Potential Transferee definition

Potential Transferee has the meaning given such term in Section 5.2(b).

Potential Transferee means any corporation or entity with which an applicant has engaged in discussions, or from which an applicant has received a written proposal, concerning a possible agreement or transaction for which written notice is required by section 999.5(a)(1) of these regulations if such discussions or written proposal occurred within the twelve (12) months preceding the decision to transfer assets or control to a transferee.

Potential Transferee has the meaning set forth in Section 19(d).

Examples of Potential Transferee in a sentence

• If the Transferring Party has not concluded a Transfer of, or agreed in writing to Transfer, such Sale Assets to any Person within 180 days after the end of the First Offer Negotiation Period, the Transferring Party shall not thereafter Transfer any of the Sale Assets without first offering such assets to the applicable Potential Transferee in accordance with this Section 3.

• The Transferring Party then shall be obligated to negotiate in good faith for a 30-day period following the delivery by the Transferring Party of the Transfer Notice (the "First Offer Negotiation Period") to reach an agreement for the Transfer or Re-Charter of such Sale Assets to the Potential Transferee or any of its Affiliates.

• If the Potential Transferee indicates an interest in writing to the Transferring Party with respect to the Sale Assets, the Transferring Party will negotiate in good faith with the Potential Transferee for a thirty (30) day period following the delivery of the Transfer Notice (the “First Offer Negotiation Period”) to reach an agreement for the Transfer of such Sale Assets to the Potential Transferee.

• The Transferring Party then shall be obligated to negotiate in good faith for a ten (10) day period following the delivery by the Transferring Party of the Transfer Notice (the “First Offer Negotiation Period”) to reach an agreement for the Transfer or Re-Charter of such Sale Assets to the Potential Transferee or any of its Affiliates on the terms and conditions set forth in the Transfer Notice.

• If no such agreement with respect to the Sale Assets is concluded during the First Offer Negotiation Period, the Transferring Party may Transfer the Sale Assets to (or agree in writing to undertake such a transaction with) any Person within 180 days after the end of the First Offer Negotiation Period on terms generally no less favorable to the Transferring Party than those last proposed by the Potential Transferee to Transferring Party.

More Definitions of Potential Transferee

Potential Transferee a Permitted Transferee with whom the Lender (alone or through the Facility Agent) may hold negotiations for the transfer of the rights and obligations in the Credit thereto;

Potential Transferee has the meaning given such term in Section 4.2(a). “Sale Assets” has the meaning given such term in Section 4.2(a).

Potential Transferee has the meaning ascribed to such term in Section 3.4. “Restricted Business” has the meaning ascribed to such term in Section 2.1. “Sale Assets” has the meaning ascribed to such term in Section 3.4.

Potential Transferee has the meaning given such term in Section 5.2(b). “RigCos” has the meaning given such term in the preamble to this Agreement.

Potential Transferee has the meaning set forth in Section 9.04.

Potential Transferee. - means a transferee with whom the Bank is negotiating and/or may negotiate to transfer rights and obligations in the credit.

Potential Transferee has the meaning set forth in Section 3.03(a)(ii).