Deemed Transfer definition
Examples of Deemed Transfer in a sentence
Where a Deemed Transfer Notice is deemed given pursuant to clause 9.2 (Event of Defaults and deemed transfers), such Deemed Transfer Notice shall also be deemed to offer, by way of transfer, any Shareholder Debt outstanding to the Defaulting Shareholder in the Company (Defaulting Shareholder Debt).
The rights provided for in this ARTICLE V in favor of the Anywhere Member or the TRG Member, as applicable, are personal to each such Member to which such rights have been granted and may not be Transferred (including through a Deemed Transfer) by any such Member to any Person other than to an Affiliate of such Member.
If a Deemed Transfer occurs without the approval of the Board (including the approval of the TRG Designee), the Entity that holds Units will be deemed to have violated this ARTICLE VII, and, in addition to such rights and remedies as the Company and other Members may have against such defaulting holder, such defaulting holder shall take all action required to void such Transfer.
Failure to make such re-transfer within fourteen days of the transferee ceasing to be such an Associated Company shall result in a Deemed Transfer Notice under Section 13.4(b).
The rights provided for in this Section 7.4 are personal to each Member to which such rights have been granted and may not be Transferred (including through a Deemed Transfer) by any such Member to any Person other than to an Affiliate of such Member; provided, that any Transferee of the Units of such Member shall be subject to all obligations of such Member hereunder.
The provisions of this Clause 4.15 apply only to resolutions necessary to implement a Deemed Transfer Notice and not to any other resolutions.
Nothing in this sub-clause (f) shall prevent the service of a Transfer Notice which a Shareholder is required to give in accordance with the Articles or the giving of a Deemed Transfer Notice in accordance with the Articles.
RuralCom has made ISED aware of recent changes in ownership and control and will continue to work with ISED towards its approval of a Deemed Transfer.
Deemed Transfer of Units ...................................................................................
Where a Deemed Transfer Notice is deemed given pursuant to clause 9.2, such Deemed Transfer Notice shall also be deemed to offer, by way of transfer, any Shareholder Debt outstanding to the C Shareholder in the Company (C Shareholder Debt).