Limitations on Transfers. Federal regulations limit transfers for savings accounts and money market accounts, if applicable. During any statement period, you may not make more than six withdrawals or transfers to another Credit Union account of yours or to a third party by means of a pre-authorized or automatic transfer. This includes transfers by phone, fax, wire and cable, audio response, overdraft transfers to checking and Internet instruction. No more than three of the six transfers may be made by check, draft or debit card, or similar order to a third party. A pre-authorized transfer includes any arrangement with us to pay a third party from your account upon oral or written orders including orders received through the automated clearinghouse (ACH). If you exceed the transfer limitations set forth above in any statement period, the transfer may not be completed, your regular share account and draft account may be subject to a fee, account closure, or suspension or we may revoke your access to Online Banking. We will not be required to complete a withdrawal or transfer from your account(s) if you do not have enough money in the designated account(s) to cover the transaction; however, we may complete the transaction. You agree not to use Online Banking to initiate a transaction that would cause the balance in your designated account(s) to go below zero. If you have a line-of-credit, you agree not to use Online Banking to initiate a transaction that would cause the outstanding balance of your line-of-credit to go above your credit limit. We will not be required to complete such a transaction, but if we do, you agree to pay us the excess amount or improperly withdrawn amount or transferred amount immediately upon our request. We also will refuse to complete your Online Banking transactions if we have canceled your Online Banking access, or we cannot complete the transaction for security reasons. The functions and limitations of Online Banking may be updated, without notice, at the option of the Credit Union in order to provide improved service to the membership.
Limitations on Transfers. Except as otherwise permitted in this Section 10.01, Borrower shall not cause or permit:
(i) the Property or any interest in the Property, to be conveyed, transferred, assigned, encumbered, sold or otherwise disposed of; or (ii) any merger, reorganization, dissolution or other change in the ownership structure of Borrower (collectively, "TRANSFERS").
Limitations on Transfers. Such Investor acknowledges that the Securities must be held indefinitely unless subsequently registered under the Securities Act or unless an exemption from such registration is available. Such Investor is aware of the provisions of Rule 144 promulgated under the Securities Act which permit limited resale of securities purchased in a private placement subject to the satisfaction of certain conditions, which may include, among other things, the existence of a public market for the securities, the availability of certain current public information about the Company, the resale occurring not less than six months after a party has purchased and paid for the security to be sold, the sale being effected through a “broker’s transaction” or in transactions directly with a “market maker” and the number of securities being sold during any three month period not exceeding specified limitations.
Limitations on Transfers. Except if permitted under and in accordance with this Agreement, no Party will transfer, convey, assign, mortgage or grant an option in respect of or grant a right to purchase or in any manner transfer, alienate or otherwise dispose of (in this Article to "Transfer") any or all of its interest in the Properties and the Other Asset or transfer or assign any of its rights under this Agreement.
Limitations on Transfers. (a) The Participant may not direct a transfer with regard to his Participant Account's share of any Investment Option in an amount less than $500 or the Participant Account's entire share, if less than $500. If such a transfer reduces the Participant Account's remaining share of an Investment Option to less than $500, the entire remaining share shall also be transferred.
(b) Amounts transferred from the Fixed Interest Account on behalf of a Participant during any Contract Year shall not exceed 20% of the Participant Account's share of the Fixed Interest Account determined as of the last Contract Anniversary preceding the request for transfer, or the Participant Account's entire share of the Fixed Interest Account if such share would be less than $500 after the transfer.
(c) Amounts under this contract which have been transferred from other group annuity contracts, whether issued by AUL or otherwise, shall be allocated pursuant to the provisions of Section 3.2.
(d) AUL reserves the right to change the limitation on the minimum transfer, to change the limit on remaining balances, to limit the number and frequency of transfers, to suspend the transfer privilege provided in Sections 3.4 and 3.5, and to impose a charge on a transfer.
(e) Where a Participant has outstanding loans under this contract, a transfer from the Fixed Interest Account to the Variable Account shall be permitted only to the extent that the remaining Withdrawal Value of the Participant held in the Fixed Interest Account equals twice the total of the Participant's outstanding loans under this contract.
