Indirect Permitted Transferee definition
Indirect Permitted Transferee means, subject to Section 3.8, with respect to any Class A Member or any owner of a Class A Member, (a) ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, (b) a member of the Immediate Family of an individual that directly or indirectly owns Equity Securities in such Class A Member; provided, that, either ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, as applicable, for so long as such individual is living, must retain, directly or indirectly, voting control of the Units held by such Class A Member pursuant to a voting agreement that is delivered to the Company, the Highbridge Holders and the Bayou City Holders within five (5) Business Days after the applicable Transfer, and (c) any owner or Affiliate of such Class A Member; provided, that, either ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, as applicable, for so long as such individual is living, must retain, directly or indirectly, voting control of the Units held by such Class A Member pursuant to a voting agreement that is delivered to the Company, the Highbridge Holders and the Bayou City Holders within five (5) Business Days after the applicable Transfer.
Indirect Permitted Transferee means, subject to Section 3.9, with respect to any Class A Limited Partner, (a) ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, (b) a member of the Immediate Family of an individual that directly or indirectly owns Equity Securities in such Class A Limited Partner; provided, that, either ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, as applicable, for so long as such individual is living, must retain, directly or indirectly, voting control of the Units held by such Class A Limited Partner pursuant to a voting agreement that is delivered to the Partnership and the Highbridge Holders within five (5) Business Days after the applicable Transfer, and (c) any owner or Affiliate of such Class A Limited Partner; provided, that, either ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ or ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, as applicable, for so long as such individual is living, must retain, directly or indirectly, voting control of the Units held by such Class A Limited Partner pursuant to a voting agreement that is delivered to the Partnership and the Highbridge Holders within five (5) Business Days after the applicable Transfer.
Examples of Indirect Permitted Transferee in a sentence
If the Transfer of such portion of such Passing Interest is in connection with an Indirect Transfer, after giving effect to such Indirect Transfer (but prior to giving effect to any future Indirect Transfer or Transfer), the holders of such portion of such Passing Interest will be considered for all purposes hereunder an Indirect Permitted Transferee with respect to such Passing Interest.