Purported Transferee definition

Purported Transferee means the purported transferee of a Prohibited Transfer.

Purported Transferee means, with respect to any purported Transfer which results in a violation of subparagraph B(4)(b) of this Article IV, the purported beneficial transferee or owner for whom the Purported Record Transferee would have acquired or owned shares of Common Stock, if such Transfer had been valid under such subparagraph.

Purported Transferee means, with respect to any purported Transfer which results in Excess Stock, the purported beneficial transferee for whom the shares of Regular Capital Stock would have been acquired if such Transfer had been valid under Item (ii) of this Subsection (d) of this Section 2 of this Article III.

Examples of Purported Transferee in a sentence

• The Purported Transferee of Excess Securities shall have no claim, cause of action or any other recourse whatsoever against any transferor of Excess Securities.

• No officer, director, employee or agent of the Corporation shall record any Prohibited Transfer, and a Purported Transferee shall not be recognized as a shareholder of the Corporation for any purpose whatsoever in respect of Excess Securities.

• The recourse of any Purported Transferee in respect of any Prohibited Transfer shall be limited to the amount payable to the Purported Transferee pursuant to clause (y) of the preceding sentence.

• If the Purported Transferee fails to surrender the Excess Securities or the proceeds of a sale thereof to the Agent within thirty days from the date on which the Corporation makes a written demand, then the Corporation may promptly take all cost effective actions which it believes are appropriate to enforce the provisions hereof, including, without limitation, the institution of legal proceedings to compel the surrender.

• The Purported Transferee will not be entitled to designate a Permitted Transferee.

More Definitions of Purported Transferee

Purported Transferee has the meaning set forth in Section 4.9(d).

Purported Transferee means, with respect to any Prohibited Transfer, the intended transferee in such Prohibited Transfer.

Purported Transferee means, with respect to any purported Transfer which results in Excess Securities, the purported transferee who would have acquired shares of Capital Stock, if such Transfer had been valid under Section 11.2 of this Article XI.

Purported Transferee means a Person or Public Group who acquires Ownership of Excess Stock in a Prohibited Transfer or, except as otherwise provided in the Restrictions, any subsequent transferee of such Excess Stock.

Purported Transferee has the meaning set forth in Article 13.D.

Purported Transferee means any purported transferee of a Prohibited Transfer.

Purported Transferee has the meaning set forth in Part IV of this Article XIV.