Permitted Transferee definition: Copy, customize, and use instantly
Introduction
The term "Permitted Transferee" refers to an individual, entity, or organization to whom rights or obligations under a contract can be transferred, as authorized by the terms of the agreement. This term is often used to clarify who is allowed to assume contractual rights or responsibilities in the event of a transfer or assignment.
Below are various examples of how "Permitted Transferee" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Permitted Transferee" as Authorized Party
This definition ties "Permitted Transferee" to an authorized party.
"Permitted Transferee" refers to any individual, entity, or affiliate to whom rights or obligations may be transferred, provided such transfer is expressly authorized by the agreement.
Definition of "Permitted Transferee" as Approved Assignee
This definition connects "Permitted Transferee" to an approved assignee.
"Permitted Transferee" means a person or entity to whom a party may transfer its rights, duties, or obligations, subject to the approval of the other party or as specified in the agreement.
Definition of "Permitted Transferee" as Contractually Authorized Recipient
This definition links "Permitted Transferee" to a recipient authorized by the contract.
"Permitted Transferee" refers to a recipient of rights or obligations under this agreement who is explicitly authorized to receive such transfer according to the terms outlined herein.
Definition of "Permitted Transferee" as Designated Assignee
This definition ties "Permitted Transferee" to a designated assignee.
"Permitted Transferee" refers to a party designated by the original contracting party to receive the transfer of specific rights, duties, or obligations under the agreement.
Definition of "Permitted Transferee" as Successor in Interest
This definition connects "Permitted Transferee" to a successor in interest.
"Permitted Transferee" means any successor or assignee who is entitled to receive and assume the rights and obligations under the agreement, as permitted by the terms of the contract.
Definition of "Permitted Transferee" as Affiliate or Subsidiary
This definition links "Permitted Transferee" to affiliates or subsidiaries.
"Permitted Transferee" refers to any affiliate, subsidiary, or related entity to whom a party may transfer its rights or obligations under the contract, provided the transfer complies with the agreement.
Definition of "Permitted Transferee" as Authorized Third Party
This definition ties "Permitted Transferee" to an authorized third party.
"Permitted Transferee" refers to a third party that is authorized to receive rights or obligations under this agreement, either through prior written consent or as explicitly allowed by the terms.
Definition of "Permitted Transferee" as Buyer in an Acquisition
This definition connects "Permitted Transferee" to a buyer in an acquisition.
"Permitted Transferee" refers to the buyer or acquirer of the assets or equity of a party, as permitted by the terms of this agreement following a merger, acquisition, or sale.
Definition of "Permitted Transferee" as Transferee with Written Consent
This definition links "Permitted Transferee" to a transferee who requires written consent.
"Permitted Transferee" means a party to whom rights or obligations may be transferred only upon obtaining prior written consent from the other party, as specified in the agreement.
Definition of "Permitted Transferee" as Family Member
This definition ties "Permitted Transferee" to a family member.
"Permitted Transferee" refers to a family member, such as a spouse or child, to whom a party may transfer its rights and obligations under the contract, subject to any specific conditions in the agreement.
Definition of "Permitted Transferee" as Entity in Case of Bankruptcy
This definition connects "Permitted Transferee" to a party in the case of bankruptcy.
"Permitted Transferee" refers to an entity that may assume the rights and obligations under the agreement in the event of bankruptcy, liquidation, or restructuring, as provided by the agreement’s terms.
Definition of "Permitted Transferee" as Lender or Financial Institution
This definition links "Permitted Transferee" to a lender or financial institution.
"Permitted Transferee" refers to a lender or financial institution that may receive a transfer of rights or obligations under the agreement, provided the transfer complies with any applicable terms and conditions.
Definition of "Permitted Transferee" as Related Party
This definition ties "Permitted Transferee" to a related party.
"Permitted Transferee" refers to a related party, such as a parent, subsidiary, or partner, who may assume the rights and obligations under the agreement, in accordance with the terms outlined herein.
Definition of "Permitted Transferee" as Assignee in Specific Circumstances
This definition connects "Permitted Transferee" to an assignee under specific circumstances.
"Permitted Transferee" refers to an assignee to whom the agreement may be transferred under specific conditions, such as a change of control, subject to approval or other restrictions as outlined in the agreement.
Definition of "Permitted Transferee" as Transferee in Connection with Sale of Business
This definition links "Permitted Transferee" to a transferee during a business sale.
"Permitted Transferee" refers to a transferee acquiring rights or obligations in connection with the sale of all or substantially all of the assets or equity of a business, subject to the approval or consent provisions in this agreement.
Definition of "Permitted Transferee" as Non-Competing Entity
This definition ties "Permitted Transferee" to a non-competing entity.
"Permitted Transferee" refers to an entity that is not in direct competition with the original party and may receive a transfer of rights or obligations under the agreement, as authorized by the terms of the contract.
Definition of "Permitted Transferee" as Transferee with Limitation
This definition connects "Permitted Transferee" to a transferee with specific limitations.
