Indirect Transfer Restriction. No Executive will, without the prior written consent of the Commandité: (i) in the case of any Executive that is (x) a Permitted Transferee of the Executive, and (y) not a natural Person, permit the issuance of additional interests in itself or any of its Affiliates; and (ii) make any transfer of any indirect interest in any Executive Securities which, if made by the direct holder of such Investor Securities, would not be permitted by the terms of this Agreement.
Appears in 3 contracts
Samples: Executive Subscription and Securityholder’s Agreement, Executive Subscription and Securityholder’s Agreement (Styron Canada ULC), Executive Subscription and Securityholder’s Agreement (Trinseo S.A.)
Indirect Transfer Restriction. No Executive Securityholder will, without the prior written consent of the Commandité: (i) in the case of any Executive Securityholder that is (x) a Permitted Transferee of the Executive, and (y) not a natural Person, permit the issuance of additional interests in itself or any of its Affiliates; and (ii) make any transfer of any indirect interest in any Executive Securities which, if made by the direct holder of such Investor Executive Securities, would not be permitted by the terms of this Agreement.
Appears in 2 contracts
Samples: Executive Subscription and Securityholder’s Agreement (Styron Canada ULC), Executive Subscription and Securityholder’s Agreement (Trinseo S.A.)
Indirect Transfer Restriction. No Executive Securityholder will, without the prior written consent of the Commandité: (i) in the case of any Executive Securityholder that is (x) a Permitted Transferee of the Executive, and (y) not a natural Person, permit the issuance of additional interests in itself or any of its Affiliates; and (ii) make any transfer of any indirect interest in any Executive Securities which, if made by the direct holder of such Investor Executive Securities, would not be permitted by the terms of this Agreement.
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