Affiliate Transfer definition

Affiliate Transfer is defined in Section 7.03(a)(i).

Affiliate Transfer means and refer to an assignment by Tenant of this Lease to a Tenant Affiliate where (x) Tenant gives Landlord prior written notice of the name of such Tenant Affiliate, and (y) the applicable Tenant Affiliate assumes, in writing, for the benefit of Landlord, all of Tenant’s obligations under this Lease.

Affiliate Transfer means a Transfer of Equity Securities from a Shareholder that is not a natural person to an Affiliate of such Shareholder, and “Affiliate Transferee” shall have the corresponding meaning.

Examples of Affiliate Transfer in a sentence

• The conditions precedent to the obligations of the NGL Group Entities under each of the Affiliate Transfer Agreements and each other agreement delivered by any of the NGL Group Entities pursuant to such Affiliate Transfer Agreements shall have been satisfied in full or waived in writing by HSE.

• Upon receipt of the Shares, the purchasers of such Shares will have good and marketable title to such Shares and the Shares will, subject to any Affiliate Transfer Restrictions, be freely tradable on the Trading Market.

• Any Member who desires to sell, dispose of or otherwise transfer or assign all or any part of such Member’s membership interest in any transaction other than an Affiliate Transfer shall first offer to sell to the Company all of the membership interest which such Member desires to transfer.

• The Company represents that it has taken all action necessary to exempt an Affiliate Transfer from any such applicable transfer restrictions.

• The conditions precedent to the obligations of Transferor and the Affiliated Transferors under each of the Affiliate Transfer Agreements and each other agreement delivered by any Affiliated Transferor pursuant to such Affiliate Transfer Agreements shall have been satisfied in full or waived in writing by the Representative.

More Definitions of Affiliate Transfer

Affiliate Transfer means a Transfer by a Member of Units to a 100% Affiliate of such Member that remains a 100% Affiliate of the Transferor at all times following such Transfer, it being understood and agreed that if and when such 100% Affiliate ceases to be a 100% Affiliate of such Member, it will be deemed to be a new Transfer of the Units held by such 100% Affiliate, which would be subject to Article IX.

Affiliate Transfer means, if the transferor is an individual, a gift or contribution by the transferor prior to the transferor’s death to a member of the transferor’s immediate family (i.e. parents, descendants, siblings or spouse) or to a trust, partnership or other entity controlled by or for the benefit of such transferor or such transferor’s immediate family. If the transferor is an entity, “Affiliate Transfer” means the transfer or contribution of the membership interest to another entity so long as the Person or Persons with the power, whether through ownership of voting securities by contract or otherwise, to direct or cause the direction of the management and policies of the transferor entity have the power to direct or cause direction of the management and policies of the transferee entity.

Affiliate Transfer means the transfer or contribution of the membership interest to another entity so long as the Person or Persons with the power, whether through ownership of voting securities, by contract or otherwise, to direct or cause the direction of the management and policies of the transferor entity have the power to direct or cause direction of the management and polices of the transferee entity.

Affiliate Transfer means a transfer of an account pursuant to Part 7 of this Article by one trust institution affiliate of that trust institution.

Affiliate Transfer means, (i) with respect to a Stockholder that is not a natural person, a Transfer of Company Common Stock or Class C/D Common Stock from a Stockholder to its members (if the Stockholder is a limited liability company), to its partners (if the Stockholder is a general or limited partnership), to its shareholders (if the Stockholder is a corporation) or by way of a distribution or to its beneficiaries (if the Stockholder is a trust) or a Transfer of Company Common Stock or Class C/D Common Stock to a Person that is wholly owned by the transferring Stockholder or (ii) with respect to a Stockholder that is a natural person, Transfers to such Stockholder’s legatees or heirs, following the death of such Stockholder, and Transfers to a family member or to a trust primarily for such Stockholder’s benefit or the benefit of its family members.

Affiliate Transfer shall have the meaning assigned that term in the Transfer Restriction Agreement.

Affiliate Transfer means (i) in the case of a Shareholder that is not a natural person, a Transfer of Preference Shares from a Shareholder to an Affiliate of such Shareholder, provided that the transferee agrees to remain an Affiliate of the transferor so long as it holds such Preference Shares or (ii) a Transfer of Preference Shares from a Shareholder who is a natural person to (a) any executor, administrator or testamentary trustee of such Shareholder’s estate if such Shareholder dies, (b) any transferee receiving Preference Shares of such Shareholder by will, intestacy laws or the laws of descent or survivorship, (c) any trustee of a trust (including an inter vivos trust) of which there are no principal beneficiaries other than such Shareholder or one or more lineal descendents, siblings or parents of such Shareholder or one or more lineal descendents of any siblings of such Shareholder or (d) any corporation, partnership or other entity of which such Shareholder owns directly the majority of the outstanding equity securities or other ownership interests or of which such Shareholder is otherwise entitled to appoint a majority of the board of directors or other managing body. “Affiliate Transferee” shall have the corresponding meaning.