Purported Transferee definition

Purported Transferee means the purported transferee of a Prohibited Transfer.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Purported Transferee means, with respect to any purported Transfer which results in a violation of subparagraph B(4)(b) of this Article IV, the purported beneficial transferee or owner for whom the Purported Record Transferee would have acquired or owned shares of Common Stock, if such Transfer had been valid under such subparagraph.

Purported Transferee means, with respect to any purported Transfer which results in Excess Stock, the purported beneficial transferee for whom the shares of Regular Capital Stock would have been acquired if such Transfer had been valid under Item (ii) of this Subsection (d) of this Section 2 of this Article III.

Examples of Purported Transferee in a sentence

• The Purported Transferee of Excess Securities shall have no claim, cause of action or any other recourse whatsoever against any transferor of Excess Securities.

• The recourse of any Purported Transferee in respect of any Prohibited Transfer shall be limited to the amount payable to the Purported Transferee pursuant to clause (B) of the preceding sentence.

• The Purported Transferee’s sole right with respect to such shares shall be limited to the amount payable to the Purported Transferee pursuant to this Article 13.F. In no event shall the proceeds of any sale of Excess Securities pursuant to this Article 13.F inure to the benefit of the Corporation or the Agent, except to the extent used to cover costs and expenses incurred by the Agent in performing its duties hereunder.

• It is widely practiced in many different forms, and many different terms are used to point more or less at the same phenomenon, that is, a placement of an individual child, which keeps him in isolation from the other children within an institution and which excludes him from taking part in daily activities and having contact with the outside world (cf.

• Until the Excess Securities are acquired by another Person in a Transfer that is not a Prohibited Transfer, the Purported Transferee shall not be entitled with respect to such Excess Securities to any rights of stockholders of the Corporation, including, without limitation, the right to vote such Excess Securities and to receive dividends or distributions, whether liquidating or otherwise, in respect thereof, if any.

More Definitions of Purported Transferee

Purported Transferee has the meaning set forth in Section 4.9(d).

Purported Transferee means, with respect to any Prohibited Transfer, the intended transferee in such Prohibited Transfer.

Purported Transferee means, with respect to any purported Transfer which results in Excess Securities, the purported transferee who would have acquired shares of Capital Stock, if such Transfer had been valid under Section 2 of this Article XI.

Purported Transferee means a Person or Public Group who acquires Ownership of Excess Stock in a Prohibited Transfer or, except as otherwise provided in the Restrictions, any subsequent transferee of such Excess Stock.

Purported Transferee has the meaning set forth in Article 13.D.

Purported Transferee means any purported transferee of a Prohibited Transfer.

Purported Transferee has the meaning set forth in Part IV of this Article XIV.