Examples of Compulsory Transfer Notice in a sentence
Completion of the transfer of the Partner’s Shares the subject of the Compulsory Transfer Notice must take place on the date 20 Business Days after the Fair Value is determined in accordance with clause 17.
If a Compulsory Transfer Event occurs in respect of a Shareholder (a Defaulting Shareholder), the Angel Investor Majority may give notice to the Company and the Defaulting Shareholder (Compulsory Transfer Notice).
Completion of the transfer of the Partner’s Shares the subject of the Compulsory Transfer Notice must take place on the date 20 Business Days after the Adjusted Fair Value is determined in accordance with clause 17.
Completion of the sale redemption, buy back, purchase or forfeiture of the Compulsory Transfer Awards must occur on the date specified in the Compulsory Transfer Notice or otherwise determined by the Board.
Upon delivery of a Compulsory Transfer Notice the provisions of articles 38.3, 38.4, 38.5(a), 38.5(b) and 38.7 shall apply save that every reference to a "Transfer Notice" shall be deemed to read "Compulsory Transfer Notice" and every reference to the "Sale Price" shall be deemed to read the "Fair Price".
In accordance with its undisputed powers the League issued a Compulsory Transfer Notice in respect of the League Share (which entitles it to membership of the League) in the name of Leeds OldCo requiring it to transfer the League Share at par value to the Secretary of the League.
Completion of the transfer of the Founder Share pursuant to Article 6.2.1 will take place at the registered office of the Company at 11.00 am on the fifth business day after the date of the Compulsory Transfer Notice when the Non-Eligible Member will upon payment of £1 transfer the Founder Share and the relevant share certificates to the Founder Shareholders’ Trust.
Completion of the sale of the Compulsory Transfer Securities must occur on the date specified in the Compulsory Transfer Notice or otherwise determined by the Company.
Within seven (7) days of receiving a Compulsory Transfer Notice, the Leaving Shareholder warrants to do all things necessary to facilitate a buy back under this Clause 13, against receipt of the payment to the Leaving Shareholder.
Completion of the sale, redemption, buy-back (including by way of capital reduction), purchase or forfeiture of the Compulsory Transfer Awards must occur on the date specified in the Compulsory Transfer Notice or such other date as is determined by the Board.