Class B Permitted Transferee definition

Class B Permitted Transferee means, if the Class B Stockholder is an individual:

Class B Permitted Transferee means a Tencent Class B Permitted Transferee or a Founder Class B Permitted Transferee;

Class B Permitted Transferee means, if the Class B Stockholder is a corporation, partnership, limited liability company, business trust or other business entity:

Examples of Class B Permitted Transferee in a sentence

• In the event of foreclosure or other similar action by the pledgee, such pledged shares shall automatically, without any act or deed on the part of the Corporation or any other person, be converted into shares of Class A Common Stock unless within five business days after such foreclosure or similar event such pledged shares are returned to the pledgor or transferred to a Class B Permitted Transferee.

• The Corporation and any transfer agent of Class B Common Stock may as a condition to the transfer or the registration of any transfer of shares of Class B Common Stock permitted by this SECTION 5.4 require the furnishing of such affidavits or other proof as they deem necessary to establish that such transferee is a Class B Permitted Transferee.

• Notwithstanding anything to the contrary set forth herein, any holder of Class B Common may pledge such shares to a pledgee pursuant to a bona fide pledge of such shares as collateral security for indebtedness due to the pledgee, provided that such shares may not be transferred to or registered in the name of the pledgee unless such pledgee is a Class B Permitted Transferee.

• The foregoing provisions of this paragraph shall not be deemed to restrict or prevent any transfer of such shares, subject to any automatic conversions into Class A Common Stock, depending on whether the transferee is a Class B Permitted Transferee, by operation of law upon incompetence or death of any Class B Stockholder.

• A Beneficial Owner (as hereinafter defined) of shares of Class B Common Stock (herein referred to in this Section as a "Class B Stockholder") may transfer, directly or indirectly, shares of Class B Common Stock, whether by sale, assignment, gift or otherwise, only to a Class B Permitted Transferee (as hereinafter defined) and no Class B Stockholder may otherwise transfer record or Beneficial Ownership (as hereinafter defined) of any shares of Class B Common Stock.

More Definitions of Class B Permitted Transferee

Class B Permitted Transferee means (i) the Existing Stockholders and (ii) the “Class B Permitted Transferees” (as such term is defined in the Charter as in effect on the date hereof).

Class B Permitted Transferee means:

Class B Permitted Transferee only the following persons: (i) Ralpx Xxxrxx xxx his estate, guardian, conservator or committee; (ii) the spouse of Ralpx Xxxren and her estate, guardian, conservator or committee; (iii) each descendant of Ralpx Xxxrxx (x "Laurxx Xxxcendant") and their respective estates, guardians, conservators or committees; (iv) each Family Controlled Entity (as defined below); and (v) the trustees, in their respective capacities as such, of each Lauren Family Trust (as defined below). The term "Family Controlled Entity" means (i) any not-for-profit corporation if at least a majority of its board of directors is composed of Ralpx Xxxrxx, xxe spouse of Ralpx Xxxren and/or Lauren Descendants; (ii) any other corporation if at least a majority of the value of its outstanding

Class B Permitted Transferee means a Tencent Class B Permitted Transferee or a Founder Class B Permitted Transferee.

Class B Permitted Transferee as set forth in the Company’s Articles of Incorporation.

Class B Permitted Transferee means, if the Class B Stockholder is a corporation, partnership or other business entity:

Class B Permitted Transferee only the following persons: (i) Ralpx Xxxrxx xxx his estate, guardian, conservator or committee; (ii) the spouse of Ralpx Xxxren and her estate, guardian, conservator or committee; (iii) each descendant of Ralpx Xxxrxx (x "Laurxx Xxxcendant") and their respective estates, guardians, conservators or committees; (iv) each Family Controlled Entity (as defined below); and (v) the trustees, in their respective capacities as such, of each Lauren Family Trust (as defined below). The term "Family Controlled Entity" means (i) any not-for-profit corporation if at least a majority of its board of directors is composed of Ralpx Xxxrxx, xxe spouse of Ralpx Xxxren and/or Lauren Descendants; (ii) any other corporation if at least a majority of the value of its outstanding equity is owned by Class B Permitted Transferees; (iii) any partnership if at least a majority of the economic interest of its partnership interests are owned by Class B Permitted Transferees; and (vi) any limited liability or similar company if at least a majority of the economic interest