Examples of Designated Transferee in a sentence
Transfer of All or Less than All Unexercised Rights to More than One Designated Transferee.
Transfer of All or Less than All Unexercised Rights to One Designated Transferee.
Notwithstanding the Designated Transferee(s)’s obligation to pay the Purchase Price to the Member, upon the occurrence of a Transfer Event and the Designated Transferee obtaining the Transfer Approval, the Membership Interests will be immediately and automatically transferred to the Designated Transferee(s).
The parties hereto acknowledge that the Designated Transferee, if and when he or she becomes a Designated Transferee, shall have standing to enforce the provisions of this Agreement.
In the event the PC 1 shares or the PC 2 shares are transferred to a Designated Transferee pursuant to a Stock Transfer Restriction Agreement, such Designated Transferee will be required to execute a new stock transfer restriction agreement having terms substantially similar to the existing Stock Transfer Restriction Agreement.