Examples of Permitted Transferee in a sentence
If Seller provides NYSERDA with written notice of its intent to effectuate a Change of Control setting forth a description of the transferee describing how it fits within the definition of Permitted Transferee and NYSERDA does not respond within fifteen (15) Business Days, NYSERDA shall be deemed to have confirmed that the proposed Change of Control does not require NYSERDA’s consent.
Notwithstanding Section 8.01, NYSERDA’s consent shall not be required for any Change of Control that constitutes a disposition to a Permitted Transferee.
Except as expressly provided in this Agreement, the rights and obligations of the Holders under this Agreement shall not be assignable by any Holder to any Person that is not a Holder without the written consent of the Company; provided, however, that such rights and obligations may be assigned by a Holder to a Permitted Transferee of such Xxxxxx’s Registrable Securities; provided, that such transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of this Agreement.
The Controlling Shareholder undertakes not to Transfer Control of the Company to any Third-Party (excluding a Permitted Transferee or via a Qualified Public Offering), without Investor Consent, during the Lock-Up Period.
If a Transfer to a Permitted Transferee is completed other than in accordance with this Section 9.3, then all Shares then held by such Permitted Transferee shall be Transferred back to the Transferring Shareholder or to another Permitted Transferee of the Transferring Shareholder and provided that such Transferee shall cease to hold any rights under this Agreement immediately at the time it ceases to be a Permitted Transferee.