Permitted Transferee

Permitted Transferee. Shall mean the Affiliates of the Holder.

Permitted Transferee. Shall mean any Person to whom a Permitted Transfer of Shares is made, but only with regard to the Shares which were the subject of a Permitted Transfer.

Permitted Transferee. The spouse and issue of Charles or Burt or a trust established for the benefit of such spouse or issue, and a private foundation formed by Charles or Burt which qualifies as charitable organization as defined in Section 501(c)(3) of the Internal Revenue Code of 1986 and a partnership or limited liability company controlled by Charles or Burt. 5

Permitted Transferee. With respect to any Qualified Holder, means any other Qualified Holder; (i) any member of an individual Qualified Holder's family (including ancestors, descendants and siblings) or any trust primarily for the benefit of an individual Qualified Holder or the benefit of any member of an individual Qualified Holder's family; (ii) any transferee pursuant to a testamentary disposition upon the death of an individual Qualified Holder;... (iii) any spouse or former spouse of a Qualified Holder pursuant to an agreement for division of community property or other property settlement agreement in the event of a marital dissolution or legal separation; (iv) any successor in interest upon the sale of all assets or the merger, consolidation or dissolution of any Qualified Holder that is itself a partnership, limited liability company or corporation; (v) to any entity that controls, is controlled by or is under common control with a Qualified Holder that is a partnership, limited liability company or corporation; (vi) by court order to any trustee, receiver or creditor upon the bankruptcy of a Qualified Holder; 4 (vii) to any guardian or conservator appointed by court order upon an adjudication of incompetency of an individual Qualified Holder; (viii) any successor trustees or fiduciaries of any trust that is a Qualified Holder; or (ix) one or more of the partners of a partnership or members of a limited liability company that, in either case, is a Qualified Holder, upon distribution in kind of such Qualified Holder's shares of Charys Common Stock to such partner(s) or member(s). View More

Permitted Transferee. Means: (a) any Affiliate (including any partner) of any Investor to whom an Investor or another Affiliate of the Investor or any other Investor who is a member of the same Group Transfers Current Preferred Shares or Converted Shares; (b) any other Person to whom an Investor or an Affiliate of the Investor or any other Investor who is a member of the same Group Transfers Current Preferred Shares or Converted Shares with the prior written consent ... of the Board of Directors; and (c) any Person to whom a transferee described in clause (b) Transfers Current Preferred Shares or Converted Shares with the prior written consent of the Board of -2- Directors. In no event shall any Person who acquires Converted Shares pursuant to a Rule 144 Sale or an offering registered under the Securities Act be considered a Permitted Transferee. No Transfer otherwise permissible shall be effective unless the transferee agrees in writing expressly for the Company's benefit to be bound by the provisions of this Agreement, and in this event, the transferor shall not be liable for the transferee's performance of its obligations under this Agreement. View More

Permitted Transferee. Any person (1) who is an "accredited investor" as defined in Regulation D under the 1933 Act, and (2) who, immediately following the assignment of rights under this Agreement holds (x) at least 50,000 shares of Common Stock or (y) Warrants which at the time of such transfer are exercisable for at least 50,000 shares of Common Stock, or any combination thereof (the 50,000 share amounts referred to in this definition being subject to equitable adjustment from time to time on terms reasonably... acceptable to the Majority Holders for (i) stock splits, (ii) stock dividends, (iii) combinations, (iv) capital reorganizations, (v) issuance to all holders of Common Stock of rights or warrants to purchase shares of Common Stock and (vi) similar events relating to the Common Stock, in each such case which occur on or after the Closing Date). View More

Permitted Transferee. Shall mean any person to whom the Call Option has been transferred in accordance with Section 7(b) hereof. A Permitted Transferee shall be treated as Optionee for all purposes under this Agreement.

Permitted Transferee. An individual to whom the Put Option and the Optioned Units to which the Put Option relates have been transferred in accordance with Section 7(b) hereof. A Permitted Transferee shall be treated as Optionee for all purposes under this Agreement.

Permitted Transferee. Shall have the meaning set forth in the Surviving Shareholders Agreement.

Permitted Transferee. Means any person to whom Charterhouse may transfer the Debentures or the Converted Shares pursuant to Section 4.2 provided that such Debentures or Converted Shares are transferred in a transaction that is not registered pursuant to the Securities Act.