Transferring Owner definition

Transferring Owner is defined in Section 4.2(a).
Sample 1Sample 2Sample 3
Transferring Owner as defined in subsection 2.1.
Sample 1Sample 2
Transferring Owner means an Equity Owner who desires to make, or makes, a Transfer.
Sample 1

Examples of Transferring Owner in a sentence

  • If the Partnership submits a ROFO Response within the ROFO Review Period, the Partnership and the Transferring Owner shall negotiate, in good faith, the terms of the purchase and sale of the ROFO Assets for 60 days following the receipt of the ROFO Response (the “ROFO Negotiation Period”) by the Transferring Owner.

  • The Partnership shall have 60 days following receipt of the ROFO Notice (the “ROFO Review Period”) to propose an offer to enter into the Proposed Transaction with the Transferring Owner (the “ROFO Response”).

  • The ROFO Notice shall include any material terms, conditions and details that would be necessary for the Partnership to make a responsive offer to enter into the Proposed Transaction with such Transferring Owner, which terms, conditions and details shall at a minimum include any terms, conditions or details that such Transferring Owner would propose to provide to non-Affiliates in connection with the Proposed Transaction.

  • The number of Owner Shares which each Tag Along Owner may elect to add to the Proposed Transfer shall be determined in accordance with the following formula: (i) the Initial Shares, times (ii) a fraction the numerator of which is the total of the Owners Shares owned by such Tag Along Owner, and the denominator of which is the total Owner Shares owned by the Transferring Owner.

  • The provisions of Section 3.1 and Section 3.2 shall not apply to a Transfer of Equity Interests by an Owner to an Affiliate of such Owner; provided that a Transferring Owner shall provide the other Owners with sixty (60) days prior written notice of a Transfer to an Affiliate and the Transferring Owner shall pay any applicable transfer taxes (if any).

  • An election shall be made by all of the Owners, including the Transferring Owner and the purchasing Owner, pursuant to Code Section 1377(a)(2) to treat the Owners as though the taxable year of the Entity during which a Transfer occurs consisted of two (2) taxable years, the first of which ended on the Effective Date of Transfer.

  • The Seller's option under this Section 6,18(f) shall be exercisable by a written notice to the Transferring Owner (which notice shall be irrevocable and binding on the Seller), given no later than fifteen (15) days from the date of the Transferor's Notice.

  • If such Transfer by the Transferring Owner is not consummated within such 180-day period, then the provisions of Article V shall be applicable again to such Transfer.

  • The Transferring Owner shall indemnify and hold harmless the other Owners with respect to the Transferring Owner’s pro rata share of the tax liabilities that may have accrued during the time that the Transferring Owner held Interests.

  • The compensation of the Owners paid by the Entity or any Affiliate shall not increase, save a cost-of-living adjustment utilizing the Consumer Price Index for All Urban Consumers issued by the United States Department of Labor Bureau of Labor Statistics, without the advance written consent of the Transferring Owner or his Representatives.


More Definitions of Transferring Owner

Transferring Owner. Shall have the meaning given to such term in Section 5.03(a).
Sample 1
Transferring Owner means any Owner who is Transferring Interests.
Sample 1
Transferring Owner has the meaning ascribed thereto in Section 16.02(a).
Sample 1

Related to Transferring Owner

  • Transferring Member has the meaning set forth in Section 9.4.

  • Transferring Party has the meaning given such term in Section 5.2(b).

  • Transferring Shareholder has the meaning set out in Section 6.1; and

  • Transferring Stockholder has the meaning assigned to such term in Section 3.4(a).

  • Existing Owner means a Person who is the beneficial owner of Notes; provided, however, that for purposes of conducting an Auction, the Auction Agent may consider a Broker-Dealer acting on behalf of its customer as an Existing Owner.

  • Disposing Member is defined in Section 4.1.

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Building Owner means the owner of record of a building. In the case of a building held in cooperative or condominium form of ownership, the term “Building Owner” shall refer to the board of managers, board of directors, homeowners association, or other representative body of the jointly-owned building with authority to make decisions about building assessments and alterations.

  • Proposed Transferee has the meaning set forth in Section 2.4(a).

  • Transferring Employee means an employee at the airport who timely transfers to the regional authority by the transfer date.

  • Purchasing Member means a municipal utility which purchases electricity from a municipal electric cooperative association of which it is a member.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Qualifying Owners means GIP and its Subsidiaries.

  • Participating member means a member who is required to make mandatory contributions by the applicable retirement act to his or her health reimbursement account.

  • Bona fide member means an individual who participates in activities of a qualified organization

  • Founding Member means any individual who is either:

  • Tendering Partner shall have the meaning set forth in Section 8.6.A.

  • Transfer Shares has the meaning ascribed to such term in Section 6.2(a)

  • Transferring applicant means a person transferring from another health insurer.

  • Record shareholder means the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with a corporation.

  • Other Member means a Voting Member who is not an Eligible Account Holder or a Supplemental Eligible Account Holder.

  • Tag or “RFID tag” means the unique identification number or Radio Frequency Identification (RFID) issued to a licensee by the agency for tracking, identifying and verifying marihuana plants, marihuana products, and packages of marihuana product in the statewide monitoring system.

  • Transferring Employees means employees of the Incumbent Contractor who are wholly or mainly assigned to work in the provision of the Service and who are subject of a Relevant Transfer to the Contractor by virtue of the application of the TUPE Regulations.

  • Controlling ownership interested means ownership of or entitlement to more than twenty five percent of shares or capital or profits of the Company;

  • Participating Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states properly authorized to enter into a Participating Addendum, that has executed a Participating Addendum.