Common use of Restrictions on Exercise and Transfer Clause in Contracts

Restrictions on Exercise and Transfer. Notwithstanding any provisions ------------------------------------- contained in this Warrant to the contrary, this Warrant and the related Warrant Shares shall not be transferable except pursuant to (and subject to compliance by the holder hereof with) the provisions of Section 3.2 hereof and then only in compliance with the provision contained in the following sentence or the other conditions specified in this Section 3, intended, among other things, to insure compliance with the provisions of the Act and applicable state law in respect of the transfer of this Warrant or such Warrant Shares. The holder of this Warrant, by its acceptance hereof, agrees that it will not transfer this Warrant or the related Warrant Shares until registration of such Warrant or Warrant Shares under the Act has become effective or a sale of such Warrant Shares has been consummated pursuant to Rule 144 or other exemption under the Act. Any transfer of this Warrant may only be in whole and not in part.

Restrictions on Exercise and Transfer. Notwithstanding any provisions ------------------------------------- contained in this Warrant to the contrary, this Warrant and the related Warrant Shares shall not be transferable except pursuant to (and subject to compliance by the holder hereof with) the provisions of Section 3.2 hereof and then only in compliance with the provision contained in the following sentence or the other conditions specified in this Section 3, intended, among other things, to insure compliance with the provisions of the Act and applicable state law in respect of the transfer of this Warrant or such Warrant Shares. The holder of this Warrant, by its acceptance hereof, agrees that it will not transfer this Warrant or the related Warrant Shares until registration of such Warrant or Warrant Shares under the Act has become effective or a sale of such Warrant Shares has been consummated pursuant to Rule 144 or other exemption under the Act. Any transfer of this Warrant may only be in whole and not in part.