Purported Transferee definition

Purported Transferee means the purported transferee of a Prohibited Transfer.

Purported Transferee means, with respect to any purported Transfer which results in a violation of subparagraph B(4)(b) of this Article IV, the purported beneficial transferee or owner for whom the Purported Record Transferee would have acquired or owned shares of Common Stock, if such Transfer had been valid under such subparagraph.

Purported Transferee means, with respect to any purported Transfer which results in Excess Stock, the purported beneficial transferee for whom the shares of Regular Capital Stock would have been acquired if such Transfer had been valid under Item (ii) of this Subsection (d) of this Section 2 of this Article III.

Examples of Purported Transferee in a sentence

• Prior to any transfer of any interest in the Trust, the Purported Transferee must give advance notice to the Corporation of the intended transfer and the Corporation must have waived in writing its purchase rights under Section 11(j) herein.

• If any of the foregoing restrictions or transfer of Excess Securities are determined to be void, invalid or unenforceable by any court of competent jurisdiction, then the Purported Transferee may be deemed, at the option of the Company, to have acted as an agent of the Corporation in acquiring such Excess Securities and to hold such Excess Securities on behalf of the Corporation.

• Notwithstanding the foregoing, if a Purported Transferee receives a price for designating a Beneficiary of an interest in the Trust that exceeds the amounts allowable under this Section 11(i), such Purported Transferee shall pay, or cause such Beneficiary to pay, such excess to the Corporation.

• The Purported Transferee shall have no rights in any Excess Securities except the right to designate a transferee of such Excess Securities upon the terms specified in Section 11(i) herein.

More Definitions of Purported Transferee

Purported Transferee has the meaning set forth in Section 4.9(d).

Purported Transferee means, with respect to any Prohibited Transfer, the intended transferee in such Prohibited Transfer.

Purported Transferee means, with respect to any purported Transfer which results in Excess Securities, the purported transferee who would have acquired shares of Capital Stock, if such Transfer had been valid under Section 2 of this Article XI.

Purported Transferee means a Person or Public Group who acquires Ownership of Excess Stock in a Prohibited Transfer or, except as otherwise provided in the Restrictions, any subsequent transferee of such Excess Stock.

Purported Transferee has the meaning set forth in Article 13.D.

Purported Transferee means any purported transferee of a Prohibited Transfer.

Purported Transferee means, with respect to any purported Transfer which results in Excess Securities, the purported transferee who would have acquired shares of Series A Preferred Stock, if such Transfer had been valid under Section 11(b) herein.