Common use of Transfer of the Warrant Clause in Contracts

Transfer of the Warrant. The Warrant may be exercised only by the Holder or by the Holder's heirs, personal representatives and executors in the event of such Holder's death, and neither the Warrant nor any interest or right therein shall be subject to or liable for any debts, contracts or engagements of the Holder or be subject to disposition by transfer, alienation, pledge, encumbrance, assignment or any other means, whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy).