Transfer to Transferee Sample Clauses
The "Transfer to Transferee" clause defines the conditions and process by which rights, obligations, or interests under an agreement may be transferred from one party (the transferor) to another (the transferee). Typically, this clause outlines any required consents, notifications, or qualifications that the transferee must meet before the transfer is effective. For example, it may specify that the transferee must be approved by the original counterparty or that certain documentation must be completed. The core function of this clause is to provide a clear framework for the assignment or transfer of contractual interests, thereby preventing disputes and ensuring that all parties are aware of and agree to any changes in the parties involved.
Transfer to Transferee. If the Company or any assignee exercises its Purchase Option hereunder, then the Escrow Holder, upon receipt of written notice of such option exercise from the proposed transferee, shall take all steps necessary to accomplish such transfer.
Transfer to Transferee. If, within thirty (30) days from the date of service of the Transfer Notice upon the Trustee, the Non-Transferring Shareholders have not elected to purchase all the Shares of the Transferring Shareholder on the terms and conditions set forth in the Transfer Notice, the Transferring Shareholder may then transfer the Shares free of the provisions and restrictions of this VTA to the proposed transferee, but only at the price and upon the terms and conditions set forth in the Transfer Notice.
Transfer to Transferee. If the Company has not elected to purchase all of the Offered Shares, the Stockholder may sell the portion of the Offered Shares not acquired by the Company within twenty (20) business days of the date the Transfer Notice was received by the Company, PROVIDED, HOWEVER, that any such sale is in accordance with all the Offered Terms and Conditions (or otherwise on terms and conditions of the transaction no more favorable to the Transferee than the terms and conditions on which the Offered Shares were proposed to be sold to the Company, as set forth in the Transfer Notice); and PROVIDED, FURTHER, that if the Transfer is made in a private placement to a purchaser or purchasers known to the Stockholder, the Transferee in such sale agrees with the Company and the Stockholder that the Shares held by such Transferee shall continue to be subject to the terms and restrictions of this Agreement and that the Transferee shall become a party to this Agreement and be subject to the rights and restrictions of a Stockholder hereunder. If the Stockholder does not consummate the sale of the Offered Shares to the Transferee within said twenty (20) business day period, the Offered Shares (or such portion thereof not acquired by the Company) will thereafter again be subject to this SECTION 4.
Transfer to Transferee. If the Company and the Subscribing Shareholders, in the aggregate, have not elected to purchase all of the Offered Shares, the Company shall give written notice to that effect to the Transferor and all Subscribing Shareholders, the subscriptions of the Company and each of the Subscribing Shareholders shall automatically be void, and, subject to the provisions of Section 5 of this Agreement, the Transferor may sell the Offered Shares to the Transferee, provided, that the sale is consummated within 60 days of the date the Transfer Notice was received by the Company, and provided, further, that the sale is in accordance with all the Offered Terms and Conditions (or otherwise on terms and conditions of the transaction no more favorable to the Transferee than the terms and conditions on which the Offered Shares were proposed to be sold to the Company or the Other Shareholders, as set forth in the Transfer Notice) and upon the terms and conditions set forth in this Agreement. If the Transferor does not consummate the sale of the Offered Shares to the Transferee within said 60 day period, the Offered Shares will thereafter again be subject to this Section 4.
Transfer to Transferee. If the Company and the Subscribing Shareholders, in the aggregate, have not elected to purchase all of the Offered Shares, the Company shall give written notice to that effect to the Transferor and all Subscribing Shareholders, the subscriptions of the Company and each of the Subscribing Shareholders shall automatically be void, and, subject to the