Transferee Interest definition

Transferee Interest means a Partnership Interest transferred to a third Person in a Non-Restricted Transfer or as the result of Restricted Transfer effected in compliance with Article VIII hereof.
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Transferee Interest means a Company Interest of a Transferee.
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Examples of Transferee Interest in a sentence

  • An Affiliate will possess such authority on such Affiliate’s Affiliate Interest Date and a Party Transferee will possess such authority on such Party Transferee’s Party Transferee Interest Date.

  • The Person acquiring the Transferee Interest so transferred, if not already a Partner, shall be admitted as a Partner and shall have the same capital account and membership on the Partnership Committee as the transferor Partner, and shall have all the rights and all of the obligations of a Partner hereunder.

  • Such funds shall not become the property of or be released to Company unless and until Company has sold the minimum of $4,000,000 worth of shares of common stock and held its first closing.

  • Notwithstanding anything to the contrary contained in this Section 6.7.3, no transfer of a Transferee Interest to an Affiliate may take place without the consent of the other Member if such transfer would result in the termination of the Company within the meaning of Section 708 of the Code.