Required Transfer definition
Examples of Required Transfer in a sentence
Such notice shall be accompanied by (A) a written offer from the proposed Transferee to purchase all the Company Shares or Bank Shares owned by the Companies and the Shareholders, and (B) copies of all transaction documents relating to the Required Transfer.
The Company shall within five (5) Business Days after receipt of the Required Transfer Documents, transfer this Purchase Warrant on the books of the Company and shall execute and deliver a new Purchase Warrant or Purchase Warrants of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Shares purchasable hereunder or such portion of such number as shall be contemplated by any such assignment.
Notwithstanding anything contained in this Section 11.4 to the contrary, any obligation of any Party to the other Party under this Agreement, which obligation is performed, satisfied or fulfilled completely by an Affiliate of such first Party, other than as a result of a Required Transfer or a Permitted Transfer, shall be deemed to have been performed, satisfied or fulfilled by such Party.
The Supplier shall procure that the [*** PCSPS Actuary ***] is notified of Required Transfer Amount One, and any appropriate underlying methodology, within three (3) months of the Transfer Option Deadline.
If the Customer’s Actuary and the Supplier’s Actuary fail to agree Required Transfer Amount Two in accordance with paragraph 14.5 above, paragraph 15 of this schedule shall apply.
The Customer shall procure that, within four (4) weeks of having been notified of Required Transfer Amount Two, the Customer’s Actuary verifies such calculation or sets out in writing to the Supplier’s Actuary his reasons for not verifying such calculation.
At such closing, such Principal, Rollover Holdco and such Rollover Holdco Member shall execute and deliver the Required Transfer Documentation against receipt of the purchase price therefor.
The Supplier shall use all reasonable endeavours to procure that the Customer’s Actuary is notified of Required Transfer Amount Two, and any appropriate underlying methodology, within three (3) months of the Transfer Option Deadline.
The Customer shall procure that, within four (4) weeks of having been notified of Required Transfer Amount One, the [*** PCSPS Actuary ***] verifies such calculation or sets out in writing to the Supplier’s Actuary his reasons for not verifying such calculation.
Where this paragraph 14.5 applies, the Customer and the Supplier shall, as appropriate, procure that the Customer’s Actuary and the Supplier’s Actuary work together to agree Required Transfer Amount Two within a period agreed to be reasonable by the Customer’s Actuary and the Supplier’s Actuary.