40% Shareholder definition
40% Shareholder means any Person who or which, together with all Affiliates and Associate of such Person, shall be the Beneficial Owner of 40% or more of the Voting Stock but shall not include (i) the Corporation, (ii) any wholly owned Subsidiary, (iii) any employee benefit plan of the Corporation or of any Subsidiary, or (iv) any Person holding securities of the Corporation for or pursuant to the terms of any such plan.
40% Shareholder means any person who, together with affiliates and associates, beneficially owns 40% or more of the voting stock of the Company, other than the Company or its wholly-owned subsidiaries or employee benefit plans.
40% Shareholder means any Person who or which, together with all Affiliates and Associate of such Person, shall be the Beneficial Owner of 40% or more of the Voting Stock but shall not include (i) the Corporation, (ii) any
Examples of 40% Shareholder in a sentence
If TRT makes a good faith definitive proposal in writing to the Board to acquire shares such that TRT would become a 40% Shareholder, a Special Committee shall consider and take action on the proposal and respond in writing within 30 days after receipt of the proposal by TRT, setting forth its decision regarding the proposal.
More Definitions of 40% Shareholder
40% Shareholder means any Shareholder of 40% or more of the issued and outstanding Shares, or group of Shareholders, acting as a group, that collectively holds 40% or more of the issued and outstanding Shares (including, for the avoidance of doubt, the Oaktree Investors for so long as they continue to hold, in the aggregate, 40% or more of the issued and outstanding Shares).