يحل محل في النصيب

English translation: The Third Party shall replace the First Party in the share thereof

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Arabic term or phrase:يحل محل في النصيب
English translation:The Third Party shall replace the First Party in the share thereof
Entered by: Amany Zakaria

09:15 Jul 17, 2023
Arabic to English translations [PRO]
Law/Patents - Law: Contract(s)
Arabic term or phrase: يحل محل في النصيب
باع واسقط وتنازل الطرف الاول للطرف الثالث القابل لذلك كامل حصته في الشركة وقدرها ٥١% و تم هذا البيع وقبل بقيمة إجمالية قدرها ( ۱۵۳,۰۰۰) مائة وثلاثة وخمسون الف درهم ، ويقر الطرف الأول بقبض هذا المبلغ ويعتبر توقيعه على هذا العقد بمثابة إقرار منه بالقبض وعوضا عن أي إيصال أخر .
ب - يحل الطرف الثالث محل الطرف الاول في نصيبه في راس المال بالقدر الذي آل إليه وفي جميع حقوقه والتزاماته في حدود الحصص المباعة .
Amany Zakaria
Egypt
Local time: 22:28
The Third Party shall replace the First Party in the share thereof
Explanation:
The Third Party shall replace the First Party in the share thereof
Selected response from:

mona elshazly
Egypt
Local time: 22:28
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
5Shall take the place of the First Party in its share
Mowafak Mohamed
4shall replace it in the share
hassan zekry
4Shall Substitute them in their share
Youssef Chabat
4The Third Party shall replace the First Party in the share thereof
mona elshazly


  

Answers


7 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
shall replace it in the share


Explanation:
Third Party shall replace First Party in its share

hassan zekry
Local time: 22:28
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 423
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11 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Shall Substitute them in their share


Explanation:
Suggestion

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Note added at 17 mins (2023-07-17 09:32:46 GMT)
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Examples of Substitute Shareholders in a sentence

The number and type of Shares issued to Shareholders shall be listed on Schedule A hereto, which shall be amended from time to time as required to reflect issuances of Shares to Additional Shareholders, Transfers of Shares to Substitute Shareholders, acquisitions of additional Shares by Shareholders, repurchases of Shares and to reflect the cessation or withdrawal of Shareholders.

The name, address, number of Shares and Percentage Interest of each Shareholder are set forth on Schedule A hereto, as such Schedule may be amended from time to time to reflect the admission of any Additional Shareholders or Substitute Shareholders, the acquisition of additional Shares by any Shareholder, the transfer of Shares, and the repurchase of Shares, each as permitted or required by the terms of this Agreement.

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Note added at 17 mins (2023-07-17 09:32:59 GMT)
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Law insider

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Note added at 19 mins (2023-07-17 09:34:42 GMT)
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So many examples here:

https://www.lawinsider.com/dictionary/substitute-shareholder...

Youssef Chabat
Morocco
Local time: 20:28
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 53
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22 mins   confidence: Answerer confidence 5/5
Shall take the place of the First Party in its share


Explanation:
The Third Party shall take the place of the First Party in its share of the capital

Mowafak Mohamed
Egypt
Local time: 22:28
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 225
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11 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
The Third Party shall replace the First Party in the share thereof


Explanation:
The Third Party shall replace the First Party in the share thereof

mona elshazly
Egypt
Local time: 22:28
Native speaker of: Native in ArabicArabic
PRO pts in category: 114
Login to enter a peer comment (or grade)



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