Examples of Disqualified Transferee in a sentence
Any transfer or attempted transfer in or into the United States or to, or for the account or benefit of, a United States person shall be null and void ab initio and shall vest no rights in the purported transferee (the Disqualified Transferee) and the last preceding holder that was not a Disqualified Transferee shall be restored to all rights as a Securityholder thereof retroactively to the date of transfer of such interest by the relevant Securityholder.
A Member may Transfer all or part of its Units (and Membership Interest represented thereby) to a Person that is not a Disqualified Transferee, provided that it satisfies the requirements of Section 9.3. Notwithstanding anything in this Section 9.2 to the contrary, a Transfer upon foreclosure (or in lieu of such foreclosure) under an Encumbrance on such Member’s Units permitted in accordance with Section 9.4 shall not require the approval by the Consent of the Members.
During the HTC Recapture Period, Lender shall not effect a transfer by foreclosure or deed or assignment in lieu of foreclosure, or otherwise to any Disqualified Transferee, and any transfer by foreclosure or deed or assignment in lieu of foreclosure, or otherwise shall be in accordance with the Mortgage SNDA.
Notwithstanding anything to the contrary contained in this Section 3.03, Fluor shall not Dispose of all or any portion of its Units to a Disqualified Transferee without the express written consent of DRIVe.
The Drag-Along Notice shall (i) set forth in reasonable detail the material terms and conditions of the proposed Disposition, including, without limitation, the proposed purchase price of the Class A Units and closing date, (ii) include a copy of the Bona Fide Offer, and (iii) include a certification that the Bona Fide Purchaser is not an Affiliate of the Class B Member or a Disqualified Transferee.