Limitations on Transfers. In addition to the rights of transfer under Section 14(a), each Holder, subject to the provisions of subsections 14(c), (d) and (e) below, shall be permitted to transfer any Warrants or Warrant Shares (and the rights relating thereto under this Agreement and the other Warrant Documents) to any other Person; provided that:
(i) such transfer is made pursuant to a registration statement under the 1933 Act or Rule 144 promulgated under the 1933 Act; or
(ii) such transfer is made to a Person other than a Permitted Transferee pursuant to an exemption from the registration requirements of the 1933 Act; provided, that if such transfer is being made pursuant to an exemption from such registration requirements, then:
(A) if requested by the Company, counsel for such Holder (which counsel may be internal counsel), shall furnish to the Company an opinion to the effect that such transfer is being made pursuant such an exemption;
(B) the applicable transferee (or, in the case of an account manager, the managed account on behalf of which the account manager is acting) is an "accredited investor" as defined in Regulation D promulgated under the 1933 Act; and
(C) such transferee represents to the Company in writing that it is acquiring such Warrants or Warrant Shares solely for its own account (or in the case of account managers, on behalf of managed accounts) and not as nominee or agent for any other Person (other than for such managed accounts, if applicable) and not with a view to, or for offer or sale in connection with, any distribution thereof (within the meaning of the 1933 Act), without prejudice, however, to its right at all times to sell or otherwise dispose of all or any part of said Warrants or Warrant Shares pursuant to a registration statement under the 1933 Act or pursuant to an exemption from the registration requirements of the 1933 Act, and subject, nevertheless, to the disposition of its property being at all times within its control.
Limitations on Transfers. The Company shall not contribute or transfer its assets to any of its subsidiaries, other than a subsidiary that has delivered its guarantee to the Investors in form and substance satisfactory to the Investors.
Limitations on Transfers. Except as set forth in Sections 10.2, 10.3 and 10.4, no Member shall, for any reason, whether voluntarily, involuntarily or by operation of law, Transfer all or any of such Member’s Membership Interest, without the prior unanimous written consent of the Members. To the fullest extent permitted by law, any Transfer not expressly permitted in this Agreement shall be null and void and of no legal effect. A transferee of a Membership Interest shall have the right to become a substitute Member only if (i) unanimous consent of the Members is given; (ii) such Person executes an instrument satisfactory to Managing Member accepting and adopting the terms and provisions of this Agreement; and (iii) such Person pays any reasonable expenses in connection with such Person’s admission as a substitute Member. The admission of a substitute Member shall not release the Member who assigned the Membership Interest from any liability that such Member may have to the Company.
Limitations on Transfers. Under federal regulations, you may make no more than six preauthorized electronic fund transfers and telephone transfers, including Online Banking transactions, checks, and point-of-sale transactions per month from your savings or money market deposit account.. Each fund transfer through Online Banking from your savings or money market deposit account is counted as one of the six limited transfers you are permitted each month. However, payments to your loan accounts with us are not counted toward this limit for savings and money market deposit accounts and all transactions made in person or at an ATM.
Limitations on Transfers. (a) Each Stockholder hereby agrees that it shall Transfer all or any of his or its Stock only if such Transferee shall, as a condition to such Transfer, execute a Counterpart and thereafter the Transferee shall be treated as a Stockholder having the obligations of the Stockholder from whom Transferred for all purposes under this Agreement. No Transfer shall be effective and the Corporation shall not, and shall not be compelled to, recognize any Transfer or record any Transfer on their books made unless such Transfer is effected in accordance with the terms of this Agreement, or issue any certificate representing any Stock to any Person who has received such Stock in a Transfer unless such Transfer is effected in accordance with the terms of this Agreement.
(b) Any Stockholder shall be permitted to pledge his Stock to a lender to the pledging Stockholder provided that, in the case of Stockholders other than Investors, (i) prior to completing the pledge, the lender undertakes in a writing (in form and substance acceptable to the lender and the Corporation) delivered to the Corporation that (A) such lender is prohibited from selling or syndicating all, or any portion of the debt obligation secured by the pledge, and (B) in the event of any default on the debt secured by such pledge, all or any portion of the pledged Stock (as determined by the Corporation) may be purchased by the Corporation for a price equal to the lower of (1) the Fair Market Value (as determined under procedures comparable to those set forth in Section 2(c) hereof with decisions as to choice of the valuation determiner being made by the Corporation and the lender) of the Stock being purchased, or (2) the unpaid principal, plus accrued interest, plus all other amounts accrued and owing to the lender in respect of such indebtedness, secured by the pledge, and (ii) the lender is an institution normally engaged in the business of making commercial loans.
(c) For purposes of this Agreement, "Fair Market Value" of a share of Stock shall mean such value as determined by an investment banking firm mutually acceptable to both the Board of Directors of the Corporation (the "Board") and the Stockholder. In the event an investment banking firm cannot be mutually agreed upon, such value shall be a value per share of Stock as determined by a nationally recognized firm engaged in the business of (among other things) valuing privately held businesses, which is not an Affiliate of the Corporation, any dire...
