Involuntary Transfer

Involuntary Transfer. Means any nonvolitional Transfer of Common Stock whatsoever and shall be deemed to occur if: 1.15.1. A Stockholder is subject to an Event of Bankruptcy. 1.15.2. A Stockholder's shares of Common Stock are to be Transferred pursuant to: (i) a divorce or separation decree, property settlement or any other form of judicially approved marital arrangement; (ii) the foreclosure of any lien or other security interest; (iii) a... judicial sale; or (iv) otherwise by operation of law. View More

Involuntary Transfer. Shall mean any Transfer (or proposed Transfer) of Company Common Stock (1) pursuant to the exercise of remedies by the secured lender under a pledge, mortgage or other encumbrance of Company Common Stock granted by a Trinity Shareholder to secure a debt or other obligation, (2) pursuant to a bankruptcy or insolvency proceeding of Trinity Shareholder, (3) pursuant to a judicial order, legal process, execution, attachment or garnishment, or (4) pursuant to the dissolution, winding-up, termination... of, or liquidating distribution by, Trinity on or before the first anniversary of this Agreement or by any other Trinity Shareholder at any time. View More

Involuntary Transfer. Means any transfer, proceeding or action by or in which a Securityholder shall be deprived or divested of any right, title, or interest in or to any of its Shares including, without limitation, any seizure under levy of attachment or execution, any transfer in connection with bankruptcy (whether pursuant to a voluntary filing or an involuntary petition under the United States Bankruptcy Code of 1978, or any modifications or revisions thereto), or other court proceeding to a debtor in... possession, trustee in bankruptcy or receiver or other officer or agency, any transfer to a state or to a public officer or agency pursuant to any statute pertaining to escheat or abandoned property, any transfer pursuant to a divorce or separation agreement or a final decree of a court in a divorce action and any merger of such Securityholder with another Person in which such Securityholder is not the survivor of such merger, including a merger in which the equity holders of such Securityholder immediately prior to such merger do not own immediately after such merger a majority stake of the survivor of such merger. View More

Involuntary Transfer. Means a Transfer that occurs pursuant to any of the following: an assignment of Option Stock for the benefit of creditors of the Optionee; a Transfer by operation of law, including, without limitation, a Transfer by will or under the laws of descent and distribution; an execution of judgment against the Option Stock or the acquisition of record or beneficial ownership of Option Stock by a lender or creditor; a Transfer pursuant to any decree of divorce,... dissolution or separate maintenance, any property settlement, any separation agreement or any other agreement with a spouse (except for estate planning purposes) under which a part or all of any Option Stock are Transferred or awarded to the spouse of the Optionee or are required to be sold; or a Transfer resulting from the filing by the Optionee of a petition for relief, or the filing of an involuntary petition against the Optionee, under the bankruptcy laws of the United States or of any other nation; View More

Involuntary Transfer. Shall mean any (a) disposition of any shares of Common Stock subject to this Agreement pursuant to or resulting from any judgment, decree, execution, levy, seizure, attachment, or similar legal process; (b) disposition pursuant to or as a result of the death of a Stockholder, whether such disposition be by will or pursuant to applicable laws of intestate succession, to any Person other than a Permitted Transferee; (c) distribution by any estate or trust or by any custodian or fiduciary to any... delegate, devisee, beneficiary or donee thereof required by the governing instrument or law, to any person other than a Permitted Transferee; (d) transfer to any receiver, trustee in bankruptcy, assignee for the benefit of creditors, or other similar person or entity; (e) involuntary liquidation of a corporate Stockholder; and (f) any other nonvoluntary disposition. View More

Involuntary Transfer. Means any transfer of Shares owned by a Stockholder or a Permitted Transferee pursuant to Section 2(b)(iv) below that results from (a) an involuntary transfer resulting from a bankruptcy or similar proceeding affecting such Stockholder; or (b) a foreclosure or similar exercise of remedies in respect of a pledge of Shares.

Involuntary Transfer. Means the involuntary transfer of any Company Securities by judicial sale, legal process, bankruptcy, operation of law, divorce decree, attachment or enforcement of a pledge, trust or other security interest or the transfer of Companies Securities to the estate of any deceased Other Stockholder.

Involuntary Transfer. Any transfer of Capital Stock owned by Shareholder that results from (a) the attachment, sequestration, garnishment or other similar involuntary transfer resulting from a bankruptcy or similar proceeding affecting Shareholder; (b) the involuntary dissolution of Shareholder; or (c) a Marital Relationship Transfer.

Involuntary Transfer. If any involuntary Transfer of any of the Subject Shares shall occur (including, but not limited to, a sale by a Stockholder's trustee in any bankruptcy, or a sale to a purchaser at any creditor's or court sale), the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Subject Shares subject to all of the restrictions, liabilities and rights under this Agreement, which shall continue in full... force and effect until valid termination of this Agreement. View More

Involuntary Transfer. Any Transfer, proceeding or action by or in which a Stockholder shall be deprived or divested of any right, title or interest in or to any of the Shares, including, without limitation, (i) any seizure under levy of attachment or execution, (ii) any Transfer in connection with bankruptcy (whether pursuant to the filing of a voluntary or an involuntary petition under the United States Bankruptcy Code of 1978, or any modifications or revisions thereto) or other court proceeding to a debtor in... possession, trustee in bankruptcy or receiver or other officer or agency, (iii) any Transfer to a state or to a public officer or agency pursuant to any statute pertaining to escheat or abandoned property, (iv) any Transfer pursuant to a divorce or separation agreement or a final decree of a court in a divorce action and (v) any Transfer resulting from the death of a Stockholder View More