Involuntary Transferee has the meaning given in Section 12.4.

Involuntary Transferee has the meaning set forth in Section 3.2(a) of this Agreement.

Involuntary Transferee has the meaning set forth in Section 5(a).

Examples of Involuntary Transferee in a sentence

The Transferor and the Involuntary Transferee shall each immediately give written notice to the Company describing the event giving rise to the Involuntary Transfer; the date on which the event occurred; the reason or reasons for the Involuntary Transfer; the name, address, and capacity of the Involuntary Transferee; and the Percentage Interest involved (a “Notice of Involuntary Transfer”).
Upon the receipt of such notice, the Company shall have the exclusive right, but not the obligation, within sixty (60) days to elect to purchase, and the Involuntary Transferee shall have the obligation to sell, all (but not less than all) of the Interest acquired by the Involuntary Transferee to the Company.
Unless and until the Involuntary Transferee is admitted as a member by majority consent32 (determined by excluding the Transferor’s Percentage Interest), the Percentage Interest held by the Involuntary Transferee shall have no voting rights.
In the event that the Company and/or the Non-Transferring Members do not purchase all of the Units subject to the Involuntary Transfer in accordance with this Section 8.4, the Involuntary Transferee shall be admitted as a Substituted Member if the conditions set forth in Section 8.1(c) are satisfied.
Unless and until the Involuntary Transferee is admitted as a member, the determination of majority consent for all purposes shall be made by excluding the Percentage Interest held by the Involuntary Transferee.

More Definitions of Involuntary Transferee

Involuntary Transferee has the meaning set forth in Section 3.2(a).

Involuntary Transferee means any Person to the extent such Person has acquired or will acquire any right, title or interest in or to any Membership Interest (or portion thereof) as a result of or in connection with an Involuntary Transfer, unless and until such Person is admitted as a Member in accordance with this Agreement with respect to and to the extent of such Membership Interest.

Involuntary Transferee shall have the meaning set forth in Section 2.8.

Involuntary Transferee shall have the meaning set forth in Section 3.2.

Involuntary Transferee shall have a corresponding meaning.

Involuntary Transferee is defined in Section 15.5.

Involuntary Transferee has the meaning set forth in Section 13.6 of this Agreement.