Glossary entry (derived from question below)
English term or phrase:
voting rights in the transferee
English answer:
voting rights conferred to the transferee
Added to glossary by
Wilsonn Perez Reyes
Mar 10, 2011 23:43
13 yrs ago
3 viewers *
English term
voting rights in the transferee
English
Law/Patents
Finance (general)
Contract
The complete sentence where the phrase appears is this one:
The transferee shall transfer back to the transferor all shares prior to the transferor ceasing to have the ownership and control of all of the ***voting rights in the transferee***.
I would like to know if this sentence is grammatically correct before translating it. I would like your help in trying to get the meaning of the sentence.
Thanks.
The transferee shall transfer back to the transferor all shares prior to the transferor ceasing to have the ownership and control of all of the ***voting rights in the transferee***.
I would like to know if this sentence is grammatically correct before translating it. I would like your help in trying to get the meaning of the sentence.
Thanks.
Responses
4 +1 | voting rights conferred to the transferee | David Hollywood |
4 | voting rights of the transferee | trsk2000 (X) |
Responses
+1
43 mins
Selected
voting rights conferred to the transferee
it certainly isn't "in the transferee"
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Note added at 54 mins (2011-03-11 00:38:37 GMT)
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and a better preposition would be "on"
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Note added at 57 mins (2011-03-11 00:41:27 GMT)
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The Threshold Value for each Transferee Unit is $.56. ... in general) under the LLC Agreement and shall carry all of the rights conferred on ...
www.docstoc.com › ... › Agreements › Limited Partnership Agreement - Cached
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Note added at 54 mins (2011-03-11 00:38:37 GMT)
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and a better preposition would be "on"
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Note added at 57 mins (2011-03-11 00:41:27 GMT)
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The Threshold Value for each Transferee Unit is $.56. ... in general) under the LLC Agreement and shall carry all of the rights conferred on ...
www.docstoc.com › ... › Agreements › Limited Partnership Agreement - Cached
4 KudoZ points awarded for this answer.
Comment: "Many thanks."
42 mins
voting rights of the transferee
The sentence reads well, grammatically, apart from "in" being used instead of "of". As I understand it, the transferor has the transferee's voting rights until such time as the transferee transfers back shares, originally belonging to the transferor
Discussion
Another detail: if the transferee is a legal entity, such as a company, the phrase "voting rights in the transferee" could make some sense. It could be that the transferor has the right to vote in the transferee company.
Without more context, I find it hard to understand the overall meaning.
"The transferee shall transfer back to the transferor all shares prior to the transferor ceasing to have the ownership and control of all of the voting rights transfered to the transferee".