein may be pledged, encumbered, sold, assigned or transferred (including any transfer by operation of law), by Buyer or Nasco or be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of Buyer or Nasco or used for any reason, prior to (i) in the case of Buyer, the retention of General Escrow Shares in satisfaction of a resolved Claim for Damages to address any post-closing Merger Adjustment in accordance with this Agreement or (ii) in the case of Nasco, the release by Escrow Agent to Nasco of General Escrow Shares or General Escrow Dividends in accordance with this Agreement, except that Nasco shall be entitled to assign its rights to the General Escrow Shares or General Escrow Dividends by will, by the laws of intestacy or by other operation of law.

No Transfer or Encumbrance. To the extent permitted by applicable law, no General Escrow Shares or Shares, General Escrow Dividends or any beneficial interest therein may be pledged, encumbered, sold, assigned or transferred (including any transfer by operation of law), by Buyer or Nasco a Company shareholder or be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of Buyer or Nasco such Company shareholder or used for any reason, prior to (i) in the case of Buyer, the retention of General Escrow Shares in satisfaction of a resolved Claim for Damages or to address any post-closing Merger Adjustment in accordance with this Agreement or (ii) in the case of Nascothe Company shareholders, the release by Escrow Agent to Nasco the Company shareholders of General Escrow Shares or General Escrow Dividends Dividends, in accordance with this Agreement, except that Nasco Company Shareholders shall be entitled to assign its their rights to the General Escrow Shares or General Escrow Dividends by will, by the laws of intestacy or by other operation of law.

No Transfer or Encumbrance. To the extent permitted by applicable law, no General Escrow Shares or General Escrow Dividends or any beneficial interest therein may be pledged, encumbered, sold, assigned or transferred (including any transfer by operation of law), by Buyer or Nasco a Principal or be taken or reached by any legal or equitable process in satisfaction of any debt or other liability of Buyer or Nasco such Principal or used for any reason, prior to (i) in the case of Buyer, the retention of General Escrow Shares in satisfaction of a resolved Claim for Damages to address any post-closing Merger Adjustment in accordance with this Agreement or (ii) in the case of Nascothe Selling Shareholders, the release by Escrow Agent to Nasco the Selling Shareholders of General Escrow Shares or General Escrow Dividends in accordance with this Agreement, except that Nasco Selling Shareholders shall be entitled to assign its their rights to the General Escrow Shares or General Escrow Dividends by will, by the laws of intestacy or by other operation of law.