Directed Transfer Sample Clauses

Directed Transfer. (a) If insufficient Transfer Offers are received to enable the transfer of the Transfer Interest to Continuing Participants, the Operator may, within 3 months following the Closing Date, by written notice require the Transferring Participant to transfer all or any of its Participating Interest to a nominated transferee, at the amount specified in the Transfer Invitation as the Valuation Price of the Transfer Interest. (b) The Transferring Participant must transfer the Transfer Interest specified by the Operator under this clause to any transferee specified by the Operator. (c) The Operator must not compel the Transferring Participant to transfer any Transfer Interest under this clause if that transfer would be effected: (i) at a Transfer Price less than the Valuation Price specified in the Transfer Invitation; and (ii) upon terms more favourable to the External Transferee than the terms specified in the Transfer Invitation to Continuing Participants.