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 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 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. (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 the Borrower is a wholly-owned direct Subsidiary of the Corporate Guarantor, all of the issued shares in the Manager are legally and ultimately beneficially owned by the person or persons disclosed by the Borrower to the Bank in the negotiation of this Agreement and no less than 25% of the total issued voting share capital of the Corporate Guarantor is ultimately beneficially owned by Mr ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and/or trusts or foundations of which Mr. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is a beneficiary.
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. (a) change, cause or permit any change in, the legal and/or ultimate beneficial ownership of any of the shares in any of the Borrowers, the Aegean Shipholdings Guarantor, the Manager or the Aegean Bunkering Guarantor from that specified in clause 7.1.11; or
(b) change, cause or permit any change in, the ultimate beneficial ownership of any shares in the Aegean Marine Guarantor which would result in:
(i) the persons specified in clause 7.1.11 being the ultimate beneficial owners of less than thirty five per cent (35%) of the total voting share capital of the Aegean Marine Guarantor at any time; or
(ii) any person (other than those referred to in clause 7.1.11) having the ultimate beneficial ownership of more shares in the Aegean Marine Guarantor than the persons specified in clause 7.1.11 have at any time; or