Common use of Limitation on Beneficial Ownership Clause in Contracts

Limitation on Beneficial Ownership. Notwithstanding anything herein to the contrary, Purchaser will not be entitled to purchase a number of Shares that would result in Purchaser, together with its Affiliates or any other Persons with which it is acting in concert or whose holdings would otherwise be required to be aggregated with Purchaser’s holdings for purposes of the BHC Act or the CIBC Act becoming, directly or indirectly, the beneficial owner (as determined under Rule 13d-3 under the Exchange Act) of more than 9.9% of the number of shares of Common Stock issued and outstanding (based on the number of outstanding shares as of the Closing Date).

Appears in 1 contract

Samples: Form of Securities Purchase Agreement (QCR Holdings Inc)

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Limitation on Beneficial Ownership. Notwithstanding anything herein to the contrary, No Purchaser will not be entitled to purchase a number of Shares that would result in such Purchaser, together with its Affiliates or any other Persons with which it is acting in concert or whose holdings would otherwise be required to be aggregated with such Purchaser’s holdings for purposes of the BHC Act or the CIBC Act becoming, directly or indirectlyindirectly (assuming, with respect only to a Purchaser purchasing shares of Preferred Stock, conversion of the Preferred Stock), the beneficial owner (as determined under Rule 13d-3 under the Exchange Act) of more than 9.9% of the number of shares of Common Stock issued and outstanding (based on the number of outstanding shares as of the Closing Date).

Appears in 1 contract

Samples: Securities Purchase Agreement (First Bancorp /Nc/)

Limitation on Beneficial Ownership. Notwithstanding anything herein to the contrary, No Purchaser will not be entitled to purchase a number of Shares that would result in such Purchaser, together with its Affiliates or any other Persons with which it is acting in concert or whose holdings would otherwise be required to be aggregated with such Purchaser’s holdings for purposes of the BHC Act or the CIBC Act becoming, directly or indirectly, the beneficial owner (as determined under Rule 13d-3 under the Exchange Act) of more than 9.9% of the number of shares of Common Stock issued and outstanding (based on the number of outstanding shares as of the Closing Date).

Appears in 1 contract

Samples: Securities Purchase Agreement (Castle Creek Capital Partners V, LP)

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Limitation on Beneficial Ownership. Notwithstanding anything herein to the contraryExcept as provided herein, no Other Purchaser will not be entitled to purchase a number of Shares that would result in Purchaser, together with (and its Affiliates or any other Persons with which it is acting in concert or whose holdings would otherwise be required to be aggregated with Purchaser’s holdings for purposes of the BHC Act BHCA or the CIBC Act CIBCA) will be entitled to purchase a number of securities of the Company that would result in such Other Purchaser becoming, directly or indirectly, the beneficial owner (as determined under Rule 13d-3 under the Exchange Act) of more than 9.9% of the number of shares of Common Stock of the Company issued and outstanding (based on the number of outstanding shares as of the Closing Date).

Appears in 1 contract

Samples: Securities Purchase Agreement (Capitol Bancorp LTD)

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