Controlled Shares definition
Examples of Controlled Shares in a sentence
Stockholder has the sole right to vote the shares, if any, listed as Controlled Shares on SCHEDULE A hereto.
The RCH Sub and RCH have all requisite corporate power and authority to transfer and deliver such Interest to XL and the XL Sub in the manner provided in this Agreement, and upon delivery of the Interests pursuant to the terms of this Agreement, XL or the XL Sub will receive good and marketable title thereto, free and clear of any and all Adverse Interests (subject to the provisions of ALRE Bye-Law 52 (Limitation on voting rights of Controlled Shares (as such term is defined in the ALRE Bye-Laws))).
The Significant Stockholder has not appointed or granted any proxies, which appointments or grants are still effective, with respect to the Controlled Shares.
Upon any transfer effected pursuant to Section 2, the XL or XL Sub (or such other transferee designated by XL or the XL Sub) shall receive good and marketable title thereto, free and clear of any and all Adverse Interests (subject to the provisions of ALRE Bye-Law 52 (Limitation on voting rights of Controlled Shares (as such term is defined in the ALRE Bye-Laws)).
In applying the previous sentence, where Common Shares held by more than one Shareholder are treated as Controlled Shares of a Tentative 9.9% Holder, the reduction in votes shall apply to such Shareholders in accordance with their Attribution Percentages.