Qualified Transferee: Copy, customize, and use instantly
Introduction
The term "Qualified Transferee" refers to an individual or entity that meets specific criteria set out in legal agreements, often related to the transfer of assets, securities, or obligations. In many cases, a "Qualified Transferee" must meet certain financial, regulatory, or other requirements to ensure they are eligible to assume rights or obligations.
Below are examples of how this term is used in various contexts. You can copy and adapt any example that fits your needs.
Definition of "Qualified Transferee" in a contract
A "Qualified Transferee" is someone who meets the specified criteria to assume the contractual rights or obligations.
The Borrower may transfer its rights under this agreement to a "Qualified Transferee" who meets the financial standards outlined in Exhibit A.
Definition of "Qualified Transferee" in securities transactions
In the context of securities, a "Qualified Transferee" is an investor who satisfies the regulatory requirements for holding specific securities.
Only a "Qualified Transferee" is eligible to purchase the restricted securities under this agreement.
Definition of "Qualified Transferee" in the transfer of debt
A "Qualified Transferee" is an entity that has the financial capacity to assume the debt obligations.
The Lender may assign its debt to a "Qualified Transferee" with the necessary creditworthiness.
Definition of "Qualified Transferee" in real estate transactions
In real estate deals, a "Qualified Transferee" is a person or entity that meets the legal requirements for acquiring a property.
The seller will only transfer the property to a "Qualified Transferee" who complies with local zoning regulations.
Definition of "Qualified Transferee" in the sale of shares
A "Qualified Transferee" is a buyer who satisfies certain conditions required to purchase shares or stock.
The shareholder agreement requires that any sale of shares must be to a "Qualified Transferee" who has been approved by the board.
Definition of "Qualified Transferee" in loan agreements
In loan agreements, a "Qualified Transferee" is typically a party who can legally assume the loan obligations.
The Borrower shall not transfer its loan obligations to any third party unless the third party is a "Qualified Transferee".
Definition of "Qualified Transferee" in the transfer of intellectual property
When transferring intellectual property, a "Qualified Transferee" is an entity that meets specific requirements to hold intellectual property rights.
The intellectual property rights are transferable only to a "Qualified Transferee" who agrees to abide by the terms of this agreement.
Definition of "Qualified Transferee" in mergers and acquisitions
In M&A transactions, a "Qualified Transferee" refers to an entity that meets the criteria for acquiring another company.
The Company will only consider a merger proposal from a "Qualified Transferee" with sufficient resources and experience.
Definition of "Qualified Transferee" in partnership agreements
In a partnership agreement, a "Qualified Transferee" is someone who meets the criteria for becoming a partner.
Any transfer of partnership interests must be made to a "Qualified Transferee" as defined in Section 4.3.
Definition of "Qualified Transferee" in franchise agreements
Franchise agreements may specify that a "Qualified Transferee" is necessary to take over the franchise rights.
A new franchisee can only acquire the franchise if they are a "Qualified Transferee" with the required financial backing.
Definition of "Qualified Transferee" in investment agreements
In investment agreements, a "Qualified Transferee" refers to a person who qualifies to receive an investment under specific conditions.
The transfer of interest in this investment will be permitted only to a "Qualified Transferee".
Definition of "Qualified Transferee" in regulatory compliance
In regulatory compliance, a "Qualified Transferee" refers to an entity that meets the specific legal or regulatory qualifications for asset transfer.
Under the regulatory framework, the asset can only be transferred to a "Qualified Transferee" who satisfies the relevant compliance requirements.
Definition of "Qualified Transferee" in loan syndication
In syndicated loan agreements, the "Qualified Transferee" is a member of the syndicate who meets specific criteria for holding or purchasing portions of the loan.
The transfer of loan interests in this syndicate will be restricted to "Qualified Transferee"s who meet the lender’s financial requirements.
Definition of "Qualified Transferee" in the assignment of rights
A "Qualified Transferee" is a party that is allowed to assume rights under a legal contract due to meeting the relevant requirements.
The rights under this agreement are assignable only to a "Qualified Transferee" who meets the necessary qualifications.
Definition of "Qualified Transferee" in lease agreements
In lease agreements, a "Qualified Transferee" is a person or entity that is eligible to assume the lease terms.
