Additional Permitted Transfers by the Investors Clause Samples
The "Additional Permitted Transfers by the Investors" clause defines specific circumstances under which investors are allowed to transfer their shares or interests beyond the standard restrictions typically imposed in an agreement. This clause often outlines particular types of transfers that are exempt from general transfer limitations, such as transfers to affiliates, family members, or trusts for estate planning purposes. By specifying these exceptions, the clause provides investors with flexibility to manage their holdings while maintaining overall control over who may become a shareholder, thereby balancing investor needs with the company’s interest in controlling ownership changes.
Additional Permitted Transfers by the Investors. Any holder of Investor Shares may Transfer any or all of such Shares (a) to an Investor or an Affiliated Fund or (b) to its partners or members or to Affiliates of any of the foregoing. No Transfer permitted under the terms of this Section 3.1 shall be effective unless the transferee of such Shares (each, a “Permitted Transferee”) has delivered to the Company a written acknowledgment and agreement in form and substance reasonably satisfactory to the Company that such Shares to be received by such Permitted Transferee shall remain Investor Shares or Management Shares, as the case may be, and shall be subject to all of the provisions of this Agreement and that such Permitted Transferee shall be bound by, and shall be a party to, this Agreement as the holder of Investor Shares or Management Shares, as the case may be, hereunder; provided, however, that Shares Transferred to any director, officer or employee of, or consultant or adviser to, the Company or any of its subsidiaries by a holder of Investor Shares shall thereafter become Management Shares hereunder; and provided further that no Transfer by any holder of Shares to a Permitted Transferee shall relieve such holder of any of its obligations hereunder.
Additional Permitted Transfers by the Investors. Any holder of Investor Shares may Transfer any or all of such Shares (a) to an Investor or an Affiliated Fund or (b) to its partners or members or to Affiliates of any of the foregoing.
Additional Permitted Transfers by the Investors. Any holder of Investor Shares may Transfer any or all of such Shares to its partners or members in connection with the termination of such holder’s legal existence if such holder has complied with the provisions contained in the paragraph below. Any such Transfer may be made no earlier than six-months prior to the termination of such holder’s legal existence.