Shareholdings Sample Clauses
The Shareholdings clause defines the ownership structure of a company by specifying the number and type of shares held by each shareholder. It typically details the allocation of shares among founders, investors, or other parties, and may outline any restrictions on transferring shares or rights attached to different classes of shares. This clause is essential for clarifying ownership percentages, ensuring transparency among stakeholders, and preventing disputes over control or profit distribution within the company.
Shareholdings change, cause or permit any change in, the legal and/or beneficial ownership of any of the shares in the Borrower which would result in the Borrower ceasing to be a wholly-owned direct Subsidiary of the Guarantor; or
Shareholdings there is any change in the legal and/or beneficial ownership of any of the shares in any of the Borrowers from that existing on the date of this Agreement as set out in clause 7.1.10 without the prior written consent of the Agent (acting on the instructions of the Majority Lenders) or there is any change in the management or board of directors of the Sponsor from that existing on the date of this Agreement; or
Shareholdings. As of the date of this Agreement, the Investor holds at least 149,850 Shares, and Investor has completed and delivered a Letter of Representation to the Escrow Agent evidencing such Shares.
Shareholdings change, cause or permit any change in, the legal and/or ultimate beneficial ownership of any of the shares in the Guarantor from that specified in clause 4.1.10 and/or clause 7.1.10 of the Agreement;
Shareholdings the Borrower is a wholly-owned direct Subsidiary of the Guarantor and no less than 75% of all the issued share capital of the Guarantor are ultimately beneficially owned by the Hadjioannou Family.
Shareholdings. (a) change, cause or permit any change in, the legal and/or ultimate beneficial ownership of any of the shares in the Corporate Guarantor which would result in Mr. ▇▇▇▇▇▇▇▇▇ Melissanidis being the ultimate beneficial owner of less than 35% of the total issued voting share capital of the Corporate Guarantor; or
(b) change, cause or permit any change in, the legal and/or beneficial ownership of any of the shares in any Borrower or the Manager which would result in any such Security Party ceasing to be a wholly-owned direct or indirect Subsidiary of the Corporate Guarantor.
Shareholdings. (a) each Borrower is a wholly-owned direct Subsidiary of the Shareholder and all of the issued shares in each of the Corporate Guarantor and the Manager are legally and ultimately beneficially owned by such person or persons as have been disclosed by or on behalf of the Borrowers or any other Security Party to the Agent, the Arranger and the Banks in the negotiation of this Agreement; and
(b) on the date of this Agreement, the ▇▇▇▇▇▇▇▇▇ Disclosed Persons together own shares (legally and/or beneficially, directly or indirectly) in the Corporate Guarantor which can cast not less than 11% of the maximum number of votes that might be cast at a general meeting of the shareholders of the Corporate Guarantor; and
(c) on the date of this Agreement, the Riverstone Disclosed Persons together own shares (legally and/or beneficially, directly or indirectly) in the Corporate Guarantor which can cast not less than 20% of the maximum number of votes that might be cast at a general meeting of the shareholders of the Corporate Guarantor; and
Shareholdings. As of the date of May 3, 2022, the Investor holds 1,200,000 Shares.
(e) Section 4(b) of the Forward Share Purchase Agreement is hereby amended and restated in its entirety to read as follows: [Intentionally deleted]
(f) Section 4(c) of the Forward Share Purchase Agreement is hereby amended by amending and restating the second sentence of Section 4(c) as follows: The Investor shall give written notice to the Company and the Escrow Agent of any open market sale pursuant to this Section 4(c) or any other disposition of the Shares, including pursuant to the delivery of Shares in connection with the exercise of any derivative transactions entered into by the Investor (which shall be treated as a sale for purposes of Section 3.1 of the Escrow Agreement), within three (3) Business Days following the date of such sale or other transfer (each, an “Open Market Sale Notice”), and each Open Market Sale Notice shall include the date of the sale or other transfer, the number of Shares sold or transferred, and confirmation that the sale price per Share was greater than $10.01 per share prior to the payment of any commissions due by the Investor for the sale.
(g) Section 5 of the Forward Share Purchase Agreement is hereby amended and restated in its entirety as follows:
Shareholdings there is any change in the legal and/or beneficial ownership of any of the shares in any of the Owners or the Borrower which results in any such Security Party ceasing to be a wholly-owned direct or indirect Subsidiary of the AMPNI Guarantor; or
Shareholdings each of the Borrowers is a wholly-owned direct Subsidiary of the Aegean Shipholdings Guarantor, each of the Aegean Shipholdings Guarantor and the Manager is a wholly-owned direct Subsidiary of the Aegean Marine Guarantor and all of the shares in the Aegean Marine Guarantor are legally and ultimately beneficially owned by such persons as disclosed by or on behalf of the Borrowers or any other Security Party to the Arranger and/or the Agent in the negotiation of this Agreement.