The lease will only be assigned to a "Qualified Transferee" who meets the financial and operational criteria specified.
Definition of "Qualified Transferee" in environmental regulations
A "Qualified Transferee" may refer to an entity capable of assuming environmental liabilities and obligations.
Any environmental remediation rights or obligations may only be transferred to a "Qualified Transferee" who meets the regulatory qualifications.
Definition of "Qualified Transferee" in securities law
In securities law, a "Qualified Transferee" is typically an institutional investor or entity with sufficient knowledge and resources to handle complex securities transactions.
This security may only be transferred to a "Qualified Transferee" under Section 144A of the Securities Act.
Definition of "Qualified Transferee" in credit agreements
In credit agreements, the "Qualified Transferee" is a party eligible to assume credit or lending obligations.
The Borrower is prohibited from transferring any rights under the credit agreement to a non-"Qualified Transferee".
Definition of "Qualified Transferee" in capital markets
In capital markets, a "Qualified Transferee" may be a financial institution authorized to acquire or hold certain types of securities.
Only a "Qualified Transferee" with the proper licensing and financial standing can purchase these capital market instruments.
Definition of "Qualified Transferee" in debt restructuring
In debt restructuring, a "Qualified Transferee" refers to a party that meets the qualifications to assume restructured debt.
The debt will be assigned only to a "Qualified Transferee", with approval from the creditors' committee.
Definition of "Qualified Transferee" in trust agreements
In trust agreements, the "Qualified Transferee" is an individual or entity that qualifies to receive trust assets or obligations.
The assets held in this trust can only be transferred to a "Qualified Transferee" as defined in the trust instrument.
Definition of "Qualified Transferee" in pension plan transfer
A "Qualified Transferee" refers to an entity or individual that is authorized to receive the benefits under a pension plan transfer.
The pension plan benefits can only be transferred to a "Qualified Transferee" under the provisions of the plan.
Definition of "Qualified Transferee" in investment funds
In investment funds, the "Qualified Transferee" is a party that meets the regulatory qualifications for taking over a fund investment.
The investment fund is open for transfer only to "Qualified Transferee"s who meet the required accreditation standards.
Definition of "Qualified Transferee" in limited liability companies (LLCs)
In LLCs, a "Qualified Transferee" is a party that can acquire membership interests in the LLC.
The transfer of LLC interests must be to a "Qualified Transferee" as defined in the operating agreement.
Definition of "Qualified Transferee" in insurance policies
For insurance policies, a "Qualified Transferee" is an individual or entity that meets the eligibility criteria to assume the policy's benefits or obligations.
The insurance policy will be transferred only to a "Qualified Transferee" who satisfies the underwriting guidelines.
Definition of "Qualified Transferee" in asset-backed securities
For asset-backed securities, a "Qualified Transferee" is an entity authorized to acquire the securities under specific legal conditions.
These asset-backed securities may only be sold to a "Qualified Transferee", as defined under the relevant legal framework.
Definition of "Qualified Transferee" in venture capital
In venture capital transactions, the "Qualified Transferee" is an investor who meets the criteria to take over investment rights or ownership.
The shares in the venture capital fund can only be transferred to a "Qualified Transferee" under the terms outlined in the investment agreement.
Definition of "Qualified Transferee" in private equity
In private equity transactions, the "Qualified Transferee" refers to a buyer who is financially capable and authorized to acquire equity interests.
The transfer of equity interests in this private equity fund will be made only to a "Qualified Transferee" who meets the investor eligibility requirements.
Definition of "Qualified Transferee" in loan agreements
In loan agreements, a "Qualified Transferee" is an individual or entity capable of assuming the loan’s terms and conditions.
Any assignment of loan rights must be made to a "Qualified Transferee" that is acceptable to the lender.
Definition of "Qualified Transferee" in franchise transfers
In franchise agreements, a "Qualified Transferee" refers to a party who meets the legal, financial, and operational requirements to take over a franchise.
The franchisee may transfer the business to a "Qualified Transferee" after receiving written consent from the franchisor.
Definition of "Qualified Transferee" in secured transactions
In secured transactions, the "Qualified Transferee" is an individual or institution that is authorized to assume the rights to collateral or security interests.
The collateral may be transferred only to a "Qualified Transferee", as defined by the secured party’s agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.