Completion of a Transfer. No Transfer of a PSL, including any Permitted Transfer, will be complete or recognized by the Authority (or the PSL Agent) if the Licensee is in default of the terms of this License Agreement or until: (1) August 1, 2020; (2) the Licensee and the Licensee’s prospective transferee have applied to the PSL Agent for the Transfer of the PSL(s) on the form required by the PSL Agent; (3) the Licensee or the Licensee’s prospective transferee has paid to the PSL Agent the applicable transfer fee established by the PSL Agent, provided that, for the first five (5) years during which Team Games are played at the Stadium, the transfer fee shall not exceed $150.00 per transferred PSL; (4) the Licensee has performed all obligations (including, but not limited to, payment obligations) under the PSL(s) that have previously accrued, unless the PSL Agent has permitted the assignment of all such Licensee obligations to the transferee; and
Completion of a Transfer. Notwithstanding anything to the contrary herein, no Transfer will be complete or recognized by Grantor if Member is in default of the terms of this Membership Agreement (including if Member is in default of Member’s payment obligations hereunder, unless Grantor permits the assignment of any accrued but unpaid obligations to the Transferee) nor until (x) Member’s prospective Transferee has applied to Grantor for the Transfer of the Membership(s) on the form required by Grantor; (y) Member’s prospective Transferee has paid to Grantor or its designee the applicable transfer fee established by Grantor, provided that, the transfer fee shall not exceed 5% of the Membership Amount per transferred Membership; and (z) Grantor has recorded the Transfer of the Memberships(s) on the records maintained by Grantor for those purposes. The form of application required by Grantor will contain the prospective Transferee’s agreement to assume and perform the obligations of Transferor under this Membership Agreement accruing on and after the date of the Transfer. Only a Permitted Transfer of the Membership(s) will release Transferor from Transferor’s obligations under this Membership Agreement unless Grantor expressly releases Transferor in writing. Once Transferor completes the Transfer of its Membership(s) in accordance with this Membership Agreement, Transferor will no longer have any rights, and Grantor will have no further obligation or liability to Member with respect to the Membership(s), or under this Membership Agreement, except as set forth in Section 4(d)(i)(3) of this Exhibit C.
Completion of a Transfer. If no Pre-emption Right is validly exercised with respect to a Transfer pursuant to Section 12.1 (for the avoidance of doubt, should one or several Pre-emption Rights be validly exercised, Section 12.1(h) shall apply), such Transfer of Securities shall be validly completed provided that:
Completion of a Transfer. A Transfer of a PSL, including any Related Party Transfer, will be effective and recognized by StadCo and the GWCCA only if Licensee is not in default of the terms of this License Agreement and the following actions have occurred:
Completion of a Transfer. (i) in respect of a Transfer to a Proposed Buyer under Section 9.5, must take place within 180 Days after the expiry of the last Option Period; and
Completion of a Transfer. No Transfer of any PSL, including any Permitted Transfer, will be complete or recognized by StadCo and the GWCCA if Licensee is in default of the terms of this License Agreement nor until: (1) Licensee and Licensee’s prospective transferee have applied to StadCo for the Transfer of the PSL(s) on the form required by StadCo; (2) Licensee or Licensee’s prospective transferee has paid to StadCo the applicable transfer fee established by StadCo, provided that, for the first five years of the Stadium the transfer fee shall not exceed $100.00 per transferred PSL; (3) Licensee has performed all obligations (including, but not limited to, payment obligations) under the PSL(s) that have previously accrued, unless StadCo has permitted the assignment of all such Licensee obligations to the transferee; and (4) StadCo has recorded the Transfer of the PSL(s) on the records maintained by StadCo for those purposes. The form of application required by StadCo will contain the prospective transferee’s agreement to assume and perform the obligations of Licensee under this License Agreement accruing on and after the date of the Transfer. No Transfer (including a Permitted Transfer) of the PSL(s) will release Licensee from Licensee’s obligations under this License Agreement unless StadCo expressly releases Licensee in writing, which release will not be unreasonably withheld. Once Licensee completes the Transfer of its PSL(s), Licensee will no longer have any rights under this License Agreement.
