Approved Shareholder definition

Approved Shareholder means an Entitled Shareholder who is resident in a Non-Qualified Jurisdiction but that, prior to October 4, 2017 (or such later date as the Company may determine in its sole and absolute discretion), demonstrates to each of the Agent and Company, in its sole and absolute discretion, that such Entitled Shareholder may hold and exercise a Right: (i) in compliance with the laws of such Non-Qualified Jurisdiction; (ii) without obligating the Company or any of the CVR Holders to file or issue a prospectus, registration statement or any other similar document qualifying or registering the issue, sale or distribution of the Rights, Receipts or the CVRs; and (iii) without imposing any significant costs on the Company in order to comply with applicable laws of such Non-Qualified Jurisdiction and, in doing so, the Company or the Agent may require that the Entitled Shareholder (at its sole cost) furnish such evidence (including certificates and opinions of counsel), as shall be satisfactory to each of the Company and the Agent in its sole and absolute discretion, to demonstrate that such Entitled Shareholder qualifies as an Approved Shareholder;

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Approved Shareholder means an Additional Shareholder who is granted first refusal rights pursuant to Section 6 of this Agreement.

Approved Shareholder means the ASOP, a Transferee Entity and an Approved Participant;

Examples of Approved Shareholder in a sentence

• Each Shareholder, Permitted Transferee and Approved Shareholder shall have preemptive rights to purchase such number of Shares as shall be required to maintain their proportionate equity interest in the Company upon the future issuance of shares of Common Stock of any class, whether with or without voting privileges, under the same terms and conditions and for the same consideration as such shares are offered or sold to any other Person.

• If the Senior Management Sellers’ Representative is entitled to withhold consent and does so, the final Approved Company Adviser Fee Schedule and the final Approved Shareholder Adviser Fee Schedule shall be adjusted so that the total aggregate increase over the estimates is 10%.

• The Borrower shall not issue shares to anyone unless to an existing Shareholder provided there is no change in the percentage ownership interests and/or shareholding in the Borrower that constitutes a Change of Control or to a New Shareholder which is an Approved Shareholder in accordance with clause 29.16 (Replacement and/or additional shareholder) and in each case provided that any such issued shares are, from the first Utilisation Date, subject to the Shares Security.

• The Company, Igloo Co-Invest, LLC and the Sponsors shall cooperate with the Approved Shareholder to effect the Transfer of such Tag Covered Securities to the Special Purpose Vehicle.

• The Approved Shareholder Loans shall be documented in writing and incur interest at the rate of up to SOFR + 15 %.

• The Sponsors will consult with the Approved Shareholder in good faith to the extent such procedures relate to the Approved Shareholder.

• East LNG shall procure that the creditors does not enforce their claims under the under the Existing Approved Shareholder Loans until the Company has raised the required financing as aforesaid.

• Upon failure by the Obligor to pay punctually amounts due under the Guaranteed Obligations, Guarantor shall forthwith on written demand pay the amount not so paid or perform the obligation not performed, in either case at the place and in the manner specified in the Approved Shareholder Debt Financing.

• The Guarantor hereby absolutely, irrevocably and unconditionally guarantees to the Beneficiary the full and complete payment when due of the Guaranteed Amount payable by the Obligor pursuant to the Approved Shareholder Debt Financing (the "Guaranteed Obligations").

• Provided that Participant at all times owns Stock with a Market Value in excess of the amount equal to the annual compensation payable for Participant's services as a Non-Employee Director, the Participant may sell shares of Stock to an Approved Shareholder, subject to the written consent of the Company.

More Definitions of Approved Shareholder

Approved Shareholder means the Singapore Shareholder, the Indonesian Shareholder or another company or group of companies which has provided, or in respect of which the Borrower has provided, to the Facility Agent all documentation and other evidence required by the Lenders in order for each Lender to carry out and be satisfied with the results of all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Finance Documents.

Approved Shareholder means any Shareholder who, at the time of determination, is an entity of a U.S. state whose indemnification obligations are limited or prohibited by the laws of such state.

Approved Shareholder means the Singapore Shareholder, the Indonesian Shareholder or another company or group of companies which has provided, or in respect of which the Borrower has provided, to the Facility Agent all documentation and other evidence required by the Lenders in order for each Lender to carry out and be satisfied with the results of all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Finance Documents. Approved Transferee means any commercial bank which has a credit rating for its long term indebtedness of not less than BBB+ with Standard & Poor’s Rating Agency (or the equivalent rating with another internationally recognised credit rating agency). Auditors means one of PricewaterhouseCoopers, Ernst & Young, KPMG or Deloitte & Touche or another approved reputable international firm of accountants. Authority means any national, supranational, regional or local government or governmental, administrative, fiscal, judicial, or government-owned body, department, commission, authority, tribunal, agency or entity, or central bank (or any person, whether or not government-owned and howsoever constituted or called, that exercises the functions of a central bank) in a Relevant Jurisdiction. Available Cash Flow means, in respect of any period and without double counting:

Approved Shareholder means PSU or another company or group of companies approved by the Lenders (acting reasonably).

Approved Shareholder means the Singapore Shareholder, the Indonesian Shareholder or another company or group of companies which has provided, or in respect of which the Borrower has provided, to the Facility Agent all documentation and other evidence required by the Lenders in order for each Lender to carry out and be satisfied with the results of all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Finance Documents. Approved Transferee means any commercial bank which has a credit rating for its long term indebtedness of not less than BBB+ with Standard & Poor’s Rating Agency (or the equivalent rating with another internationally recognised credit rating agency).