Common use of Notifications Regarding Transfers Clause in Contracts

Notifications Regarding Transfers. To the extent that either an Institutional Shareholder proposes a Transfer pursuant to Section 3.4(iv) or a Management Shareholder proposes a Transfer pursuant to Section 3.5(a)(iii), such Shareholder shall provide notice to THL at least five Business Days prior to the proposed Transfer Date of the number of Shares proposed to be Transferred. Not less that two Business Days prior to the proposed Transfer Date, THL shall notify such Shareholder of whether the Transfer is believed to be permitted based on the formulas set forth in Section 3.4(iv) or 3.5(a)(iii), as applicable.

Notifications Regarding Transfers. To the extent that either an Institutional Shareholder proposes a Transfer pursuant to Section 3.4(iv) or a Management Shareholder proposes a Transfer pursuant to Section 3.5(a)(iii), such Shareholder shall provide notice to THL at least five Business Days prior to the proposed Transfer Date of the number of Shares proposed to be Transferred. Not less that than two Business Days prior to the proposed Transfer Date, THL shall notify such Shareholder of whether the Transfer is believed to be permitted based on the formulas set forth in Section 3.4(iv) or 3.5(a)(iii), as applicable.