Eligible Shareholders Sample Clauses
Eligible Shareholders. Each Limited Partner, or Related Commitment Party, as the case may be, which agrees to double that person's Mortgage Loan Sale Commitment, and only those Limited Partners, or Related Commitment Parties, as the case may be, so agreeing, will be eligible to participate in the Holding Company's "Incentive Option Pool" (as hereafter defined) (the "Eligible Shareholders").
Eligible Shareholders. The offer is made in reliance on available exemptions from prospectus requirements in Bermuda and all jurisdictions in which Eligible Shareholders are domiciled or resident. Each UK Eligible Shareholder confirms that it understands that the Rights Issue has only been communicated to persons who have professional experience, knowledge and expertise in matters relating to investments and are “investment professionals” for the purposes of article 19(5) of the Financial Services and Markets ▇▇▇ ▇▇▇▇ (Financial Promotion) Order 2005 and only in circumstances where, in accordance with section 86(1) of the Financial and Services Markets ▇▇▇ ▇▇▇▇ (“FSMA”) the require- ment to provide an approved prospectus in accordance with the requirement under section 85 FSMA does not apply. Conse- quently, the Eligible Shareholder understands that the New Shares may be offered only to “qualified investors” for the purposes of sections 86(1) and 86(7) FSMA, or to limited numbers of UK investors, or only where minima are placed on the consider- ation or denomination of securities that can be made available (all such persons being referred to as “relevant persons”). Any application or subscription for the New Shares is available only to relevant persons and will be engaged in only with relevant persons.