Security Ownership Sample Clauses
The Security Ownership clause establishes who holds legal title to securities, such as shares or bonds, referenced in an agreement. It typically clarifies whether the buyer or seller retains ownership during the transaction process, and may address issues like beneficial versus legal ownership or the timing of ownership transfer. This clause is essential for preventing disputes over rights to dividends, voting, or other entitlements, ensuring all parties understand when and how ownership changes hands.
Security Ownership. Neither the Purchaser, the Parent nor any of their respective affiliates or any other Person acting jointly or in concert with any of them, beneficially owns or controls, or will prior to the Effective Date beneficially own or control, any Shares or any securities that are convertible into or exchangeable or exercisable for Shares.
Security Ownership. Purchaser does not hold or beneficially own any securities of Corporation or any of its affiliates.
Security Ownership. The Contractor has appointed one or more security officers responsible for coordinating and monitoring the security rules and procedures.
Security Ownership. Cisco shall appoint one or more security officers responsible for coordi- nating and monitoring the security requirements and procedures. Such officers shall have the knowledge, experience, and authority to serve as the owner(s) of, with responsibility and ac- countability for, information security within the organization.
Security Ownership. The Purchaser currently holds no securities in the capital of the Company.
Security Ownership. Acuity has appointed one or more security officers responsible for coordinating and monitoring the security rules and procedures.
Security Ownership. Microsoft has appointed one or more security officers responsible for coordinating and monitoring the security rules and procedures.
Security Ownership. None of the Purchaser or the Parent or any of their affiliates or any person acting jointly or in concert with any of them owns any securities of the Company.
Security Ownership. The Purchaser is aware that the Company is a party to a Shareholder Rights Agreement, dated as of May 31, 2001, between the Company and American Stock Transfer and Trust Company (the “Rights Agreement”), which provides that in the event the Purchaser at any time beneficially owns 15% or more of the Company’s then outstanding capital stock, the Purchaser may be deemed an “Acquiring Person” as defined in the Rights Agreement. The Purchaser understands that, in connection with the Purchaser’s acquisition of the Shares and with respect to the Purchaser’s equity position in the Company, the Company has exempted the Purchaser from being deemed an Acquiring Person as a result of such acquisition or any subsequent transaction only so long as the Purchaser acquires its beneficial ownership of shares of capital stock of the Company in a transaction whereby the Purchaser is acquiring such beneficial ownership directly from the Company. Notwithstanding the foregoing, the Purchaser will also not be deemed an Acquiring Person if the percentage of outstanding capital stock owned by the Purchaser increases solely due to the repurchase by the Company of shares of its outstanding capital stock.
Security Ownership. Vertice shall appoint one or more security officers responsible for coordinating and monitoring the security requirements and procedures. Such officers shall have the knowledge, experience, and authority to serve as the owner(s) of, with responsibility and accountability for, information security within the organisation.