Permitted Assignee definition

Permitted Assignee means any Person who, if it were the Collateral Interest Holder or a holder of an interest in the Trust, as applicable, would not cause the Trust to be taxable as a publicly traded partnership for federal income tax purposes.

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Permitted Assignee means (a) with respect to a partnership, its partners or former partners in accordance with their partnership interests, (b) with respect to a corporation, its stockholders in accordance with their interest in the corporation, (c) with respect to a limited liability company, its members or former members in accordance with their interest in the limited liability company, (d) with respect to an individual party, any Family Member of such party, (e) an entity that is controlled by, controls, or is under common control with a transferor, or (f) a party to this Agreement.

Permitted Assignee has the meaning set forth in Section 3.06.

Examples of Permitted Assignee in a sentence

Any attempted or purported transfer, assignment, exchange, conveyance, pledge, hypothecation or grant other than to a Permitted Assignee shall be void.
Any attempt by Purchaser to assign this Agreement to a Permitted Assignee not in compliance with the foregoing provisions of this Section 19.4 shall be deemed invalid, null and void and Seller shall have no legal obligation to recognize same.
This Agreement shall terminate with respect to each Holder on the earlier of: (i) the date that is three (3) years from the SEC Effective Date and (ii) the date on which all Registrable Securities held by such Holder have been transferred other than to a Permitted Assignee (the “Term”).
This Agreement and the rights, interests and obligations hereunder are not transferable or assignable by the Purchasers, other than an assignment of the rights, interests and obligations hereunder in connection with any transfer of the Securities by a Purchaser to a Permitted Assignee (as such term is defined in the Registration Rights Agreement).

More Definitions of Permitted Assignee

Permitted Assignee means (a) a Lender or any of its Affiliates or (b) any Person managed by a Lender or any of its Affiliates.

Permitted Assignee means any Person who, if it purchases Trust Assets (or interests therein) in connection with a sale thereof pursuant to Section 5.05, will not cause the Issuer to be taxable as a publicly traded partnership for United States federal income tax purposes.

Permitted Assignee shall have the meaning set forth in Section 9.6.

Permitted Assignee means any Person who receives rights under this Agreement pursuant to a Permitted Assignment.

Permitted Assignee means any Person who, if it were to purchase Loans in connection with a sale under Sections 5.05 and 5.17 of the Indenture, would not cause the Issuer to be taxable as a publicly traded partnership for federal income tax purposes.

Permitted Assignee has the meaning set forth in Section 8.7.

Permitted Assignee means a Person or an Affiliate of a Person meeting one or more of the following standards: