Transfer Upon Death. Upon the death of a Licensee or Equity Owner, this Agreement or the Equity Interest (if applicable) may pass in accordance with such person's will or, if such person dies intestate, in accordance with laws of intestacy governing the distribution of such person's estate, without our consent; provided that (i) the Transfer is to a Family Member or to a legal entity formed by such Family Member(s), and (ii) within one year after the death, such Family Member(s) or entity meets all our then current requirements for an approved applicant.
Transfer Upon Death. Upon the death of a Licensee or Equity Owner who is a natural person, this Agreement or the Equity Interest of the deceased Equity Owner may Transfer in accordance with such person’s will or, if such person dies intestate, in accordance with laws of intestacy governing the distribution of such person’s estate without our consent, provided that: (i) the Transfer Upon Death is to an immediate family member or to a legal entity formed by such family member(s); and (ii) within one (1) year after the death, such family member(s) or entity meet all of our then current requirements for an approved applicant and the Transfer otherwise satisfies the conditions in this Subparagraph 11.b.(2).
Transfer Upon Death. Notwithstanding anything herein to the contrary, a Shareholder may transfer any of his Shares by will or the laws of descent and distribution. Any Shares so transferred shall remain subject to this Agreement, and all rights, obligations and provisions for purchase of such Shares hereunder shall remain unaffected by such a transfer.
Transfer Upon Death. The legal representative of a deceased Person who holds a Membership Interest is hereby authorized to distribute the deceased individual’s direct or indirect interest in the Membership Interest, without liquidation thereof, to the Person or Persons entitled thereto under the applicable laws of testate or intestate succession. The legal representative of a deceased individual holding the direct or indirect interest in the Membership Interest shall promptly notify the Fund of such individual’s death. Neither the legal representative of the deceased individual nor any distributee of the deceased individual’s direct or indirect interest in the Membership Interest may require that the Membership Interest be redeemed or liquidated by the Fund. No Transferee of a deceased individual’s Membership Interest shall be a Member unless admitted in accordance with Section 8.1(b).
Transfer Upon Death. This Agreement shall be transferred to the following individual in the event of Customer death. NAME ADDRESS
Transfer Upon Death. Subject to the provisions of Section 9.1, upon the death of any holder of Management Equityholder Shares, the Management Equityholder Shares held by such holder may be distributed by will or other instrument taking effect at death or by applicable laws of descent and distribution to such holder's estate, executors, administrators and personal representatives, and then to such holder's heirs, legatees or distributees, whether or not such recipients are Members of the Immediate Family of such holder.
Transfer Upon Death. If the interest of the Franchisee or any of Franchisee's Principals is transferred upon death or permanent disability of Franchisee or Franchisee's Principal to the spouse, parents, siblings, nieces, nephews, descendants or spouse's descendants of such Franchisee or Franchisee's Principal, the transferee shall be required to execute a copy of this Agreement, the Guaranty and any ancillary documents required by Franchisor in its sole discretion. All other transfers upon death will be subject to the same conditions as any other inter-vivos transfer.
Transfer Upon Death of an member To effect a testamentary transfer of a VYVO business, the successor/nominee must provide the following to VYVO: (1) an original death certificate; (2) a notarized copy of the will or other instrument establishing the successor/nominee's right to the VYVO business; and (3) a completed and executed member Agreement, or the successor/nominee must have been noted to the company in the application process and proper matching identification must be provided.
Transfer Upon Death. 21 Section 5.07. Other Permitted Transfers..........................21 Section 5.08. Call Options.......................................22 ARTICLE VI
Transfer Upon Death. Notwithstanding the provisions of ------------------- Section 5.04, but subject to the provisions of Section 5.08, upon the death of any Member, the Units of such Member may be distributed by will or other instrument taking effect at death or by applicable laws of descent and distribution to such Member's estate, executors, administrators and personal representatives, and then to such Member's heirs, legatees or distributees; provided, however, that no such Transfer shall be effective until the recipient -------- ------- has delivered to the Company a written acknowledgment and agreement in form and substance reasonably satisfactory to the Company that the Units to be received by such recipient are subject to all the provisions of this Agreement.
