OW Permitted Transfer definition
OW Permitted Transfer means (i) any Transfer to one or more entities that are, directly or indirectly, wholly owned by OW, (ii) prior to the death of OW, the Transfer of up to 30% of each of the Purchased Shares and the Option Shares to a Permitted Estate Vehicle (as defined in the Share Purchase Agreement) or to a Charitable Organization, and (iii) upon the death of OW, the Transfer of all or any portion of the Purchased Shares and/or Option Shares to OW’s estate, any Family Member or Charitable Organization.
Examples of OW Permitted Transfer in a sentence
The OW Permitted Transferee acknowledges that such OW Permitted Transferee has acquired Equity Securities from OW or an OW Permitted Transferee pursuant to an OW Permitted Transfer.
Neither party to this Agreement shall assign all or any part of this Agreement, unless in connection with an Artal Permitted Transfer or OW Permitted Transfer, as the case may be, without the prior written consent of the other party to this Agreement.