Eligible Transferee Clause Samples
The 'Eligible Transferee' clause defines the specific parties or entities to whom a party may transfer its rights or obligations under an agreement. Typically, this clause outlines criteria such as financial stability, regulatory status, or relationship to the original party (for example, affiliates or subsidiaries) that a transferee must meet to be considered eligible. By setting these requirements, the clause ensures that any transfer of contractual interests does not introduce undue risk or uncertainty, thereby protecting the interests of the non-transferring party and maintaining the integrity of the agreement.
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Eligible Transferee. A person or entity who meets the applicable Eligibility Requirements and meets the conditions set for in Section 6.2(a)-(e)
Eligible Transferee. (a) a Lender, an Affiliate of any Lender or a pledgee or funding source of a Lender and (b) any other Person (other than a natural person) that is at the time of such assignment (1) a commercial bank organized under the laws of the United States of America or any state thereof, having combined capital and surplus in excess of $500,000,000, or (2) a commercial bank organized under the laws of any other country that is a member of the Organization of Economic Cooperation and Development, or a political subdivision of any such country, having combined capital and surplus in excess of $500,000,000, or (3) a finance company, insurance company or other financial institution which in the ordinary course of business extends credit of the type extended hereunder and that has total assets in excess of $500,000,000.
Eligible Transferee. (a) a commercial bank organized under the laws of the United States, or any state thereof, and having total assets in excess of $250,000,000, (b) a commercial bank organized under the laws of any other country which is a member of the Organization for Economic Cooperation and Development or a political subdivision of any such country and which has total assets in excess of $250,000,000, provided that such bank is acting through a branch or agency located in the United States, or (c) a finance company, insurance company, or other financial institution or fund that is engaged in making, purchasing, or otherwise investing in commercial loans in the ordinary course of its business and having (together with its Affiliates) total assets in excess of $250,000,000. Environmental Laws: any and all present and future Federal, state and local laws, rules or regulations, and any orders or decrees, in each case as now or hereafter in effect, relating to the regulation or protection of human health, safety or the environment or to emissions, discharges, releases or threatened releases of pollutants, contaminants, chemicals or toxic or hazardous substances or wastes into the indoor or outdoor environment, including, without limitation, ambient air, soil, surface water, ground water, wetlands, land or subsurface strata, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, chemicals or toxic or hazardous substances or wastes.
Eligible Transferee. An eligible transferee is one who meets the eligi- bility requirements of this subpart and includes situations involving transfers of housing in an area that has ceased to be rural. Loans made and ▇▇▇▇▇▇- ▇▇▇▇ under this subpart prior to March 29, 1989, may be transferred to an appli- cant meeting all eligibility require- ments of this subpart except the appli- cant’s adjusted annual income may ex- ceed the maximum income for the area by not more than 10 percent.
Eligible Transferee. Buyer has no Knowledge of any legitimate reason for DHSS to deny the Transfer of License Change Request. To the actual Knowledge of Buyer, each natural person, whether directly or indirectly, who is an “Owner” of ▇▇▇▇▇ has not been convicted of, has not pleaded guilty to and otherwise does not have a “disqualifying felony offense” as defined under Article XIV of the Missouri Constitution and the rules and regulations promulgated thereunder by DHSS. For purposes of this Section 4.06, the term “Owner” means an individual or other entity having a financial or voting interest in ten percent or greater of a medical or marijuana facility license.
Eligible Transferee. The term "Eligible Transferee" shall mean a Person which either (a) is a Lender, or (b) is consented to as an Eligible Transferee by Agent and, so long as no Event of Default is continuing, by Borrower, which consents in each case will not be unreasonably withheld (provided that no Person organized outside the United States may be an Eligible Transferee if Borrower would be required to pay withholding taxes on interest or principal owed to such Person).
Eligible Transferee. 8.10 Funding ....................................................
Eligible Transferee. Such consideration shall be distributed promptly to such Holder pursuant to the transfer instructions set forth on Schedule B attached hereto.
Eligible Transferee. Clauses (c) and (d) of the definition of “Eligible Transferee” shall be amended and restated in their entirety to read in full as follows:
Eligible Transferee. The definition of “Eligible Transferee” set forth in Section 1.69 of the Loan Agreement is hereby deleted in its entirety and replaced with the following: