Examples of Eligible Transferee in a sentence
If within twenty-one days after the giving of a Transfer Notice (or such extended time as in all the circumstances the directors consider reasonable) the Transfer Notice has not been complied with to the satisfaction of the directors, the Company may sell the Relevant Shares on behalf of the holder of them by instructing a member of the London Stock Exchange to sell them on arms’ length terms to any Eligible Transferee or Eligible Transferees.
The directors shall be entitled to require such Non-Qualified Holder by notice in writing to sell or transfer his shares to a person who is an Eligible Transferee within 21 days of such notice in accordance with article 10.15 and if such sale does not take place within such 21 day period the directors may then exercise their other discretions in accordance with article10.15 in respect of that Non-Qualified Holder.