Examples of Transferor Group in a sentence
You have advised us that the Transferor Group desires to consolidate the activities of Vaxcel and Zynaxis, including the development of technologies.
If there is any conflict between the terms of this Scheme and the RMIS Scheme, this Scheme shall prevail in relation to the Transferring Policies (and as between the Transferor and the Transferee and as between any Transferor Group company and any Transferee Group company).
BY CYTRX CORPORATION, THE ZYNAXIS SHAREHOLDERS AND THE ZYNAXIS NOTEHOLDERS Gentlemen: We have acted as counsel to CytRx Corporation ("CytRx") and Vaxcel, Inc., a wholly-owned subsidiary of CytRx ("Vaxcel"), in connection with the transfer of property to Vaxcel by a group of transferors (collectively, the "Transferor Group," and individually a "Transferor") in exchange for Vaxcel Common Stock and warrants to purchase Vaxcel Common Stock (the "Exchange").
With your consent, we have also assumed that the following statements are true on the date hereof and will be true on the date the proposed transaction is consummated: (1) The property being transferred by the Transferor Group to Vaxcel in the Exchange consists of (i) the Senior Secured Credit Facility, (ii) the Cash Payment, (iii) Zynaxis Capital Stock, and (iv) the Notes.
The Transferor Group consists of (i) CytRx, (ii) the existing shareholders of Zynaxis (the "Zynaxis Shareholders"), and (iii) Euclid Partners III, L.P. and S.R. ONE, Ltd.