Requirements of Transfer. No transfer of the Debenture shall be valid and effective unless and until (a) the transferor executes a written assignment of the Debenture or executes a separate power of attorney indicating his intent to transfer ownership, (b) the transferee executes a Debenture Agreement, which shall be identical to this Agreement except for the Holder's name and the date of execution and (c) the transferor delivers written transfer instructions (i) signed by the transferor and the transferee, (ii) stating the name and mailing and residence address of the transferee, and (iii) stating the desired effective date of such change of ownership. If the transferee fails to execute a Debenture Agreement, the transferee's signature on the instructions of transfer will be deemed to constitute the transferee's assent to the terms of the Debenture and the Debenture Agreement.
Requirements of Transfer. No Disposition of a Membership Interest in the Company shall be effective unless and until written notice (including the name and address of the proposed transferee or donee and the date of such Disposition) has been provided to the Company and the non-transferring Members.
Requirements of Transfer. (a) In the event a Member seeks to withdraw from the Company and transfer his Interest ("Withdrawing Member"), he shall first be required to obtain the approval of a majority of the then-remaining Members (on a PER CAPITA basis). If such approval is granted, the Withdrawing Member shall then be required to transfer such Interest PRO RATA to all of the then-remaining Members. Each such remaining Member shall be obligated to acquire from such Withdrawing Member that portion of such Withdrawing Member's Interest equal to the amount obtained by multiplying such Withdrawing Member's Interest by a fraction, the numerator of which is the Interest of the Member acquiring the Withdrawing Member's Interest and the denominator of which is all of the Interests in the Company less the Withdrawing Member's Interest.
Requirements of Transfer. Except as set forth in Section 7.1, every transfer of a Membership Interest in the Company permitted hereunder, including a transfer permitted by Section 7.5, shall be subject to the following requirements:
Requirements of Transfer document A transfer document of any Shares in the Co-op must: [a] be in writing; [b] specify the number of Shares being transferred; and [c] be executed and dated both by the transferor and transferee, and the transferor remains the holder of the Shares until the name of the transferee is entered in the register of members.
Requirements of Transfer. FRANCHISOR shall not unreasonably withhold its consent to a transfer of any ownership interests in DEVELOPER provided that DEVELOPER shall have been in full compliance with this Agreement, the Franchise Agreement and Addenda thereto, and that all of the following conditions are met prior to the time of the proposed transfer:
Requirements of Transfer. In addition to the other requirements hereunder, no Transfer of Shares in the Company shall be effective unless and until:
Requirements of Transfer. No transfer of the Debenture shall be valid unless and until the transferor executes a separate power of attorney indicating his intent to transfer ownership, delivers such Debenture to the Company along with transfer instructions, and such change of ownership is recorded in the Company's debenture records.
Requirements of Transfer. (a) In the event a Shareholder seeks to transfer any or all of his Shares (“Withdrawing Shareholder”), he shall first be required to obtain the approval of a majority of the then-remaining Shareholders. If such approval is granted, the Withdrawing Shareholder shall then be required to transfer such Shares pro rata to all of the then-remaining Shareholders. Each such remaining Shareholder shall be obligated to acquire from such Withdrawing Shareholder that portion of such Withdrawing Shareholder’s Shares equal to the amount obtained by multiplying such Withdrawing Shareholder’s Shares by a fraction, the numerator of which is the number of Shares of the Shareholder acquiring the Withdrawing Shareholder’s Shares and the denominator of which is all of the Shares in the Corporation less the Withdrawing Shareholder’s Shares.
Requirements of Transfer. Notwithstanding any provision in the Asset Purchase Agreement or this Schedule 9.2 to the contrary, each transfer of assets of any Seller Retirement Plan is subject to the receipt by Seller of, and no such transfer shall be made unless Seller has received: (i) evidence reasonably satisfactory to it that Buyer has timely completed all governmental filings or submissions needed in order for the Buyer's Retirement Plans to receive a transfer of assets from the Seller Retirement Plans, (ii) IRS qualification letters, or an opinion of Buyer's counsel in a form reasonably satisfactory to Seller, to the effect that the Buyer's Retirement Plans as in effect on the date of the transfer satisfy the qualification requirements under Section 401(a) of the Code, and (iii) an opinion of Buyer's counsel in a form reasonably satisfactory to Seller that the requirements of Section 411(d)(6) of the Code are satisfied by the Buyer's Retirement Plans. In no event shall any transfer from any Seller Retirement Plan be made prior to the lapse of thirty (30) days after the filing of a complete Form 5310A. In the event any transfer of assets is to take place on any Saturday, Sunday or legal holiday, the assets shall be transferred on the next following business day and valued on the last business day of the month preceding the transfer.
