Common use of Transfer to Permitted Transferees Clause in Contracts

Transfer to Permitted Transferees. (a) Subject to the limitation set forth in Section 2.1, any Stockholder may Transfer any or all of the Shares held by it to any Permitted Transferee of such Stockholder who duly executes and delivers an Assumption Agreement, provided that such Transfer shall not be effective unless and until the Company shall have been furnished with information reasonably satisfactory to it demonstrating that such Transfer is exempt from or not subject to the provisions of Section 5 of the Securities Act and any other applicable securities laws. (b) Each Permitted Transferee of any Stockholder to which Shares are transferred shall, and such Stockholder shall cause such Permitted Transferee to, transfer back to such Stockholder (or to another Permitted Transferee of such Stockholder) any Shares it owns prior to such Permitted Transferee ceasing to be a Permitted Transferee to such Stockholder. (c) This Section 2.2 shall not apply to the grant by X.X. Xxxxxx of a participation interest to one or more other investment funds managed by a controlled Affiliate of X.X. Xxxxxx Chase & Co. without change in record ownership.

Transfer to Permitted Transferees. (a) Subject to the limitation limitations set forth in Section 2.1, any Stockholder Shareholder may Transfer any or all of the Shares held by it to any Permitted Transferee of such Stockholder Shareholder who duly executes and delivers an Assumption Agreement, provided that such Transfer shall not be effective unless and until the Company shall have been furnished with information reasonably satisfactory to it demonstrating that such Transfer is exempt from or not subject to the provisions of Section 5 of the Securities Act and any other applicable securities laws. (b) Each Permitted Transferee of any Stockholder Shareholder to which Shares are transferred shall, and such Stockholder Shareholder shall cause such Permitted Transferee to, transfer back to such Stockholder Shareholder (or to another Permitted Transferee of such StockholderShareholder) any Shares it owns prior to such Permitted Transferee ceasing to be a Permitted Transferee to of such StockholderShareholder. (c) This Section 2.2 shall not apply to the grant by X.X. Xxxxxx of a participation interest to one or more other investment funds managed by a controlled Affiliate of X.X. Xxxxxx Chase & Co. without change in record ownership.

Transfer to Permitted Transferees. (a) Subject to the limitation limitations set forth in Section 2.1, any Stockholder may Transfer any or all of the Shares held by it to any Permitted Transferee of such Stockholder who duly executes and delivers an Assumption Agreement, provided that such Transfer shall not be effective unless and until the Company shall have been furnished with information reasonably satisfactory to it demonstrating that such Transfer is exempt from or not subject to the provisions of Section 5 of the Securities Act and any other applicable securities laws. (b) Each Permitted Transferee of any Stockholder to which Shares are transferred shall, and such Stockholder shall cause such Permitted Transferee to, transfer back to such Stockholder (or to another Permitted Transferee of such Stockholder) any Shares it owns prior to such Permitted Transferee ceasing to be a Permitted Transferee to of such Stockholder. (c) This Section 2.2 shall not apply to the grant by X.X. Xxxxxx J.P. Morgan of a participation interest to one or more other investment funds managed investmenx xxxxx xxxaged by a controlled Affiliate of X.X. Xxxxxx J.P. Morgan Chase & Co. without change in record ownership.

Transfer to Permitted Transferees. (a) Subject to the limitation limitations set forth in Section 2.1, any Stockholder Shareholder may Transfer any or all of the Shares held by it to any Permitted Transferee of such Stockholder Shareholder who duly executes and delivers an Assumption Agreement, provided that such Transfer shall not be effective unless and until the Company shall have been furnished with information reasonably satisfactory to it demonstrating that such Transfer is exempt from or not subject to the provisions of Section 5 of the Securities Act and any other applicable securities laws. (b) Each Permitted Transferee of any Stockholder Shareholder to which Shares are transferred shall, and such Stockholder Shareholder shall cause such Permitted Transferee to, transfer back to such Stockholder Shareholder (or to another Permitted Transferee of such StockholderShareholder) any Shares it owns prior to such Permitted Transferee ceasing to be a Permitted Transferee to of such StockholderShareholder. (c) This Section 2.2 shall not apply to the grant by X.X. J.X. Xxxxxx of a participation interest to one or more other investment funds managed by a controlled Affiliate of X.X. J.X. Xxxxxx Chase & Co. without change in record ownership.