Common use of Restrictions on Transfer of Warrants Clause in Contracts

Restrictions on Transfer of Warrants. 5.1. Notwithstanding anything to the contrary contained in Article IV, the Warrantholder, by its acceptance of this Warrant, agrees that it will not directly, or indirectly, offer to sell, sell, contract to sell, grant or sell to any other person any option, right or warrant to purchase, lend, assign, pledge, transfer, hypothecate or otherwise dispose of or encumber any of the Warrants, or dispose of any beneficial interest therein, except to (i) successors to Warrantholder in a merger or consolidation, (ii) officers, directors, employees or agents of Warrantholder, (iii) purchasers of all or substantially all of the assets of Warrantholder or (iv) shareholders of Warrantholder or shareholders or partners of its transferees in the event of liquidation or dissolution.