Definition of Common Expiration Date


Common Expiration Date means the date on which the Trailer Investors cease to hold, or cease to "beneficially own" (within the meaning of Rule 13d-3 under the Exchange Act) at least 10% of the issued and outstanding Common Stock of the Corporation.

Examples of Common Expiration Date in a sentence

The right of the Majority Trailer Investors to designate the Investor Directors pursuant to Section 4.1 and Section 4.2 shall terminate on the Common Expiration Date.
Policy Canceled and Rewritten to Establish a Common Expiration Date with Other Insurance Coverage (TRRP Reason 03) The new policy must be rewritten within the same company for the same or higher amounts of coverage.
Prior to the Common Expiration Date, at each meeting of the Companys stockholders at which the election of directors to the Investor Director Seats is to be considered, the Company shall, subject to the provisions of Section 4.1 and Section 4.3, nominate the Investor Director(s) designated by the Majority Trailer Investors for election to the Board by the holders of voting capital stock and 1 NTD: Trailer to provide.
From and after the Closing Date until the Common Expiration Date, the Majority Trailer Investors may (which right shall be exercisable by Trailer so long as Trailer is the Majority Trailer Investor) nominate five directors (collectively, the "Investor Directors") to be elected to the Board.
From and after the Closing Date until the Common Expiration Date, the Majority Trailer Investors may nominate five directors (collectively, the Investor Directors) to be elected to the Board.