Examples of Qualified Sale Transaction in a sentence
Notwithstanding anything in this Agreement to the contrary (but without limiting the restrictions on transfer contained in ARTICLE IV), the MD Stockholders may assign or transfer their rights under this Agreement solely in connection with, and subject to the consummation of, a Qualified Sale Transaction.
For the avoidance of doubt, nothing contained in this Agreement shall be deemed to constitute consent to a Qualified Sale Transaction.
Notwithstanding anything in this Section 10.4 to the contrary, (i) there shall be no liability on the part of the Managing Member or any other Person to any Member if any sale, redemption or Exchange of Units pursuant to this Section 10.4 is not consummated due to a failure of a Qualified Sale Transaction or Change in Control of HLI to occur.
The MCASD reserves the right to increase or decrease each and all of these quantities.
If the Company sells one or more product lines, divisions and/or subsidiaries, but does not enter into a Qualified Sale Transaction, by May 4, 1999, the Compensation Committee has agreed to review whether any partial payment of the bonus in paragraph 3 was earned.