Common use of TRANSFER AND ASSIGN Clause in Contracts

TRANSFER AND ASSIGN. The right of each Preferred Shareholder set forth in this Section 4.1 may not be assigned or transferred. Notwithstanding the aforesaid, the right of each Preferred Shareholder is assignable by any Preferred Shareholder to any Affiliate of such Preferred Shareholder, and each Preferred Shareholder shall be entitled to apportion the right of first offer hereby granted to it among its partners, members and Affiliates in such proportions as it deems appropriate (who shall not be a Company Specific Competitor).