Examples of Deemed Transfer Notice in a sentence
Nothing in this sub-clause (f) shall prevent the service of a Transfer Notice which a Shareholder is required to give in accordance with the Company Articles or the giving of a Deemed Transfer Notice in accordance with the Company Articles.
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Where a Deemed Transfer Notice is deemed given pursuant to clause 9.2 (Event of Defaults and deemed transfers), such Deemed Transfer Notice shall also be deemed to offer, by way of transfer, any Shareholder Debt outstanding to the Defaulting Shareholder in the Company (Defaulting Shareholder Debt).
Where the Transfer Notice is deemed to have been given it is referred to as a "Deemed Transfer Notice".
The transferor under a Transfer Notice and under a Deemed Transfer Notice is in this paragraph 2 called the "Vendor".
Failure to make such re-transfer within fourteen days of the transferee ceasing to be such an Associated Company shall result in a Deemed Transfer Notice under Section 13.4(b).
The Vendor shall be entitled by notice in writing given to the Company within seven days of the service upon him of the copy certificate to cancel the Company's authority to sell the Sale Shares unless the Shares are to be sold pursuant to a Deemed Transfer Notice.
The provisions of this Clause 4.15 apply only to resolutions necessary to implement a Deemed Transfer Notice and not to any other resolutions.
Where a Deemed Transfer Notice is deemed given pursuant to clause 9.2 (Events of Default and deemed transfers), such Deemed Transfer Notice shall also be deemed to offer, by way of transfer, any Shareholder Debt outstanding to the Defaulting Shareholder in the Company (Defaulting Shareholder Debt).
Material Shareholder, save where any Material Shareholder is deemed to have given a Deemed Transfer Notice (a Defaulting Shareholder) pursuant to article 14.2 in which case the quorum at any such generalmeeting shall be reduced by the number of any such Defaulting Shareholders at the time of the general meeting, and such Defaulting Shareholder shall not be required to have a representative at the general meeting for the purposes of such general meeting to be quorate].