Common use of Controlled Company Clause in Contracts

Controlled Company. For so long as the Stockholders collectively Beneficially Own Common Stock representing a majority of the total voting power, the Company shall take all Necessary Action to avail itself of all available “controlled company” exceptions to the corporate governance listing standards of any U.S. securities exchange on which shares of Class A Common Stock are listed, unless waived in writing by the Stockholders.

Appears in 4 contracts

Samples: Stockholders Agreement (loanDepot, Inc.), Stockholders Agreement (loanDepot, Inc.), Stockholders Agreement (loanDepot, Inc.)

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