Transferrable Assets definition

Transferrable Assets means the assets of the Company which the WFOE shall be entitled to request the Company to transfer to it or its designated entity or individual upon exercise of its Asset Purchase Option and in accordance with Section 3 of this Agreement. The Transferrable Assets can be either the whole or a part of the Company Assets, which will be specifically determined by the WFOE at its sole discretion in light of the then PRC Laws and its own business considerations.

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Transferrable Assets means all Assets except for those Assets described in subsection (a), (b), and (d) of the definition of “Assets” that are not owned or operated by a Sub-Contractor exclusively for the purposes of the Project. The exception in the preceding sentence shall only

Transferrable Assets means those assets which will enable the Government or a successor licensee to carry out the licensed activities and which are capable of transfer;

Examples of Transferrable Assets in a sentence

• The WFOE and/or other entity or individual designated by it shall pay the Transfer Price regarding the Transferrable Assets acquired during each Exercise of Option to the Company.

• The Company shall transfer to the WFOE and/or other entity or individual designated by it such Transferrable Assets as requested by the WFOE.

• Upon receipt of an Exercise Notice, the Existing Shareholders or the Company shall, based on the Exercise Notice and in the way prescribed in Section 3.4 (applicable to the Equity Transfer Option) or Section 3.6 (applicable to the Asset Purchase Option) of this Agreement, immediately transfer all the Target Equity Interests or the Transferrable Assets to the WFOE and/or other entity or individual designated by it in the number prescribed in the Exercise Notice on a one-off basis.

• The Company will use commercially reasonable efforts to negotiate in good faith with prospective counterparties who make bona fide offers with respect to the Potentially Transferrable Assets during the Disposition Period, consummate any Dispositions of the Potentially Transferrable Assets that are successfully negotiated during the Disposition Period and act in good faith with respect to any potential Disposition.

• During the Disposition Period, the Company may engage one or more consultants, investment banks and other advisors to assist with the marketing and sale of the Potentially Transferrable Assets and shall fund such expenses up to the amount of the BD CVR Holdback.

• For the avoidance of doubt, the Company shall have no obligation to undertake any marketing efforts with respect to the Potentially Transferrable Assets during the Disposition Period, nor shall the Company have any obligation to solicit competing bids or otherwise maximize the value of any Disposition.

• Unless approved by the Acting Holders, prior to end of the Disposition Period, the Company shall not, and shall not permit its Affiliates to, grant, assign, transfer or otherwise convey any Potentially Transferrable Assets (including any option to obtain rights) to any third party.

• Unless approved by the Special Committee, prior to end of the Disposition Period, the Company shall not, and shall not permit its Affiliates to, grant, assign, transfer or otherwise convey any Potentially Transferrable Assets (including any option to obtain rights) to any third party.

• For clarity, if the Potentially Transferrable Assets Dispositions are not completed prior to the Effective Time, the Potentially Transferrable Assets shall be retained by Alcobra.

• On and from the Transfer Date all risks except risks arising out of project agreements, if any, in relation to the transferred of the Transferrable Assets shall be deemed to have been transferred to and lie with the Authority.

More Definitions of Transferrable Assets

Transferrable Assets means the assets of the Company which Baozun shall be entitled to request, upon exercise of its Asset Purchase Option, the Company to transfer to it or its designated entity or individual in accordance with Section 3 hereof, being either the whole or part of the Company Assets, as may be determined by Baozun in its sole discretion in light of the PRC Laws then in effect and its own business considerations.

Transferrable Assets means the Project Site (s), shed, building including mechanical, electrical plumbing works, ETP along with any other immovable assets as constructed by the Concessionaire at the Project Site (s) given by the Authority as specified under the Clause 17.1.1 of this Agreement;

Transferrable Assets means those of the assets which will enable the Government or a replacement licensee to perform the designated services and which are capable of legal transfer to the replacement licensee;