Deemed Transfer Sample Clauses

Deemed Transfer. 22.10.1 Notwithstanding anything contained in this Agreement, failure of the "DEVELOPER" to; a) handover the physical possession of the Project, Project Facilities, all Premises and any other Assets created by the "DEVELOPER" on the land; and b) execute a relinquishment deed stating that the "DEVELOPER" shall have no claim on the Project along with the Project and Project Facilities, if any, created by the "DEVELOPER" on the Project Site; shall not adversely affect the transfer of the Project and Project Facilities created by the "DEVELOPER". 22.10.2 Notwithstanding anything contained above, on the end of the Project Period, the Project along with the Project and Project Facilities created by the "DEVELOPER" shall deemed to have reverted to "RWS" on the expiry of the Project Period or to “OWNERS” on the date of termination of this Agreement, as the case may be, and from such date, the "RWS/OWNERS" shall be deemed to have assumed full ownership / charge over the Project and Project Facilities without any liability and / or Encumbrance, whatsoever.

Deemed Transfer. “Deemed Transfer” shall have the meaning ascribed to such term in Subsection 8.2(e).

Deemed Transfer. The State acknowledges that the Committee shall not withhold its consent to an assignment, where the Assignee is: (a) a company listed (or Controlled by a company listed) on any International Exchange having a market capitalisation of not less than the net assets of the Company; or (b) a reputable and bona fide company (or an Affiliate thereof) that has demonstrated financial capacity and technical ability to meet the obligations under this Agreement. The Assignee shall be deemed to have adequate financial capacity and technical ability to meet the obligations under this Agreement and the Mines and Minerals Act where (i) the net assets of the assignee (together with its controlling Affiliates) exceed those of the Company and (ii) the assignee has agreed to assume all of the technical personnel of the Company within Malaŵi, for a period of not less than 12 months, in furtherance of its assumption of the Business.

Deemed Transfer. If Tenant is a nonpublicly traded corporation, or an unincorporated association or partnership, any direct or indirect cumulative transfer, assignment or hypothecation of any stock or interest in such corporation, association or partnership in the aggregate in excess of thirty percent (30%) of the beneficial ownership thereof (or, in the case of a partnership, of the beneficial ownership thereof or of the general partner interest thereof) shall be deemed a Transfer within the meaning and provisions of this Section 14 and subject to its provisions.

Deemed Transfer. If, pursuant to Section 4.12(d), the Purchase Price is deposited with the Corporation's bankers in the name of the Seller, from and after the date of such deposit, and even though the certificates or instruments representing the Purchased Securities have not been delivered to the Purchaser, the purchase and sale of the Purchased Securities shall be deemed to have been fully completed and all right, title, benefit and interest, both at law and in equity, in and to the Purchased Securities shall be conclusively deemed to have been transferred and assigned to and become vested in the Purchaser and all right, title, benefit and interest, both at law and in equity, of the Seller

Deemed Transfer. If Lessee is a corporation, unincorporated association, a limited liability company, a partnership or other business entity, any dissolution, merger, consolidation or other reorganization of Lessee, for the sale, transfer, assignment or hypothecation of fifty percent (50%) or more of any stock or other ownership interest in such corporation, association, limited liability company, partnership or other business entity shall be deemed an assignment within the meaning of and subject to the provisions of this paragraph 15. If, however, Lessee is a corporation whose stock is regularly traded on a national stock exchange or is regularly traded in the over-the-counter market and quoted on NASDAQ, the transfer of stock, regardless of quantity, shall not constitute an assignment for the purposes of this lease.

Deemed Transfer. Subject to the discretion of NV to determine otherwise, if any of the following events occur in relation to a Licensee, that event will be deemed a transfer of its rights under this Agreement and clauses 11.3 to 11.5 will apply. (a) There is a change in the ownership of a Licensee which is a company limited by guarantee, including: (i) an alteration to more than 15% of the membership of the Licensee; or (ii) if the Licensee admits new members aggregating in number more than 15% of the total membership at the time this Agreement was entered into. (b) There is a change in the ownership of a Licensee which is an incorporated association, including the Licensee ceasing to be registered as an incorporated association under the relevant State legislation under which it was incorporated at the time this Agreement was entered into.

Deemed Transfer. (a) A "Deemed Transfer" of an Ownership Interest shall occur if 20% or more of the outstanding capital stock or equity interest in any Member is transferred to any Person; and (b) MTG shall not make any Deemed Transfer for a period of five (5) years from the date hereof. If (i) an individual member of an affiliate of MTG holding 20% or more of MTG's interest in the Company or (ii) individual members of affiliates of MTG holding, in the aggregate, 20% or more of MTG's interest in the Company (collectively or individually (i) and (ii) are defined as the "Individual Member") die, MTG shall offer to sell a pro rata share of MTG's Percentage Ownership Interests that represented the indirect interest of such Individual Member in the Company at Book Value (as defined in Section 7.6).

Deemed Transfer. 17.8.1 Notwithstanding anything contained in this Concession Agreement, failure of the Concessionaire to : a. handover the physical possession of the Transferrable Assets and; b. execute a conveyance deed, if required, stating that the Concessionaire shall have no claim on the Transferrable Assets; c. shall not adversely affect the transfer of the Transferrable Assets to the Authority. 17.8.2 Notwithstanding anything contained above, on the end of the Concession Period the Transferrable Assets shall be deemed to have reverted to the Authority on the expiry of the Concession Period or on the date of termination of this Concession Agreement, as the case may be, and from such date the Authority shall be deemed to have assumed full ownership/charge over the Transferrable Assets without any liability and/or Encumbrance.