Examples of Assignee Interest in a sentence
The Note shall be secured by the Assignee Interest [the Class B shares] purchased and by all other Assignee Interest owned by Purchaser, in accordance with the terms The Note will be nonrecourse, however, Purchaser shall be personally liable for any unpaid interest which accrues even if PHILIP S.
Finally, potential drivers of conflict resulting from poor governance—and which carry the potential to lead to further instability—are articulated for each pillar of government.Not all portions of this framework will pertain to your operating environment.
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The purchase price for the Assignee Interest [the Class B shares] will be payable on an installment basis and will be evidenced by a promissory note (the “Note”) from Purchaser, representing the total amount payable hereunder or such other percentage as agreed between them The parties intend that thisbe a contingent payment sale.
If the Company is continued as provided in Section 7.1.2, the Assignee Interest Holder shall have all the rights of an Economic Interest Holder but shall not have the right to vote or exercise any other rights of a Member unless and until the Assignee has satisfied the requirements set forth in Section 6.2.6.
If the Company is required to, or otherwise elects to recognize, any Adverse Withdrawal, effective as of the date of such Adverse Withdrawal, and without further action on the part of the Company or such Member: (i) the Membership Interest of such Member shall become an Assignee Interest, (ii) such Member shall become a Holder, and (iii) such Member shall not be entitled to receive the fair value of its Membership Interest.
In accordance with the terms of this Agreement, (a) Assignor hereby contributes the Contributed REIT Interest to the REIT, (b) Assignor hereby contributes the Contributed Assignee Interest to the Assignee and (c) the REIT hereby contributes the Contributed REIT Interest to the Assignee.
In addition to the other limitations and restrictions set forth in this ARTICLE 13 , except as expressly permitted by Section 13.2 hereof, no Person (whether such Person is a Member or a Holder who holds only an Assignee Interest) shall sell or similarly dispose of all or any portion of his Membership Interest or Assignee Interest unless such Member first offers to sell such Membership Interest strictly in accordance with the terms and conditions set forth in this Section 13.4 and Section 13.11 .
Except as otherwise expressly permitted or required by this Agreement, no Member may Transfer or offer to Transfer all, or any portion of, or any interest or rights in, the Membership Interest Rights owned by the Member, and no Holder may Transfer all, or any portion of, or any interest or rights in, any Assignee Interest held by such Holder.
The Transfer of an Assignee Interest shall not allow the transferee to exercise or otherwise control the transferor’s Governance Rights, and any attempt to do so shall be null and void and of no force or effect.