Exempt Assignee definition

Exempt Assignee means any affiliate of Director or Director's spouse, direct lineal ancestors and descendants, legal dependents, beneficiaries under a will or the laws of intestacy or a trust exclusively for the benefit of some or all of the foregoing. Any assignee or transferee of this Option (or any part thereof) who is entitled under this Section 4 to the rights of Director hereunder is a "Permitted Assignee".
Exempt Assignee means any affiliate of the Executive or the Executive's spouse, direct lineal ancestors and descendants, legal dependents, beneficiaries under a will or the laws of intestacy or a trust exclusively for the benefit of some or all of the foregoing. "Permitted Assignee" means any person to whom the Executive transfers a minimum of 400,000 Li Shares.
Exempt Assignee shall refer only to persons, firms, corporations or any other entities becoming co-venturers with Lessee and jointly and severally liable with Lessee, or such entities of which Lessee owns or controls not less than 51% of all beneficial interests therein. Exempt Assignees may assign or transfer their respective interests to each other in the manner above specified for assignments by Lessee to Exempt Assignees without any such assignment constituting a violation of Section 14.02.

Examples of Exempt Assignee in a sentence

  • All rights and benefits of the Company under this Agreement may be transferred and assigned by the Company, (1) to any Affiliate of the Company or to an Exempt Assignee (defined below) of the Company, without consent but only upon prior written notice to the Authority or (2) with the written approval of the Authority.

  • As to any assignment or transfer, whether with the approval of the Lessor or to an Exempt Assignee, Lessee shall deliver to Lessor on Lessor's demand, (a) a duplicate original of the instrument or instruments of transfer of this Lease in recordable form, containing the name and address of the transferee thereof, and (b) an instrument of assumption by said transferee of all of Lessee's obligations under this Lease, failing which assumption such assignment or transfer shall be void.

  • Strictly speaking networks would have been required to bring all documents anew! In order to facilitate work for networks, the Secretary General has taken an "urgent technical decisions" stating that all CEEPUS II legal documents already submitted shall continue as being regarded valid unless retracted by the respective university.

  • However, the Company may make such an assignment, transfer or sublease the Project, to an Affiliate or Exempt Assignee (defined below) without consent of the Issuer.

  • The foregoing notwithstanding, in connection with an assignment to an Exempt Assignee, the Company shall be automatically released from all liabilities and obligations accruing under the assigned documents after the effective date of such assignment.


More Definitions of Exempt Assignee

Exempt Assignee. Any Person that is not a U.S. Person who is acquiring interest in any Funded Loan in an Offshore Transaction.

Related to Exempt Assignee

  • Qualified Assignee means (a) any Lender, any Affiliate of any Lender and, with respect to any Lender that is an investment fund that invests in commercial loans, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor, and (b) any commercial bank, savings and loan association or savings bank or any other entity which is an "accredited investor" (as defined in Regulation D under the Securities Act) which extends credit or buys loans as one of its businesses, including insurance companies, mutual funds, lease financing companies and commercial finance companies, in each case, which has a rating of BBB or higher from S&P and a rating of Baa2 or higher from Xxxxx'x at the date that it becomes a Lender and which, through its applicable lending office, is capable of lending to Borrower without the imposition of any withholding or similar taxes; provided that no Person determined by Agent to be acting in the capacity of a vulture fund or distressed debt purchaser shall be a Qualified Assignee and no Person or Affiliate of such Person (other than a Person that is already a Lender) holding Subordinated Debt or Stock issued by any Credit Party shall be a Qualified Assignee.

  • Permitted Assignee means (a) with respect to a partnership, its partners or former partners in accordance with their partnership interests, (b) with respect to a corporation, its stockholders in accordance with their interest in the corporation, (c) with respect to a limited liability company, its members or former members in accordance with their interest in the limited liability company, (d) with respect to an individual party, any Family Member of such party, (e) an entity that is controlled by, controls, or is under common control with a transferor, or (f) a party to this Agreement.

  • Non-citizen Assignee means a Person whom the General Partner has determined in its discretion does not constitute an Eligible Citizen and as to whose Partnership Interest the General Partner has become the Substituted Limited Partner, pursuant to Section 4.9.

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

  • Ineligible Assignee Any private investment company, investment firm, investment partnership, private equity fund or other private equity investment vehicle.

  • Eligible Assignee means any Person that meets the requirements to be an assignee under Section 10.06(b)(iii) and (v) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)).

  • Permitted Assignment means a Permitted Subsidiary Assignment or a Permitted Third-Party Assignment.

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

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.

  • Transferee Letter The meaning specified in Section 12.16.

  • Conduit Assignee means any multi-seller commercial paper conduit or special purpose entity funded by a multi-seller commercial paper conduit which is, in either case, administered by a common manager or an Affiliate of a CP Conduit, or the collateral trustee of such entity.

  • 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.

  • Approved Fund means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

  • Non-U.S. Person means a Person who is not a U.S. Person.

  • Permitted Assign means, for a person that is an employee, executive officer, director or consultant of an issuer or of a related entity of the issuer,

  • Assignee as defined in Section 10.6(b).

  • Exempt Transfer means, in relation to shares held by a member:

  • 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.

  • 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).

  • Permitted Assignees shall have the meaning set forth in Section 3(e) hereto;

  • Qualified Institutional Investor (tekikaku kikan xxxxxxx) has the meaning assigned thereto in Article 2, Paragraph 3, item 1 of the Financial Instruments and Exchange Law (kinyu shohin torihiki ho) of Japan (Law No. 25 of 1948), Article 10, Paragraph 1 of the regulations relating to the definitions contained in such Article 2.

  • Qualified Transferee means an “accredited investor” as defined in Rule 501 promulgated under the Securities Act.

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

  • prospective assignment means an assignment that is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

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

  • Permitted Transfer has the meaning set forth in Section 10.02.