Preferred Assignee definition

Preferred Assignee means any Person that is designated by the Borrower in writing and meets the requirements to be an assignee under Section 9.04(b)(v)(A) and (vi).
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Preferred Assignee means a permitted assignee of a Put Purchaser’s rights and obligations pursuant to Section 6.2 of the Purchase Agreement who is a holder of Preferred Stock prior to the Initial Closing.
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Examples of Preferred Assignee in a sentence

  • LB Preferred hereby unconditionally and irrevocably assigns, transfers, and conveys to LB Preferred Assignee, effective as of the Effective Date, without recourse, representation or warranty, except as set forth herein, LB Preferred’s right, title and interest in and to the Membership Interest owned by it (the “LB Preferred Membership Interest”) and the obligations of LB Preferred under the Operating Agreement.

  • LB Preferred Assignee agrees that it will not cause the removal of FNI as the Administrative Managing Member (as defined in the Operating Agreement) pursuant to the provisions of Section 5.6 of the Operating Agreement, and that it will not cause a change in the status of FNI pursuant to the provisions of Section 5.7 of the Operating Agreement.

  • LB Preferred Assignee hereby accepts the LB Preferred Membership Interest as of the Effective Date and assumes all covenants, conditions and obligations required to be kept, performed and fulfilled by LB Preferred with respect to the LB Preferred Membership Interest under the Operating Agreement and the Act, including specifically, without limitation, the obligation of LB Preferred to cure any and all defaults or events of default of LB Preferred under the Operating Agreement or the Act.