First Transferee definition

First Transferee means the Person that acquires Tenant’s Interest in the Premises from a Recognized Mortgagee or its Designee that acquired Tenant’s Interest in the Premises pursuant to a Foreclosure Transfer described in Section 11.11(c)(i)(1).
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First Transferee and “Second Transferee” may hereinafter collectively be referred to as “the Transferees”.
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First Transferee has the meaning given to that term in paragraph 2(h).
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Examples of First Transferee in a sentence

  • LISTING RULES IMPLICATIONS To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the First Transferee is a limited partnership whose limited partnership interest is held as to approximately 99.99% by China Life, a substantial shareholder of the Company, and approximately 0.01% by the Second Transferee, whilst the Second Transferee is a wholly-owned subsidiary of China Life Insurance (Group) Company, which is the holding company of China Life.

  • However, the exercis e price of such options would be suitably re-priced in order to compensate the em ployees, for reduction in the intrinsic value of the Transferor Com pany pursuant to Demerger of the Indian Terrain Division into the First Transferee Company.

  • The rights and obligations of a Designee and a First Transferee from such Recognized Mortgagee relative to Percentage Rent shall similarly apply.

  • The cancellation of the pre - demerger share capital shall result in a mirror image of the shareholding pattern in the First Transferee Com pany as it stands for the Transferor Company, to the extent the Key Managerial ESPS offered to the em ployees as per clause 6.6, is not exercised by such employees.

  • First Transferee Information First Transferee Tax Residency To be complete by single and joint transferees only.

  • INFORMATION ON THE TRANSFEREES To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the First Transferee is a limited partnership established under the laws of the PRC whose limited partnership interest is held as to approximately 99.99% by China Life and approximately 0.01% by the Second Transferee.

  • By the appointment of the Second Transferee and the acceptance by the Second Transferee of such appointment, all of the rights, powers and obligations of the First Transferee in relation to the Construction Agreement shall immediately and automatically be transferred to and assumed by the Second Transferee and the First Transferee shall be released from all of its obligations under the Construction Agreement.

  • The First Transferee Com pany shall cancel its pre – demerger paid up equity share capital of Rs. 5,00,000/- (Rupees Five Lakhs only) i.e. 50,000 equity shares of Rs. 10/- (Rupees Ten only) each, held by the Transferor Company, upon allotment of equity shares as per clause 9.1, as consideration for demerger.

  • The options under the ESOS which, as of the Effective Date, have been vested in employees, being transferred to the First Transferee Company pursuant to the Schem e, but have not been exercised, would lapse 90 days after the Effective Date.

  • Pursuant, to the acceptance of such ESPS plan, the k ey managerial staff, would hold upto 10% of the post dem ▇▇▇▇▇ paid up capital of the First Transferee Company.


More Definitions of First Transferee

First Transferee is defined in Section 21.3.6.10.
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First Transferee has the meaning provided in Section 11.11(c).
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Related to First Transferee

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Subsequent Transferee has the meaning set forth in Section 4.06(b).

  • Approved Transferee means (a) a “qualified institutional buyer” (“QIB”) as defined in Rule 144A promulgated under the Securities Act that is a financial institution or commercial bank having capital and surplus of $5,000,000,000 or more, (b) an affiliate of the Funding Lender, or (c) a trust or custodial arrangement established by the Funding Lender or one of its affiliates the beneficial interests in which will be owned only by QIBs.

  • Prospective Transferee means any person to whom a Key Holder proposes to make a Proposed Key Holder Transfer.