Common use of Qualified Transferee Clause in Contracts

Qualified Transferee. Any Transfer of a Membership Interest shall be made only to a single Qualified Transferee; provided, however, that, for such purposes, all Qualified Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its Affiliates, shall be considered together to be a single Qualified Transferee; provided, further, that each Transfer meeting the minimum Transfer restriction of Section 11.2(a)(iv) hereof may be to a separate Qualified Transferee.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Five Point Holdings, LLC)

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Qualified Transferee. Any Transfer of a Membership Part- nership Interest shall be made only to a single Qualified Transferee; provided, however, that, for such purposes, all Qualified Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its Affiliates, shall be considered together to be a single Qualified Transferee; provided, further, that each Transfer meeting the minimum Transfer restriction of Section 11.2(a)(iv11.3.A(3) hereof may be to a separate Qualified Transferee.

Appears in 1 contract

Samples: Limited Partnership Agreement (Apartment Investment & Management Co)

Qualified Transferee. Any Transfer of a Membership Interest shall be made only to a single Qualified Transferee; provided, however, that, (A) for such purposes, all Qualified Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its Affiliates, shall be considered together to be a single Qualified Transferee; provided, further, that (B) each Transfer meeting the minimum Transfer restriction of Section 11.2(a)(iv) hereof may be to a separate Qualified Transferee; and (C) each Permitted Transfer may be made to one or more Qualified Transferees.

Appears in 1 contract

Samples: Operating Agreement (Five Point Holdings, LLC)

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Qualified Transferee. Any Transfer of a Membership Interest shall be made only to a single Qualified Transferee; provided, however, that, for such purposes, all Qualified Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its Affiliates, shall be considered together to be a single Qualified Transferee; provided, further, that each Transfer meeting the minimum Transfer restriction of this Section 11.2(a)(iv) hereof may be to a separate Qualified Transferee.

Appears in 1 contract

Samples: Investment Agreement (Easterly Acquisition Corp.)

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