Qualified Holders Clause Samples
The 'Qualified Holders' clause defines the specific criteria or requirements that an individual or entity must meet to be recognized as an eligible holder of certain rights, securities, or interests under an agreement. Typically, this clause outlines qualifications such as financial thresholds, regulatory status, or other attributes that must be satisfied for a party to participate in particular transactions or exercise certain privileges. For example, it may restrict the transfer of shares to only those who meet the definition of a qualified institutional buyer. The core function of this clause is to ensure that only parties with appropriate qualifications or resources can hold or acquire specified interests, thereby managing risk and maintaining compliance with legal or contractual standards.
Qualified Holders. 4.03(c) QUIPS Failure Date.............................................. 9.18(a) QUIPS Fair Market Value......................................... 9.18(f) QUIPS Transfer.................................................. 9.18(j) Purchase Rights................................................. 9.01(a) Registration Statement.......................................... 5.09 S-8............................................................. 4.02(g) Series E Preferred Stock........................................ 6.05(a) Successor Plan.................................................. 9.13(b) Support Agreement...............................................
Qualified Holders. The Company hereby grants to each Qualified ----------------- Holder (as defined in this Section 2) a right of first offer with respect to future sales of New Securities (as defined in this Section 2) by the Company. For purposes of this Agreement, a "Qualified Holder" shall mean any Investor who ---------------- holds at least 75,000 shares of Series A Preferred Stock and/or Series B Preferred Stock and/or Series C Preferred Stock and/or Series D Preferred Stock and/or Series F-1 Preferred Stock and/or Series F-2 Preferred Stock and/or Common Stock (appropriately adjusted for recapitalization, stock splits and the like); provided, however, that no person or entity shall be deemed a Qualified Holder for purposes of this Section 2 unless the Company's sale of New Securities to such person or entity would be exempt from the registration and qualification requirements of applicable securities laws; and provided further, that in connection with the sale of additional shares of the Company's Series D Preferred Stock pursuant to the Amended Series D Purchase Agreement, the Moscape Holders shall not be Qualified Holders, and the shares of Series F Preferred --- Stock issuable under the Merger Agreement shall not be taken into account for --- the purposes of Section 2.3 hereof.
Qualified Holders. The Company hereby grants to each Qualified Holder (as defined in this Section 2) a right of first offer with respect to future sales of New Securities (as defined in this Section 2) by the Company. For purposes of this Agreement, a “QualifiedHolder” shall mean any Investor who holds at least 75,000 shares of Series A Preferred Stock and/or Series B Preferred Stock and/or Series C Preferred Stock and/or Series D Preferred Stock and/or Series F-1 Preferred Stock and/or Series F-2 Preferred Stock and/or Common Stock (appropriately adjusted for recapitalization, stock splits and the like) and/or at least $5,000,000 worth of Notes issued pursuant to the Note Purchase Agreement; provided, however, that no person or entity shall be deemed a Qualified Holder for purposes of this Section 2 unless the Company’s sale of New Securities to such person or entity would be exempt from the registration and qualification requirements of applicable securities laws.
Qualified Holders. There are no more than 35 Qualified Holders that are not Accredited Investors.