Passing Interest definition

Passing Interest has the meaning ascribed to such term in Section 3.9(a).
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Passing Interest has the meaning set forth in Section 3.8(a).
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Examples of Passing Interest in a sentence

  • If the Transfer of such portion of such Passing Interest is in connection with an Indirect Transfer, after giving effect to such Indirect Transfer (but prior to giving effect to any future Indirect Transfer or Transfer), the holders of such portion of such Passing Interest will be considered for all purposes hereunder an Indirect Permitted Transferee with respect to such Passing Interest.

  • A “Voting Agreement” is an agreement between the Passing Holder and the Surviving Party, whereby voting control of the Passing Interest is held by the Surviving Party.

  • If the Transfer of such portion of such Passing Interest is in connection with a direct Transfer after giving effect to such direct Transfer (but prior to giving effect to any future Indirect Transfer or Transfer), such Transfer will be considered a Permitted Transfer for all purposes hereunder and the holders of such portion of such Passing Interest will be considered for all purposes hereunder a Permitted Transferee with respect to such Passing Interest.

  • If the Transfer of such portion of such Passing Interest is in connection with a direct Transfer, subject to compliance with Section 3.4, after giving effect to such direct Transfer (but prior to giving effect to any future Indirect Transfer or Transfer), such Transfer will be considered a Permitted Transfer for all purposes hereunder and the holders of such portion of such Passing Interest will be considered for all purposes hereunder a Permitted Transferee with respect to such Passing Interest.

  • A “Voting Agreement” is an agreement between the Passing Holder and the Surviving Party, whereby voting control of the Passing Interest is held by such Surviving Party.

  • Within 60 days after receipt of the Passing Interest Notice by the Company, the Board shall determine or cause to be determined the Fair Market Value of the Passing Share Interest for purposes of determining the Purchase Price and deliver written notice thereof to the Surviving Holder, the estate of the Deceased Spouse and the heirs and legatees identified in the Passing Interest Notice (“Deceased FMV Notice”).