LIMITATIONS AND OTHER MATTERS. 2.1 In no event shall the Ownership Limit Waiver permit any Individual’s Beneficial Ownership or Constructive Ownership of Shares to exceed, at any time, the Aggregate Share Ownership Limit of Section 5.7(i) of the Charter as determined without regard to any provisions of this Agreement, unless and to the extent such Individual is an Excepted Holder. For the purpose of this Agreement, “
Appears in 9 contracts
Samples: Ownership Limit Waiver Agreement (Global Net Lease, Inc.), Ownership Limit Waiver Agreement (Global Net Lease, Inc.), Ownership Limit Waiver Agreement (Bellevue Capital Partners, LLC)
LIMITATIONS AND OTHER MATTERS. 2.1 In no event shall the Ownership Limit Waiver permit any Individual’s Beneficial Ownership or Constructive Ownership of the Shares of the Company to exceed, at any time, the Aggregate Share Ownership Limit of Section 5.7(i) 5.7 of the Charter as Charter, determined without regard to any provisions of this Agreement, unless and to the extent such Individual is an Excepted HolderOwnership Limit Waiver. For the purpose of this Agreement, “Individual” has the meaning provided in Section 542(a)(2) of the Code, as modified by Section 856(h)(3) of the Code.
Appears in 1 contract
LIMITATIONS AND OTHER MATTERS. 2.1 In no event shall the Ownership Limit Waiver permit any Individual’s Beneficial Ownership or Constructive Ownership of Shares to exceed, at any time, the Aggregate Share Ownership Limit of Section 5.7(i) of the Charter as determined without regard to any provisions of this Agreement, unless and to the extent such Individual is an Excepted Holder. For the purpose of this Agreement, “Ownership
Appears in 1 contract
Samples: Ownership Limit Waiver Agreement (Global Net Lease, Inc.)
LIMITATIONS AND OTHER MATTERS. 2.1 In no event shall the Ownership Limit Waiver permit any Individual’s Beneficial Ownership or Constructive Ownership of Shares the shares of Capital Stock of the Company to exceed, at any time, the Aggregate Share Ownership Limit of set forth in Section 5.7(i5.9(i) of the Charter as and determined without regard to any provisions provision of this Agreement, unless and to ; provided that nothing herein shall modify the extent such Individual is an Excepted Holderlimitations contained in Section 16.7 of the Partnership Agreement. For the purpose of this Agreement, “
Appears in 1 contract
Samples: Ownership Limit Waiver Agreement (Hospitality Investors Trust, Inc.)
