Examples of Aggregate Ownership Interest in a sentence
In the event that Fujitsu’s Aggregate Ownership Interest falls below ten percent (10%) and Fujitsu no longer provides services to Spansion that are similar to the Services, either Spansion or Fujitsu may, but shall not be required to, by written notice to the other and AMD, terminate the role of the Fujitsu Services Advisor, and, upon such termination, the Fujitsu Services Advisor shall have no further rights or obligations hereunder.
For so long as the Aggregate Ownership Interest (as defined below) of Fujitsu Limited, a Japanese corporation (“Fujitsu”), or of Advanced Micro Devices, Inc., a Delaware corporation (“AMD”), as applicable, is as specified in Schedule 2.11, the Corporation shall not, and no officer, employee or agent of the Corporation shall, take any of the actions listed on Schedule 2.11 (as such actions correspond to the specified Aggregate Ownership Interest), without the prior consent of Fujitsu or AMD, as applicable.
Once the Aggregate Ownership Interest of Fujitsu Limited, a Japanese corporation (“ Fujitsu”), is reduced to less than ten percent (10%) of the outstanding shares of Common Stock, the outstanding share of Class C Common Stock shall automatically, without any further act or deed on the part of this Corporation or any other Person, be converted into a share of Class A Common Stock on a share-for-share basis (as may be adjusted pursuant to Article IV, Section 3(ix)).
In calculating whether the Class B Triggering Event has occurred, the Aggregate Ownership Interest shall be recalculated each time (a) a Transfer of shares of Common Stock by AMD or its Affiliates occurs (other than to an Affiliate) or (b) upon AMD’s and Fujitsu’s receipt of written notice from the Corporation, which such notice shall be given by the Corporation when the Corporation reasonably believes that a Class B Triggering Event may have occurred.
This Agreement will be effective as of the Effective Date, and will continue in full force and effect until the later to occur of (a) the tenth (10th) anniversary of the Effective Date, or (b) Parent transferring 100% of its Aggregate Ownership Interest in Spansion, at which time this Agreement shall terminate, unless earlier terminated as set forth in this Section 9.
In calculating whether the Class C Triggering Event has occurred, the Aggregate Ownership Interest shall be recalculated each time (a) a Transfer of shares of Common Stock by Fujitsu or its Affiliates occurs (other than to an Affiliate) or (b) upon AMD’s and Fujitsu’s receipt of written notice from the Corporation, which such notice shall be given by the Corporation when the Corporation reasonably believes that a Class C Triggering Event may have occurred.
At any time that the Aggregate Ownership Interest of the holders of Class C Common Stock falls below ten percent (10%) (a “Class C Triggering Event”), then the holders of the Class C Common Stock will no longer have the ability to elect a Class C Director and, subject to Article V, Section 5 below, the resulting size of the Board shall be reduced by the automatic resignation of the Class C Director from the Board, such Class C Director no longer being qualified to serve on the Board.
Once the Aggregate Ownership Interest (as defined below) of Advanced Micro Devices, Inc., a Delaware corporation (“ AMD”), is reduced to less than ten percent (10%) of the outstanding shares of Common Stock, the outstanding share of Class B Common Stock shall automatically, without any further act or deed on the part of this Corporation or any other Person, be converted into a share of Class A Common Stock on a share-for-share basis (as may be adjusted pursuant to Article IV, Section 3(ix)).
The parties agree that for so long as a Stockholder’s Aggregate Ownership Interest is greater than or equal to five percent (5%), such Stockholder shall have the right to have one (1) representative attend Board meetings as a non-voting participant.
In the event that AMD’s Aggregate Ownership Interest falls below ten percent (10%) and AMD no longer provides services to Spansion that are similar to the Services, either Spansion or AMD may, but shall not be required to, by written notice to the other and Fujitsu, terminate the role of the AMD Services Advisor, and, upon such termination, the AMD Services Advisor shall have no further rights or obligations hereunder.