Common use of Transfer of Voting Stock Clause in Contracts

Transfer of Voting Stock. The County's prior written consent, which may be withheld or delayed in 1730 its sole and absolute discretion, shall be required for the sale or transfer by any means, whether 1731 by agreement or by operation of law (including transfers resulting from death, bankruptcy or 1732 divorce), of any of the voting stock of the Contractor. Notwithstanding any provision herein to the 1733 contrary, a transfer of voting stock from (i) Contractor to an Affiliate who is an Affiliate on the date 1734 of execution of this Agreement, (ii) between Contractor or members of their immediate family, (iii) 1735 between members of the same immediate family, or (iv) to a trust, testamentary or otherwise 1736 does not require the prior written consent of the County and is not subject to any requirement 1737 herein for submittal of information, reimbursement of costs or the transfer fee.

Appears in 4 contracts

Samples: Solid Waste Franchise Agreement, Solid Waste Franchise Agreement, Solid Waste Franchise Agreement

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