Proposing Transferor definition

Proposing Transferor means an Initial Member which intends to Transfer its Units in accordance with the provisions of Section 8.2(a).

Proposing Transferor a Shareholder proposing to transfer or dispose of all of its Joint Venture Interest;

Proposing Transferor means a Shareholder that proposes to Dispose of any Shares held by it;

Examples of Proposing Transferor in a sentence

• If the acceptance notices received do not contain sufficient acceptances to enable the purchase of all of the Sale Shares (or if no acceptance notices are received), the Proposing Transferor is not bound to sell any of the Sale Shares to the ROFR Offerees, and clause 6.13 will apply.

• A Shareholder proposing to sell or otherwise transfer any Shares (Proposing Transferor) must give written notice to the Board specifying the Shares to be sold and a price at which the Shares are for sale (Transfer Notice).

• If a Proposing Transferor defaults in transferring any Sale Shares in accordance with this clause 6, the Company may execute a transfer of the relevant Shares on behalf of the Proposing Transferor.

• After receipt of acceptance notices from all ROFR Offerees or after the expiry of the date specified in the Board’s notice given under clause 6.5c (whichever is the earlier), the Board must within 7 days send to the Proposing Transferor copies of all acceptance notices received or notify the Proposing Transferor that no acceptance notices have been received.

• Settlement of the sale and purchase of the Sale Shares must take place within 30 days after the Proposing Transferor becomes bound to sell the Sale Shares under clause 6.8 (or on any other date agreed by the parties).

More Definitions of Proposing Transferor

Proposing Transferor has the meaning set out in Clause 7.4.2 (Right of first offer);

Proposing Transferor means any person proposing or required to transfer any shares in the capital of the Company but excluding any transfer that constitutes a Permitted Transfer;

Proposing Transferor has the meaning provided for in section 7.2(a);

Proposing Transferor a Partner or its personal representative proposing to transfer or dispose of all or any portion of an Interest in the Company;

Proposing Transferor means an Ordinary Holder or Preferred Holder which proposes to dispose of any shares in the capital of the Company;

Proposing Transferor has the meaning given in clause 11.1;

Proposing Transferor. ("YOTEI JOTONIN")" shall have the meaning prescribed to it under CLAUSE 10.5.