Common use of Void Assignment Clause in Contracts

Void Assignment. Any Transfer by any Shareholder of any Shares in contravention of Sections 9.01 and 9.02 shall, to the fullest extent permitted by law, be void and ineffectual, and shall not bind or be recognized by the Trust or any other party. No purported assignee shall have any right to any profits, losses or distributions of the Trust.

Appears in 2 contracts

Sources: Trust Agreement (Bitwise 10 Crypto Index Fund), Trust Agreement (Bitwise 10 Crypto Index Fund)