Bona Fide Transfer Clause Samples
A Bona Fide Transfer clause defines the conditions under which a party may transfer its rights or interests under an agreement to another party in good faith. Typically, this clause requires that any transfer be genuine, not intended to circumvent contractual obligations, and may specify that the transferee must meet certain qualifications or obtain prior consent. Its core function is to ensure that transfers are legitimate and transparent, thereby preventing parties from using transfers to avoid responsibilities or undermine the agreement's intent.
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Bona Fide Transfer. If the Company determines that the information provided by the Optionee in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company shall give the Optionee written notice of the Optionee's failure to comply with the procedure described in this Section 12, and the Optionee shall have no right to transfer the Transfer Shares without first complying with the procedure described in this Section 12. The Optionee shall not be permitted to transfer the Transfer Shares if the proposed transfer is not bona fide.
Bona Fide Transfer. If the Company determines that the information provided by the Participant in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company shall give the Participant written notice of the Participant’s failure to comply with the procedure described in this Section 11, and the Participant shall have no right to transfer the Transfer Shares without first complying with the procedure described in this Section 11. The Participant shall not be permitted to transfer the Transfer Shares if the proposed transfer is not bona fide.
Bona Fide Transfer. If the Company determines that the information provided by the CEO in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company shall give the CEO written notice of the CEO’s failure to comply with the procedure described in this Section 4, and the CEO shall have no right to transfer the Transfer Shares without first complying with the procedure described in this Section 4. The CEO shall not be permitted to transfer the Transfer Shares if the proposed transfer is not bona fide.
Bona Fide Transfer. If the Company determines that the information provided by the Holder in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company shall give the Holder written notice of the Holder’s failure to comply with the procedure described in this Section 12, and the Holder shall have no right to transfer the Shares without first complying with the procedure described in this Section 12. The Holder shall not be permitted to transfer the Shares if the proposed transfer is not bona fide.
Bona Fide Transfer. Within ten (10) days after receipt of the Sale Notice, the Company shall determine the bona fide nature of the proposed voluntary transfer and give the Optionee written notice of the Company's determination. If the proposed transfer is deemed not to be bona fide, the Optionee shall be responsible for providing additional information to the Company to show the bona fide nature of the proposed transfer. The Company shall have the right to demand further assurances from the Optionee and the Proposed Transferee (in a form satisfactory to the Company) that the Sale Notice fully and accurately sets forth all of the terms and conditions of the proposed transfer, including, without limitation, assurance that the Sale Notice fully and accurately sets forth the consideration actually to be paid for the Shares and all transactions, directly or indirectly, between the parties which may have affected the price the Proposed Transferee was willing to pay for the Shares.
Bona Fide Transfer. If the Company determines that the information provided by the Optionee in the Transfer Notice is insufficient to establish the bona fide nature of
Bona Fide Transfer. If the Company determines that the information provided by the Grantee in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company shall give the Grantee written notice of the Grantee’s failure to comply with the procedure described in this Section 4, and the Grantee shall have no right to transfer the Shares without first complying with the procedure described in this Section 4. The Grantee shall not be permitted to transfer the Shares if the proposed transfer is not bona fide.
Bona Fide Transfer. In the event that the Company determines that the information provided by Purchaser in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company will give Purchaser written notice of Purchaser's failure to comply with the procedure described in this Section 3 and Purchaser will have no right to transfer the Transfer Shares without first complying with the procedure described in this Section 3.
Bona Fide Transfer. In the event that the Company shall determine that the information provided by the Optionee in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company shall give the Optionee written