Consumer Share definition
Consumer Share means the single share of the Borrower that is owned legally and beneficially by ▇▇▇▇▇▇▇ Consumer and that has no associated voting rights.
Examples of Consumer Share in a sentence
All of the outstanding capital stock of the Borrower has been validly issued, is fully paid and non-assessable and is owned beneficially and of record by Holdings (other than the Consumer Share), free and clear of all Liens other than the Lien in favor of the Secured Parties created by a Pledge and Security Agreement.
All of the outstanding capital stock of the Company has been validly issued, is fully paid and non-assessable and is owned beneficially and of record by Holdings (other than the Consumer Share), free and clear of all Liens other than the Lien in favor of the Secured Parties created by a Pledge and Security Agreement.