Permitted Transferor definition
Examples of Permitted Transferor in a sentence
The disposition or transfer of Shares to any transferee pursuant to the terms hereof (other than Shares transferred pursuant to an Offer Event resulting from the Insolvency of a Stockholder or the Permitted Transferor thereof) shall not be deemed to have been fully consummated until such time as the transferee executes and delivers to the Company and each of the remaining Stockholders a signed counterpart of this Agreement.
Following the Transfer of any Units under this Section 11.3, the Permitted Transferor shall not be deemed to have withdrawn as a Member and shall remain a Member and shall continue to be entitled to all rights pertaining to such Units other than the rights of an Assignee as provided under Section 11.6.
A Transfer (a “Permitted Transfer”) to a Permitted Transferee by a Stockholder (such Stockholder, the “Permitted Transferor”) shall be valid only upon execution by such Permitted Transferee of an agreement, reasonably acceptable to the Company, to be bound by and subject to the terms of this Agreement as applicable to the Permitted Transferor.