Transferring Purchaser definition
Examples of Transferring Purchaser in a sentence
After a Transfer of any Purchaser Owned Shares in accordance with the foregoing sentence, in the event of any amendment to Section 9.1, 9.2, 9.3, 9.8 or 9.13 of this Agreement, such transferee shall be deemed the “Purchaser” in respect of the Purchaser Owned Shares subject to such Transfer in lieu of the Transferring Purchaser for purposes of Section 9.8.
After a Transfer of any Purchaser Owned Shares in accordance with the foregoing sentence, in the event of any amendment to Section 10.01, 10.02, 10.03, 10.08 or 10.13 of this Agreement, such transferee shall be deemed the “Purchaser” in respect of the Purchaser Owned Shares subject to such Transfer in lieu of the Transferring Purchaser for purposes of Section 10.08.
A Transferring Purchaser shall provide such other information as is reasonably requested by the other Purchasers regarding a proposed Rights Transfer to assist the other Purchasers in determining whether to provide or withhold consent to a Rights Transfer.
As used herein, a “Transfer Notice” means a written notice delivered by a Transferring Purchaser to the Company and each other Purchaser pursuant to this Section 10.3 setting forth the identity of the proposed acquiror or recipient of a Rights Transfer and the material economic and other terms of the proposed Rights Transfer.
If a Purchaser (other than a member of the Bedford Oak Group) (the "Transferring Purchaser") proposes to Transfer any shares of Co-Sale Stock then the Transferring Purchaser shall promptly give written notice (the "Notice") simultaneously to Covalent Partners and the other Purchasers at least fifteen (15) days prior to the closing of such Transfer.
To the extent that the Other Holders have not elected to purchase all of the Restricted Securities being offered, the Transferring Purchaser may, within 90 days after a delivery of the Offer Notice, transfer such Restricted Securities to one or more third parties at a price no less than the price per share specified in the Reply Notice and on other terms no more favorable to the transferees than offered to the Other Holders.
If the Other Holders have elected to purchase all or any portion of the Restricted Securities from the Transferring Purchaser, the transfer of such shares shall be consummated as soon as practical after the delivery of the last Reply Notice, but in any event within 40 days after the delivery of either such notice.
Upon any assignment of any obligation to purchase Additional Singapore Dollar Notes in accordance with the terms and conditions contained herein, the obligation of the Transferring Purchaser to purchase Additional Singapore Dollar Notes pursuant to Section 1(b)(iii) shall be correspondingly reduced.
To exercise its Right of First Refusal under this Section 9, a Purchaser must deliver a Purchaser Notice to the selling Transferring Purchaser within fifteen (15) days after delivery of the Proposed Transfer Notice.
Subject to the terms of Section 9(f) below, each Transferring Purchaser hereby unconditionally and irrevocably grants to the Company a Secondary Refusal Right to purchase all or any portion of the Transfer Stock not purchased by the Purchasers pursuant to the Right of First Refusal, as provided in this Section 9(d).