Define: Permitted Transferee
What does "Permitted Transferee" mean? The meaning differs based on the contract. We found 4 definitions across 3 companies in SEC filings.
Definition 1 (Tesla, Inc., seen in 1 filing)
Permitted Transferee means any entity resulting from a merger or consolidation with Tenant (by asset acquisition or otherwise) or an Affiliate of Tenant.
Source: Tesla, Inc. S-1
Definition 2 (Meta Platforms, Inc., seen in 1 filing)
Permitted Transferee means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships) of the Employee, any person sharing the Employee s household (other than a tenant or employee), a trust in which these persons (or the Employee) have more than 50% of the beneficial interest, a foundation in which these persons (or the Employee) control the management of assets, and any other entity in which these persons (or the Employee) own more than 50% of the voting interests.
Source: Meta Platforms, Inc. 10-K
Definition 3 (Meta Platforms, Inc., seen in 1 filing)
Permitted Transferee means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships) of the Employee, any person sharing the Employee's household (other than a tenant or employee), a trust in which these persons (or the Employee) have more than 50% of the beneficial interest, a foundation in which these persons (or the Employee) control the management of assets, and any other entity in which these persons (or the Employee) own more than 50% of the voting interests.
Source: Meta Platforms, Inc. 10-Q
Definition 4 (Bloom Energy Corp, seen in 1 filing)
Permitted Transferee means a successor entity related to Tenant in connection with a merger, consolidation or non-bankruptcy reorganization; any entity that controls, is controlled by or is under common control with Tenant (with control for the purposes of this subsection (b) to mean not less than fifty-one percent (51%) equity ownership of any entity together with the power to direct the management decisions thereof); or any person or entity which acquires all or substantially all of the assets of Tenant.
Source: Bloom Energy Corp 10-K
Data extracted from 4 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.