Creditor Transferee definition

Creditor Transferee means any creditor, receiver, trustee, or similar person to whom a Membership Interest is Transferred by Involuntary Transfer.
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Creditor Transferee means any creditor, receiver, trustee, or
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Creditor Transferee has the meaning given to it in Clause 14.1 (Transfer).
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Examples of Creditor Transferee in a sentence

  • No Involuntary Transfer shall be effective unless and until the Creditor Transferee, the Transferor, or both send a Notice of Transfer to the Company.

  • In the event of an Involuntary Transfer of all or any part of a Membership Interest, the Creditor Transferee shall only be entitled to receive a Distribution upon the liquidation of the Company.

  • In the event of an Involuntary Transfer of -------------------- a Member's Percentage Interest, the Creditor Transferee shall only be entitled to receive the distribution in liquidation of the Company resulting from the Transfer, reduced by the amount of damages incurred by the Company as a result of the breach of this Article VII.

  • In the event of a proposed exercise by a Creditor Transferee of its rights to any pledged Shares, either the Shareholder or Creditor Transferee shall deliver a Notice of Transaction and Written Offer to the Corporation in accordance with the provisions of Section 1(a), whereupon the Corporation shall exercise its rights pursuant to and in accordance with Section 1(a).

  • Further, section 202(x)(1)(A) of the Act prohibits the payment of Old-age, Survivors, and Disability Insurance (OASDI) benefits to individuals who are incarcerated.

  • In the event of an Involuntary Transfer of Units, the Creditor Transferee shall only be entitled to receive the distribution in liquidation of the Company resulting from the Transfer, reduced by the amount of damages incurred by the Company as a result of the breach of this Article VII.

  • In the event of an Involuntary Transfer of Units, the Creditor Transferee shall only be entitled to receive the distribution in liquidation of the Company resulting from the Transfer, reduced by the amount of damages incurred by the Company as a result of the breach of this Article VI.

Related to Creditor Transferee

  • Transferee Any Person who is acquiring by Transfer any Ownership Interest in a Certificate.

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Subsequent Transferee has the meaning set forth in Section 4.06(b).

  • Proposed Transferee has the meaning set forth in Section 2.4(a).

  • Eligible Transferee means and include a commercial bank, financial institution or other "accredited investor" (as defined in Regulation D of the Securities Act).

  • Prospective Transferee means any person to whom a Key Holder proposes to make a Proposed Key Holder Transfer.

  • Purported Beneficial Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 6.2.2 of this Article VI, the Purported Record Transferee, unless the Purported Record Transferee would have acquired or owned shares of Capital Stock for another Person who is the beneficial transferee or owner of such shares, in which case the Purported Beneficial Transferee shall be such Person.

  • Approved Transferee means (a) a “qualified institutional buyer” (“QIB”) as defined in Rule 144A promulgated under the Securities Act that is a financial institution or commercial bank having capital and surplus of $5,000,000,000 or more, (b) an affiliate of the Funding Lender, or (c) a trust or custodial arrangement established by the Funding Lender or one of its affiliates the beneficial interests in which will be owned only by QIBs.

  • Purported Record Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 7(b)(ii) of these Articles Supplementary, the record holder of the Series A Preferred Stock if such Transfer had been valid under Section 7(b)(i) of these Articles Supplementary.

  • Transfer Shares has the meaning ascribed to such term in Section 6.2(a)

  • Pre-Event Transferee shall have the meaning set forth in Section 7(e) hereof.

  • Authorized Transferee means a Qualified Trust of Xxxxx X. Xxxxxx or of any member of a Family Group that (a) would be a Permitted Transferee of the Partner engaging in a Transfer of Partnership Interests under the Certificate of Incorporation of each Company in which the Partnership owns Class B Shares, if such Partner were Transferring Class B Shares instead of Partnership Interests; (b) is eligible to be a Partner of the Partnership without causing any Class B Shares then held by the Partnership to be converted into Class A Shares pursuant to the applicable Certificate of Incorporation; and (c) is a Participating Stockholder of each Company whose Class B Shares are owned by the Partnership, but only if such Qualified Trust (i) is a Partner immediately prior to the Transfer of Partnership Interests to such Qualified Trust or (ii) prior to or simultaneously with such Transfer, executes and delivers to the Partnership a counterpart of this Agreement, executed by the trustee of such Qualified Trust, agreeing to be subject to the restrictions and obligations of a Partner hereunder and to hold all Partnership Interests then owned or later acquired by such Qualified Trust in accordance with the terms of this Agreement, such counterpart to be substantially in the form of Exhibit 1 hereto. In particular, a Qualified Trust may not necessarily qualify under clauses (a) and (b) above. Therefore, care must be given to ensure that, for purposes of determining whether a Qualified Trust is an Authorized Transferee, such Qualified Trust qualifies under clauses (a) and (b) above. In addition, an “Authorized Transferee” of a General Partnership Interest also includes a “Qualified Entity” (defined in Section 1.18 below).

  • Transferor Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Prospective Purchaser has the meaning set forth in Section 2.3(b)(i) hereof.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Disposing Member is defined in Section 4.1.

  • Transfer Stock means shares of Capital Stock owned by a Key Holder, or issued to a Key Holder after the date hereof (including, without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or the like), but does not include any shares of Preferred Stock or of Common Stock that are issued or issuable upon conversion of Preferred Stock.

  • Modified Eligible Transferee means any bank, financial institution or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities and other financial assets.

  • Transferee Letter The meaning specified in Section 12.16.

  • Post-Event Transferee shall have the meaning set forth in Section 7(e) hereof.

  • Holder means a Person in whose name a Security is registered in the Security Register.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Initial Investor Interest means $750,000,000.

  • Principal Holder means a person who, directly or indirectly, beneficially owns or controls 10% or more of any class of voting securities of the Corporation.

  • Investor Interest means, on any date of determination, an amount equal to the sum of (a) the Class A Investor Interest, (b) the Class B Investor Interest and (c) the Collateral Interest, each as of such date.