Common use of Shareholdings Clause in Contracts

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) change, cause or permit there is any change in, in the legal and/or ultimate beneficial ownership of any of the shares in the Corporate Guarantor which would result results 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 there is any change in, in the legal and/or beneficial ownership of any of the shares in any Borrower or the Manager which would result results in any such Security Party ceasing to be a wholly-owned direct or indirect Subsidiary of the Corporate Guarantor.; or

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. ▇Mr D▇▇▇▇▇▇▇▇ 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) change, cause or permit there is any change in, in the legal and/or ultimate beneficial ownership of any of the shares in the Corporate Guarantor which would result results in Mr. ▇Mr D▇▇▇▇▇▇▇▇ 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 there is any change in, in the legal and/or beneficial ownership of any of the shares in any Borrower or the Manager which would result results in any such Security Party ceasing to be a wholly-owned direct or indirect Subsidiary of the Corporate Guarantor.; or