Specified Transferee definition
Examples of Specified Transferee in a sentence
Any Transfer by the undersigned or a Specified Transferee of Newco Securities to a charitable organization or foundation without consideration shall not be deemed to be a Transfer by the undersigned.
For the avoidance of doubt, Transfers of Units to a Specified Transferee of a Member shall not be subject t o Section 5.2, 5.4 or 5.7.
Notwithstanding anything to the contrary in Section 2, a Stockholder may Transfer all or a portion of such Stockholder’s Capital Stock (i) to the Corporation, (ii) to a Specified Transferee, or (iii) as permitted by Sections 4, 5 and 6.
Prior to an Initial Public Offering, the registration rights of any Initial Member with respect to Registrable Securities may be Transferred to any Specified Transferee of such Member or any other Person who has been admitted to the Company as a Member and has complied with Section 5.7(a) of the Agreement (a “Permitted Transferee”).
At the Closing, the Company will transfer to the Specified Designee at the Closing good and valid title to all of the Acquired Intellectual Property and all of the Acquired Software, and the Company or SWV will transfer to the Specified Designee or the SWV Specified Transferee, respectively, good and valid title to all of the other Acquired Assets other than the Specified Subsidiary Acquired Assets, in each case free and clear of all Liens except for the Permitted Encumbrances.
The Company shall have made arrangements satisfactory to Purchaser for the continued occupation by the SWV Specified Transferee of the Miami office space currently occupied by SWV.
For the avoidance of doubt: following an IPO, any Subsequent Transferee who is a Specified Transferee shall be required to enter into an Accession Agreement with respect to the Voting Covenant only.
The obligations of the Company or SWV assumed by the Specified Designee or the SWV Specified Transferee pursuant to this Section 2.3 are referred to herein as the "ASSUMED OBLIGATIONS".