Transferring Holder definition
Examples of Transferring Holder in a sentence
In addition to such rights and remedies as the Company and each non-transferring Holder (each a “Non-Transferring Holder”) may have against the Transferring Holder, the Transferring Holder and the purported transferee will take all action required to void such Transfer.
Upon admission of a transferee as a Substituted Holder, the Transferring Holder of the Units so held by the Substituted Holder shall cease to be a Holder of the Company to the extent of such Transferred Units.
The Tag-Along Transferring Holder and Tag-Along Exercising Holders shall each be responsible for their own costs and expenses to the extent incurred in connection with a Tag-Along Transfer.
A Transferring Holder shall pay and reimburse the Company for all reasonable, documented out-of-pocket expenses incurred by the Company in connection with a Transfer of such ▇▇▇▇▇▇’s Units, including any attorney’s fees of the Company and any Transfer costs imposed in connection therewith.
If any Units are Transferred, or any Person is otherwise admitted as a Holder of the Company, during any Fiscal Year or period in compliance with the provisions of this Article XI, all distributions on or before the effective date of such Transfer shall be made to the Transferring Holder and all distributions thereafter shall be made to the transferee.