Subsequent Transferees definition

Subsequent Transferees means, with respect to any Partner, each Person that becomes a Substitute Partner of the Partnership by virtue of such Person’s receiving all or a portion of its Partnership Interest from such Partner or from such Partner’s Subsequent Transferees, in each case, in accordance with this Agreement.
View Source
Subsequent Transferees means, with respect to any Member, each Person that becomes a Substitute Member of the Company by virtue of such Person’s receiving all or a portion of its Units from such Member or from such Member’s Subsequent Transferees, in each case, in accordance with this Agreement.
View Source

Examples of Subsequent Transferees in a sentence

  • Effective as of the date the transfer of employment, Subsequent Transferees shall cease to accrue benefits under the Circuit City Retirement Plan and shall commence to accrue benefits under the CarMax Retirement Plan.

  • Effective as of the date the transfer of assets occurs, CarMax shall assume all liabilities and obligations with respect to benefits accrued by the Subsequent Transferees under the Circuit City Retirement Plan and shall indemnify and hold harmless Circuit City, its officers, directors, employees and agents and affiliates from and against any and all liabilities with respect to such benefits.

  • This Agreement shall inure to the benefit of and be binding upon the parties hereto, any Subsequent Transferees and their respective successors and permitted assigns.

  • SITC will remain responsible for and will pay any awards earned by such Subsequent Transferees under the SITC Annual Incentive Program through the Subsequent Transfer Date prior to the Subsequent Transfer Date.

  • All Subsequent Transferees will continue to participate in the SITC Annual Incentive Program, subject to its terms and conditions, up to the applicable Subsequent Transfer Date.

  • CURB Group Employees will cease participating in the SITC Commission Program effective as of the Distribution Date, and Subsequent Transferees will cease participating in the SITC Commission Program effective as of their Subsequent Transfer Date.

  • Any transferring Partner and its Subsequent Transferees agree to jointly and severally indemnify the Partnership for any “imputed underpayment” (within the meaning of Section 6225 of the Code) that is attributable to the transferring Partner in respect of each taxable year in which the transferring Partner held an interest in the Partnership.

  • SUCH SECURITIES MAY NOT BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION UNDER THE ACT OR AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT.” Notice of Transfer Restrictions to Subsequent Transferees.

  • On or prior to the 30th day after the receipt of such request, the General Partner shall advise the Depositary which of such Subsequent Transferees have been admitted as a Substituted Limited Partner.

  • The General Partner may, on behalf of and for the account of the Partnership, at such times and on such terms as the General Partner, in its sole and absolute discretion, deems to be in the best interests of the Partnership, the Limited Partners, Record Holders, Non-Consenting Investors and Subsequent Transferees, purchase or otherwise acquire Units or Depositary Units and, following any such purchase or acquisition, may sell or otherwise dispose of such Units and Depositary Units.

Related to Subsequent Transferees