Examples of Prohibited Transferee in a sentence
Buyer is not a Prohibited Transferee as that term is defined in the IRA.
Any vote cast by a Prohibited Transferee prior to the discovery by the Corporation that the shares of Common Stock have been transferred to the Trustee will be rescinded as void ab initio and shall be recast in accordance with the desires of the Trustee acting for the benefit of the Charitable Beneficiary.
Purchaser’s license to the Core Art shall automatically terminate and all rights shall revert to Nfinita if at any time: (i) Purchaser breaches any portion of this Agreement or (ii) Purchaser engages in any unlawful activity related to an OnChainMonkey (including transferring an OnChainMonkey to a Prohibited Transferee).
The term “Trustee” shall mean the Person unaffiliated with either the Corporation or the Prohibited Transferee that is appointed by the Corporation to serve as trustee of the Trust.
During such time that a Member is a Prohibited Owner or Prohibited Transferee (as defined below), the use, voting (if any) and other rights attached to the Club Points owned by the Prohibited Owner shall be held by the Responsible Entity.