Common use of Owner Status Clause in Contracts

Owner Status. Such Holder does not have an ownership interest equal to or greater than either 5% of the number of Common Shares of the Company or 5% of the voting power outstanding of the Company, in each case before the consummation of the Exchange Transaction.

Appears in 3 contracts

Sources: Exchange Agreement (Frontline LTD /), Exchange Agreement (Frontline LTD /), Exchange Agreement (Frontline LTD /)