Permitted Assignees Sample Clauses

Permitted Assignees. (a) Subject to compliance with Section 6.01, a purchaser, assignee or transferee of a Member’s Membership Interest (each such Person, a “Permitted Assignee”) shall have the right to become a Substitute Member only if the following conditions (in addition to those set forth in Section 6.01) are satisfied:
AutoNDA by SimpleDocs
Permitted Assignees. Subject to Section 2.10(b), the right to cause the Company to register Registrable Securities pursuant to this Article II may be assigned (but only with all related obligations) by a Holder only to one of the following Persons (“Permitted Transferees”):
Permitted Assignees. TENANT may allow a “Permitted Assignee” herein, to utilize the Leased Premises after providing written notification to the Airport. A “Permitted Assignee” shall mean:
Permitted Assignees. Notwithstanding anything to the contrary contained in this Lease, Tenant may, upon ten (10) days' written notice to, but without any requirement of consent by Landlord, assign this Lease to a wholly owned subsidiary of Tenant, to an affiliate of Tenant, to an entity that is controlled by, controls or is under common control with Tenant, or any person or entity simultaneously acquiring, by asset or stock transfer, consolidation, merger, sale or reorganization, a majority of Tenant's assets, provided such assignee assumes this Lease in its entirety, and agrees to perform the obligations of Tenant under this Lease ("Permitted Assignee(s)"). Further, if Tenant is a corporation or a partnership, or a publicly traded company, as defined by applicable federal securities laws, then, in any such event, any change of ownership resulting in a change of majority control from those persons or entities not having control will not be deemed an assignment or transfer requiring Landlord's consent. For purposes herein, "control" means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person or entity, or majority ownership of any sort, whether through ownership or voting securities, by contract or otherwise.
Permitted Assignees. Each Investor Stockholder shall have the ------------------- right to have included in any registration pursuant to Section 1 or Section 2 any shares of Common Stock owned by any Permitted Assignee as though such shares were Registrable Securities owned by such Investor Stockholder. MJD Partners, each MJD Principal and each Management Stockholder shall have the right to have included in any registration pursuant to Section 1 or Section 2 any shares of Common Stock owned by any permitted transferees of MJD Partners, such MJD Principal or such Management Stockholder, as the case may be, under the Stockholders' Agreement as those such shares were Registrable Securities owned by MJD Partners, such MJD Principal or such Management Stockholder, as the case may be.
Permitted Assignees. The provisions of Sections 13.1, 13.2 and 13.6 shall not apply to transactions with a business entity into or with which Tenant is merged, consolidated or converted or to which all or substantially all of Tenant’s assets are transferred (a “Permitted Assignee”) so long as (i) such transfer was made for a legitimate independent business purpose and not for the purpose of transferring this Amended and Restated Lease, (ii) if Tenant is merging into or with another business entity such that Tenant will no longer exist, the successor to Tenant has a tangible net worth computed in accordance with generally accepted accounting principles consistently applied (and excluding goodwill, organization costs and other intangible assets) that is at least equal to the net worth of Tenant on the Effective Date, (iii) proof satisfactory to Landlord of such net worth is delivered to Landlord at least 10 days prior to the effective date of any such transaction, (iv) any such transfer shall be subject and subordinate to all of the terms and provisions of this Amended and Restated Lease, and the transferee shall assume, in a written document reasonably satisfactory to Landlord and delivered to Landlord upon or prior to the effective date of such transfer, all the obligations of Tenant under this Amended and Restated Lease, (v) unless the successor to Tenant has a tangible net worth computed in accordance with generally accepted accounting principles consistently applied (and excluding goodwill, organization costs and other intangible assets) that is at least equal to the net worth of Tenant on the Effective Date, Tenant and any guarantor shall remain fully liable for all obligations to be performed by Tenant under this Amended and Restated Lease, provided that where such condition is satisfied Tenant and any guarantor shall be released from such obligations, and (vi) such transfer does not cause Landlord to be in default under any existing lease at the Real Property.
Permitted Assignees. Notwithstanding any contrary provision set forth in Section 6.1(b) of the Original Lease, Tenant shall have the right to assign, sublease or transfer the Lease to any entity owned or controlled by Cash America International, Inc. or any parent or affiliate of Cash America International, Inc. (each, a “Permitted Assignee”); provided, however, notwithstanding such an assignment, sublease or transfer to a Permitted Assignee, Cash America International, Inc. shall at all times remain primarily and jointly and severally liable with the Permitted Assignee for the obligations of the lessee under the Lease.
AutoNDA by SimpleDocs
Permitted Assignees. All references to the Investor ------------------- Stockholders in this Section 11 shall include any of their respective Permitted Assignees.
Permitted Assignees. The affected Owner(s) shall provide City with written notice of a Permitted Assignment within thirty (30) days following the effective date thereof.
Permitted Assignees. Seller and Purchaser hereby agree that all representations and warranties made by the parties in the Agreement shall inure to the benefit of any Permitted Assignee, as such representations or warranties may be modified or limited therein.
Time is Money Join Law Insider Premium to draft better contracts faster.