Transferee Sample Clauses
The Transferee clause defines the rights and obligations of a party who receives an interest, right, or obligation under a contract from another party, known as the transferor. In practice, this clause specifies the conditions under which a transferee may assume contractual duties or benefits, such as requiring the original party’s consent or meeting certain qualifications. Its core function is to ensure that any transfer of contractual interests is managed transparently and with appropriate safeguards, thereby protecting the interests of all parties involved and maintaining the integrity of the agreement.
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Transferee. Any person or entity to whom or which any Transfer is made.
Transferee. Any new Shareholder, who has heretofore not been a party to the Shareholders Joint Venture Agreement, who acquires his Shares pursuant to the provisions of the Shareholders Joint Venture Agreement, and who thereafter signs and becomes a Party to the Shareholders Joint Venture Agreement.
Transferee. If a transfer occurs by operation of law or contrary to this Agreement's prohibition on certain transfers, and the transferee is not a Permitted Transferee, the transferee shall not have any right to participate in the management of the business and affairs of the Company or become a Member. For purposes of voting, the Membership Interest of the transferring Member shall not be counted in determining whether votes of the Members constitute joint actions. A transferee shall only be entitled to receive the share of profits or other compensation by way of income and the return of contributions to which the transferring Member would otherwise be entitled. Additionally, the transfer shall not relieve a transferring Member of any liability hereunder.
Transferee. Transfer Date (not earlier that the fifth Business Day after the date of delivery of the Transfer Certificate to the Agent):
Transferee any actual or potential Eligible Assignee, Participant or other Person acquiring an interest in any Obligations.
Transferee. The recipient of a Transfer of Units, including a pledgee or holder of a security interest in Units.
Transferee. A party to which the Project is transferred or assigned in part or in whole under the provisions contained in Section 10.1 of this Agreement.
Transferee. A party to which the Project is transferred or assigned in part or in whole. “Assignee” shall also mean the same.
Transferee. The recipient of a Transfer of an Interest, including a pledgee or holder of a security interest in an Interest.
Transferee. Transferee" shall mean a person to whom a "Permitted Transfer" of Stock has been made pursuant to the First Amended and Restated Shareholders Agreement dated as of October 28, 1993 as amended and restated on February 13, 1995, and amended as of the date hereof, among the Employee, Systems and certain others.