Non-Permitted Transferee definition

Non-Permitted Transferee. A Person other than a Permitted Transferee.
Non-Permitted Transferee. As defined in Section 8.12(e).
Non-Permitted Transferee. A Person other than a Permitted Transferee. Non-U.S. Person: A person that is not a U.S. Person.

Examples of Non-Permitted Transferee in a sentence

  • Pending such sale, the Issuer will be entitled to cease to make any payments in respect of Instruments held by a Non-Permitted Transferee or a Benefit Plan Investor.The foregoing restrictions on the offer, sale, pledge or other transfer of Instruments to a Non-Permitted Transferee or Benefit Plan Investor may adversely affect the ability of an investor in the Instruments to dispose of the Instruments in the secondary market, if any, and significantly reduce the liquidity of the Instruments.

  • Any transfer of Securities to a Non-Permitted Transferee will be void ab initio and of no legal effect whatsoever.

  • Any transfer or other disposition of any legal or beneficial ownership interest in an Instrument to a Non-Permitted Transferee or Benefit Plan Investor shall be deemed to be void ab initio and of no legal effect.

  • Issue Date: 26 October 2021 Void Transfer and Forced Transfer:Any transfer or other disposition of any legal or beneficial ownership interest in an Instrument to a Non-Permitted Transferee or Benefit Plan Investor shall be deemed to be void ab initio and of no legal effect.

  • Pending such sale, the Issuer shall be entitled to cease to make any payments in respect of Instruments held by a Non-Permitted Transferee or a Benefit Plan Investor.


More Definitions of Non-Permitted Transferee

Non-Permitted Transferee means any Person (i) that engages or participates in a business that competes with the SPE Shareholders and/or their Affiliates, including for the avoidance of doubt a motion picture studio, television broadcaster (regional, national or international), cable/satellite distributor or operator, music company or electronics (including video game, mobile phone and other hand-held electronic communication and/or data processing devices) company, (ii) that would cause any legal impediment for the Company or the business of the SPE Shareholders and/or their Affiliates, (iii) that is engaged in any illegal activity or has been convicted or indicted for any illegal activity or against whom criminal proceedings have been initiated, (iv) that is affiliated with a Governmental Authority or with a senior Governmental Official, (v) whose name appears on any list maintained by national or international bodies or agencies for purposes of enforcing anti-money laundering, anti-terrorist or other similar regulations, (vi) whose equity interest in the Company could result in adverse regulatory consequences for the Company, the SPE Shareholders and/or their Affiliates, or (vii) whose admission as a Shareholder hereunder would have a detrimental impact on the Company’s, the SPE Shareholders’ and/or their Affiliates’ public image, in each case as determined by the SPE Shareholders, in their sole and absolute discretion.
Non-Permitted Transferee. A Person other than a Permitted Transferee. Non-U.S. Person: A person that is not a U.S. Person. Nonrecoverable P&I Advance: Any P&I Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment (taking into account Accepted Servicing Practices) of the Servicer, the Master Servicer, as successor servicer, or any successor master servicer including the Trustee, as applicable, will not or, in the case of a proposed P&I Advance, would not be ultimately recoverable from related Late Collections on such Mortgage Loan or REO Property as provided herein.
Non-Permitted Transferee means a person that is not a Permitted Transferee. Transfers of Products within the United States or to any person other than a Permitted Transferee are prohibited. Accordingly, any purported transferee of any legal or beneficial ownership interest in a Product in such a transaction will not be entitled to any rights as a legal or beneficial owner of such interest in such Product. The Issuer shall have the right at any time after becoming aware that any legal or beneficial ownership interest in a Product is held by a person other than a Permitted Transferee to require such Non-Permitted Transferee to sell such interest to (i) the Issuer (to the extent permitted by applicable law); or (ii) a person who is a Permitted Transferee. The Products have not been approved or disapproved by the United States Securities and Exchange Commission (the "SEC") or any other regulatory agency in the United States, nor has the SEC or any other regulatory agency in the United States passed upon the accuracy or adequacy of this document or the merits of the Products. Any representation to the contrary is a criminal offence. Furthermore, the Products do not constitute, and have not been marketed as, contracts for the sale of a commodity for future delivery (or options thereon) subject to the CEA and neither trading in the Products nor this document has been approved by the CFTC under the CEA, and no person other than a Permitted Transferee may at any time trade or maintain a position in the Products. European Economic Area Unless the Final Terms in respect of any Products specifies "Prohibition of sales to EEA and UK Retail Investors" as "Not Applicable", each Dealer has represented and agreed, and each furtherDealer appointed under the Programme will be required to represent and agree, that it has not offered, sold or otherwise made available and will not offer, sell or otherwise make available any Products which are the subject of the offering contemplated by this Base Prospectus as completed by the Final Terms in relation thereto to any retail investor in any Member State of the European Economic Area and the United Kingdom (each a Relevant State). For the purposes of this provision:
Non-Permitted Transferee. A Person other than a Permitted Transferee. Nonrecoverable P&I Advance: Any P&I Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Servicer, will not or, in the case of a proposed P&I Advance, would not be ultimately recoverable from related Late Collections on such Mortgage Loan or REO Property as provided herein. Nonrecoverable Servicing Advance: Any Servicing Advances previously made or proposed to be made in respect of a Mortgage Loan or REO Property, which, in accordance with Accepted Servicing Practices, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections. Non U.S. Person: A person that is not a U.S. Person. Notice of Final Distribution: The notice to be provided pursuant to Section 9.02 to the effect that final distribution on any of the Certificates shall be made only upon presentation and surrender thereof.
Non-Permitted Transferee. Any Person that is a specialized commercial finance company, “registered investment company” (for purposes of the 40 Act), “business development company” (for purposes of the 40 Act) or hedge fund engaged in providing loans to small to medium sized businesses.
Non-Permitted Transferee. As defined in Section 8.12(e) of the Trust Agreement.
Non-Permitted Transferee means a person that is not a Permitted Transferee. Notwithstanding any other provision of these Conditions, the Issuer shall have the right, at any time after becoming aware that any legal or beneficial ownership interest in this Product is held or purported to be held by a Non-Permitted Transferee, to require such Non-Permitted Transferee to sell such interest to a person who is not a Non-Permitted Transferee at a price equal to the lesser of (i) the purchase price paid for such interest by such Non-Permitted Transferee, (ii) the principal amount of such interest and (iii) the fair market value of such interest, less any costs or expenses incurred by or on behalf of the Issuer in connection with such sale, all as determined by the Issuer in its sole and absolute discretion.FORM OF FINAL TERMS Derivative and Structured Product Programme [Product Name][Series No. [ ]] These Final Terms shall form an integral part of the Programme dated [ ], 2020of Helvetische Bank AGZurich, Switzerland (as "Issuer" and "Lead-Manager")] Terms, words and expressions defined in the Base Prospectus shall bear the same meaning in these Final Terms (the "Final Terms"). This Product (the "Product") will be issued on the terms of these Final Terms to be read together with the Base Prospectus. A copy of the Base Prospectus is available free of charge from the registered office of the Issuer. The Final Terms do not constitute, and may not be used for the purpose of, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation, and no action is being taken to permit an offering of the Product or the distribution of these Final Terms in any jurisdiction where such action is required. The Products, or interests therein, may not at any time be offered or distributed unless compliant with the applicable Selling Restrictions (see "Subscription and Sale" in the Base Prospectus as well as the Final Terms). [The Products do not constitute a collective investment scheme as defined in the Federal Collective Investment Schemes Act ("CISA") and are therefore neither governed by the CISA nor subject to supervision by the Swiss Financial Market Supervisory Authority (FINMA). Accordingly, Holders of the Product do not have the benefit of the specific investor protection provided under the CISA. Holders of the Product bear the issuer risk.] or, for AMCs [Actively Managed Certific...