Common use of Permitted Assigns Clause in Contracts

Permitted Assigns. Exel (and Exel's member upon distribution of warrants by Exel to its members) shall have the right to assign any portion of the Warrants (a) to Paul Verrochi, Dominic Puopolo, Don Glazer and Don Boyles and (▇) ▇▇ ▇▇▇▇▇▇ el▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ b▇ ▇▇▇ (▇▇▇ch as▇▇▇▇▇▇▇▇ ▇an be made by any of the persons listed in (a) above). Any person or entity that owns any Warrants is herein referred to as a "Holder." In the event of the death of any Holder, then such Warrants shall be exercisable by the heirs of such Holder pursuant to the terms hereunder. IN THE EVENT OF AN ASSIGNMENT TO ANYONE OTHER THAN AMERICAN BUSINESS PARTNERS LLC AND THOSE LISTED IN (a) ABOVE OR THEIR HEIRS, COACH SHALL HAVE THE RIGHT FOR TWENTY BUSINESS DAYS PRIOR TO SUCH ASSIGNMENT TO ACQUIRE ANY SUCH WARRANTS PROPOSED FOR ASSIGNMENT UPON THE SAME TERMS AND CONDITIONS AS PROPOSED BY ANY SUCH TRANSFEREE.

Permitted Assigns. Exel (and Exel's member members upon distribution of warrants by Exel to its members) shall have the right to assign any portion of the Warrants (a) to Paul Verrochi, Dominic Puopolo, Don Glazer and Don Boyles and (▇b) ▇▇ ▇▇▇▇▇▇ el▇ls▇ ▇▇ ▇▇▇▇▇▇▇▇▇ b▇ by ▇▇▇ (▇▇▇ch as▇h ass▇▇▇▇▇▇▇ ▇an be ▇▇ ▇▇ made by any of the persons listed in (a) above). Any person or entity that owns any Warrants is herein referred to as a "Holder." In the event of the death of any Holder, then such Warrants shall be exercisable by the heirs of such Holder pursuant to the terms hereunder. IN THE EVENT OF AN ASSIGNMENT TO ANYONE OTHER THAN AMERICAN BUSINESS PARTNERS LLC AND THOSE LISTED IN (aA) ABOVE OR THEIR HEIRS, COACH SHALL HAVE THE RIGHT FOR TWENTY BUSINESS DAYS PRIOR TO SUCH ASSIGNMENT TO ACQUIRE ANY SUCH WARRANTS PROPOSED FOR ASSIGNMENT UPON THE SAME TERMS AND CONDITIONS AS PROPOSED BY ANY SUCH TRANSFEREE.