"Permitted Transferee" refers to a transferee to whom the rights or obligations of the agreement may be transferred, but only under certain conditions or within specified limitations, as outlined in the agreement.
Definition of "Permitted Transferee" as Counterparty in Transaction
This definition links "Permitted Transferee" to a counterparty in a transaction.
"Permitted Transferee" means the counterparty to a transaction in which rights and obligations may be transferred, with all conditions met in accordance with the agreement’s provisions.
Definition of "Permitted Transferee" as Trustee or Fiduciary
This definition ties "Permitted Transferee" to a trustee or fiduciary.
"Permitted Transferee" refers to a trustee, fiduciary, or similar entity designated to assume the rights or obligations of one of the parties under the agreement, as permitted by the terms and conditions of the agreement.
Definition of "Permitted Transferee" as Authorized Assignee
This definition connects "Permitted Transferee" to an authorized assignee.
"Permitted Transferee" refers to a person or entity that is authorized by the agreement to receive rights, obligations, or both through assignment, subject to the conditions set forth in the contract.
Definition of "Permitted Transferee" as Corporate Successor
This definition ties "Permitted Transferee" to a corporate successor.
"Permitted Transferee" means a corporate successor, such as in the case of a merger or acquisition, to whom rights and obligations may be transferred under the terms of this agreement.
Definition of "Permitted Transferee" as Legal Heir
This definition links "Permitted Transferee" to a legal heir.
"Permitted Transferee" refers to a legal heir who may receive the rights and obligations of the party upon the death of the original party, subject to the agreement's transfer provisions.
Definition of "Permitted Transferee" as Transferee of Assets
This definition ties "Permitted Transferee" to a transferee of assets.
"Permitted Transferee" refers to any individual or entity to whom assets related to this agreement may be transferred, provided that such transfer is in compliance with the terms outlined in the contract.
Definition of "Permitted Transferee" as Controlled Entity
This definition connects "Permitted Transferee" to a controlled entity.
"Permitted Transferee" means an entity that is controlled by the transferring party, such as a subsidiary or affiliate, to whom rights or obligations may be assigned without restriction under this agreement.
Definition of "Permitted Transferee" as Party Approved by Both Sides
This definition links "Permitted Transferee" to an approved third party.
"Permitted Transferee" refers to a third party who has been approved by both contracting parties to receive rights or obligations under the agreement.
Definition of "Permitted Transferee" as Bankrupt Entity’s Receiver
This definition ties "Permitted Transferee" to a receiver in the event of bankruptcy.
"Permitted Transferee" refers to the receiver or trustee appointed during the bankruptcy of a party to assume the rights and obligations of that party under the agreement.
Definition of "Permitted Transferee" as Authorized Affiliate
This definition connects "Permitted Transferee" to an authorized affiliate.
"Permitted Transferee" refers to an affiliate of the contracting party who may be granted rights or obligations under this agreement, in accordance with any necessary approvals.
Definition of "Permitted Transferee" as Government Entity
This definition links "Permitted Transferee" to a government entity.
"Permitted Transferee" means a government entity to whom rights or obligations may be transferred under the agreement, with the approval of the relevant contracting authority.
Definition of "Permitted Transferee" as Transferee in Sale of Business
This definition ties "Permitted Transferee" to a transferee in the sale of a business.
"Permitted Transferee" refers to the buyer or transferee in the sale of a business, who may receive rights and obligations under the agreement as part of the transaction.
Definition of "Permitted Transferee" as Individual with Consent
This definition connects "Permitted Transferee" to an individual with prior consent.
"Permitted Transferee" refers to an individual to whom rights or obligations may be transferred, provided the transfer is authorized by written consent from the other party to the agreement.
Definition of "Permitted Transferee" as Entity in Change of Control
This definition links "Permitted Transferee" to an entity in the event of a change of control.
"Permitted Transferee" means an entity that assumes rights and obligations under the agreement in the event of a change of control of one of the parties.
Definition of "Permitted Transferee" as Wholly Owned Subsidiary
This definition ties "Permitted Transferee" to a wholly owned subsidiary.
"Permitted Transferee" refers to a subsidiary that is wholly owned by the transferring party and to whom the rights and obligations of the agreement may be assigned without restriction.
Definition of "Permitted Transferee" as Transferee in Corporate Restructuring
This definition connects "Permitted Transferee" to a corporate restructuring situation.
"Permitted Transferee" refers to a transferee who receives rights or obligations in connection with a corporate restructuring, such as a spin-off, consolidation, or reorganization.
Definition of "Permitted Transferee" as Partner or Joint Venture Member
This definition links "Permitted Transferee" to a business partner or joint venture member.
"Permitted Transferee" refers to a partner or joint venture member who may receive rights or obligations under the agreement as part of a business arrangement between the parties.
Definition of "Permitted Transferee" as Client or Customer
This definition ties "Permitted Transferee" to a client or customer.
"Permitted Transferee" refers to a client or customer to whom rights or obligations may be transferred as part of a service agreement, provided all conditions are met under the contract.
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