First Transferee definition

First Transferee means the Person that acquires Tenant’s Interest in the Premises from a Recognized Mortgagee or its Designee that acquired Tenant’s Interest in the Premises pursuant to a Foreclosure Transfer described in Section 11.11(c)(i)(1).
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First Transferee and “Second Transferee” may hereinafter collectively be referred to as “the Transferees”.
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First Transferee has the meaning given to that term in paragraph 2(h).
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Examples of First Transferee in a sentence

  • The First Transferee Company is in the business of conducting research and development on synthesis of Peptides and Peptide building blocks and marketing of Peptides.

  • Any question that m ay arise as to whether any staff, xxxxxxx or em ployee belongs to or does not belong to the Indian Terrain Division, shall be decided m utually by Board of Directors of the Transferor Company and the First Transferee Company or committee(s) thereof.

  • The First Transferor shall transfer 9,999 (Nine Thousand Nine Hundred Ninety Nine) fully paid Equity Shares of the Company at a consideration of Rs. 1,870/- (Rupees One Thousand Eight Hundred Seventy Only) per share to the First Transferee by executing duly stamped transfer deed and send it to the Company for approving the transfer of the said shares in favour of the First Transferee respectively alongwith the Original Share Certificate.

  • The rights and obligations of a Designee and a First Transferee from such Recognized Mortgagee relative to Percentage Rent shall similarly apply.

  • The cancellation of the pre - demerger share capital shall result in a mirror image of the shareholding pattern in the First Transferee Com pany as it stands for the Transferor Company, to the extent the Key Managerial ESPS offered to the em ployees as per clause 6.6, is not exercised by such employees.

  • By the appointment of the Second Transferee and the acceptance by the Second Transferee of such appointment, all of the rights, powers and obligations of the First Transferee in relation to the Construction Agreement shall immediately and automatically be transferred to and assumed by the Second Transferee and the First Transferee shall be released from all of its obligations under the Construction Agreement.

  • INFORMATION ON THE TRANSFEREES To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the First Transferee is a limited partnership established under the laws of the PRC whose limited partnership interest is held as to approximately 99.99% by China Life and approximately 0.01% by the Second Transferee.

  • However, the exercis e price of such options would be suitably re-priced in order to compensate the em ployees, for reduction in the intrinsic value of the Transferor Com pany pursuant to Demerger of the Indian Terrain Division into the First Transferee Company.

  • The Schem e set out herein in its present form or with any m odification(s) approved or imposed or directed by the High Court of Judicature at Madras or, made as per clause 25 of the Schem e, in respect of the Dem xxxxx of the Indian Terrain Division into the First Transferee Company and the transfer of the Bottoms Division to the Second Transferee Company, shall be effectiv e from the Appointed Date, but shall come into operation from the Effective Date.

  • The First Transferee Com pany shall cancel its pre – demerger paid up equity share capital of Rs. 5,00,000/- (Rupees Five Lakhs only) i.e. 50,000 equity shares of Rs. 10/- (Rupees Ten only) each, held by the Transferor Company, upon allotment of equity shares as per clause 9.1, as consideration for demerger.


More Definitions of First Transferee

First Transferee has the meaning provided in Section 11.11(c).
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First Transferee is defined in Section 21.3.6.10.
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Related to First Transferee

  • 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.”

  • 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).

  • 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.

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

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

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

  • Transferee Company means any company or body corporate established in the Islands or in any other jurisdiction.

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

  • 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.

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

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

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

  • Transferee Letter The meaning specified in Section 12.16.

  • 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.

  • Transferring Stockholder has the meaning assigned to such term in Section 3.4(a).

  • 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.

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

  • 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).

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

  • Permitted Transferees means a person or entity to whom a Holder of Registrable Securities is permitted to transfer such Registrable Securities prior to the expiration of the Founder Shares Lock-up Period or Private Placement Lock-up Period, as the case may be, under the Insider Letter and any other applicable agreement between such Holder and the Company, and to any transferee thereafter.

  • Principal Stockholder means any person who individually or in concert with his spouse and

  • Transferring Shareholder has the meaning set out in Section 6.1; and

  • 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.

  • Asset Transfer means a sale, lease or other disposition of all or substantially all of the assets of the Company.

  • Time-share estate means a right to occupy a condominium unit or any of several condominium units during 5 or more separated time periods over a period of at least 5 years, including renewal options, coupled with a freehold estate or an estate for years.