Examples of Proposed Transferor in a sentence
If Manager consents to the Transfer, the Transfer may occur on those terms reached in the agreement between the Proposed Transferee and Proposed Transferor.
If the Proposed Transferee is a related Person or Affiliate of the Proposed Transferor, Manager may in its discretion consent to the Transfer after due consideration of the interests of the Company and applicable securities laws.
The Proposed Transferor shall provide written notice to the Entrepreneur Members of its intent to effect the Transfer.
The Notice of Intent to Transfer will include the following information: (i) the name of the Proposed Transferor; (ii) the name and address of the proposed transferee who will acquire an interest in the Company (a “Proposed Transferee”); (iii) whether the proposed transferee is a related Person or Affiliate of the Proposed Transferor; (iv) whether the proposed transferee is an Accredited Investor; and (v) the amount of the Proposed Transferor’s interest in the Company that will be transferred.
At such closing the Proposed Transferor shall deliver the Option Units to the Company and/or the Purchasing Members, as the case may be, free and clear of any and all Liens (except this Agreement) pursuant to such instrument or instruments as may be necessary or appropriate for such purpose, and the Company and/or the Purchasing Members, as applicable, shall pay to the Proposed Transferor the Purchase Price with respect to the Options Units redeemed or purchased, as applicable, by such Person.