Common use of WAIVER OF OWNERSHIP LIMIT Clause in Contracts

WAIVER OF OWNERSHIP LIMIT. 1.1 The Company hereby waives the application of the Aggregate Share Ownership Limit contained in Section 5.7(ii)(a)(I)(A)(1) of the Charter to permit Mx. Xxxx to Beneficially Own or Constructively Own shares of Common Stock (collectively, the “Exempt Stock”), subject to an increased Series Limit for the Common Stock of 20% and an increased Overall Limit of 20% (the “Excepted Holder Limit”) from and after the Determination Date (collectively the “Ownership Limit Waiver”), solely as a result of the Bellevue and Advisor Waivers.

Appears in 1 contract

Samples: Ownership Limit Waiver Agreement (New York City REIT, Inc.)

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WAIVER OF OWNERSHIP LIMIT. 1.1 The Company hereby waives the application of the Aggregate Share Ownership Limit contained in Section 5.7(ii)(a)(I)(A)(1) of the Charter to permit MxXxx. Xxxx Xxxxxxxx to Beneficially Own or Constructively Own shares of Common Stock (collectively, the “Exempt Stock”), subject to an increased Series Limit for the Common Stock of 2013.8% and an increased Overall Limit of 2013.8% (the “Excepted Holder Limit”) from and after the Determination Effective Date (collectively the “Ownership Limit Waiver”), solely as a result of the Bellevue and Advisor Waivers.

Appears in 1 contract

Samples: Ownership Limit Waiver Agreement (Global Net Lease, Inc.)

WAIVER OF OWNERSHIP LIMIT. 1.1 The Company hereby waives the application of the Aggregate Share Ownership Limit contained in Section 5.7(ii)(a)(I)(A)(1) of the Charter to permit Mx. Xxxx ARC to Beneficially Own or Constructively Own shares of Common Stock (collectively, the “Exempt Stock”), subject to an increased Series Limit for the Common Stock of 20% and an increased Overall Limit of 20% (the “Excepted Holder Limit”) from and after the Determination Date (collectively the “Ownership Limit Waiver”), solely as a result of the Bellevue and Advisor Waivers.

Appears in 1 contract

Samples: Ownership Limit Waiver Agreement (Bellevue Capital Partners, LLC)

WAIVER OF OWNERSHIP LIMIT. 1.1 The Company hereby waives the application of the Aggregate Share Ownership Limit contained in Section 5.7(ii)(a)(I)(A)(1) of the Charter to permit Mx. Xxxx the Advisor to Beneficially Own or Constructively Own shares of Common Stock (collectively, the “Exempt Stock”), subject to an increased Series Limit for the Common Stock of 20% and an increased Overall Limit of 20% (the “Excepted Holder Limit”) from and after the Determination Date Date, and provided that the Advisor may only itself purchase and itself actually own up to 2.5% of Common Stock (the “Advisor Actual Ownership Limit”) (collectively the “Ownership Limit Waiver”), solely as a result of the Bellevue and Advisor Waivers.

Appears in 1 contract

Samples: Ownership Limit Waiver Agreement (New York City REIT, Inc.)

WAIVER OF OWNERSHIP LIMIT. 1.1 The Company hereby waives the application of the Aggregate Share Ownership Limit contained in Section 5.7(ii)(a)(I)(A)(1) of the Charter to permit MxXx. Xxxx Xxxxxxxx to Beneficially Own or Constructively Own shares of Common Stock (collectively, the “Exempt Stock”), subject to an increased Series Limit for the Common Stock of 2013.8% and an increased Overall Limit of 2013.8% (the “Excepted Holder Limit”) from and after the Determination Effective Date (collectively the “Ownership Limit Waiver”), solely as a result of the Bellevue and Advisor Waivers.

Appears in 1 contract

Samples: Ownership Limit Waiver Agreement (Global Net Lease, Inc.)

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WAIVER OF OWNERSHIP LIMIT. 1.1 The Company hereby waives the application of the Aggregate Share Ownership Limit contained in Section 5.7(ii)(a)(I)(A)(1) of the Charter to permit Mx. Xxxx the SLP to Beneficially Own or Constructively Own shares of Common Stock (collectively, the “Exempt Stock”), subject to an increased Series Limit for the Common Stock of 20% and an increased Overall Limit of 20% (the “Excepted Holder Limit”) from and after the Determination Date (collectively the “Ownership Limit Waiver”), solely as a result of the Bellevue and Advisor Waivers.

Appears in 1 contract

Samples: Ownership Limit Waiver Agreement (Bellevue Capital Partners, LLC)

WAIVER OF OWNERSHIP LIMIT. 1.1 The Company hereby waives the application of the Aggregate Share Ownership Limit contained in Section 5.7(ii)(a)(I)(A)(1) of the Charter to permit Mx. Xxxx Xxxxxxxx and the Trust to Beneficially Own or Constructively Own shares of Common Stock (collectively, the “Exempt Stock”), subject to an increased Series Limit for the Common Stock of 20% and an increased Overall Limit of 20% (the “Excepted Holder Limit”) from and after the Determination Date (collectively the “Ownership Limit Waiver”), solely as a result of the Bellevue and Advisor Waivers.

Appears in 1 contract

Samples: Ownership Limit Waiver Agreement (Bellevue Capital Partners, LLC)

WAIVER OF OWNERSHIP LIMIT. 1.1 The Company hereby waives the application of the Aggregate Share Ownership Limit contained in Section 5.7(ii)(a)(I)(A)(1) of the Charter to permit Mx. Xxxx AGI to Beneficially Own or Constructively Own shares of Common Stock (collectively, the “Exempt Stock”), subject to an increased Series Limit for the Common Stock of 20% and an increased Overall Limit of 20% (the “Excepted Holder Limit”) from and after the Determination Date (collectively the “Ownership Limit Waiver”), solely as a result of the Bellevue and Advisor Waivers.

Appears in 1 contract

Samples: Ownership Limit Waiver Agreement (Bellevue Capital Partners, LLC)

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