Designated Shareholder definition

Designated Shareholder has the meaning set forth in the preamble to this Agreement.

Designated Shareholder of a Fund shall mean any shareholder of record of such Fund on the Agreement Date (after giving effect to the issuance and redemption of shares, the orders for which were deemed received by the Fund prior to the determination, in accordance with Rule 22c-1, of its final NAV for such date) or such shareholder’s estate or successor by will, intestacy, gift or court order or court-approved settlement.

Designated Shareholder means the individual who is the ultimate beneficial owner of the majority of the share capital of the Corporate Guarantor prior to the IPO as disclosed to the Agent prior to the date of this Agreement, such individual to be acceptable to the Agent in all respects;

Examples of Designated Shareholder in a sentence

• Thereafter, it shall not be necessary for a Baring Shareholder Designee, Onex Shareholder Designee or Designated Shareholder Designee to give special or particularized notice of any Owner Interests in respect of any transaction which may involve the Company.

• Nothing in this Guarantee Agreement shall confer any rights upon any Designated Shareholder or any other person other than the parties hereto and their respective successors and permitted assigns.

• To the extent that a Designated Shareholder receives portfolio securities rather than cash in any distribution of liquidation proceeds, for the purposes of determining the Designated Shareholder Amount, such securities shall be valued as of their date of distribution based on market quotations; if market quotations are not readily available, their fair value as determined by the Board; or, in the absence of such a determination, by the Treasury in its sole and absolute discretion.

• Each Designated Shareholder waives, and acknowledges and agrees that he shall not have and shall not exercise or assert (or attempt to exercise or assert), any right of contribution, right of indemnity or other right or remedy against the Surviving Corporation in connection with any indemnification obligation or any other liability to which he may become subject under or in connection with this Agreement or the Designated Shareholders' Closing Certificate.

• Nothing in this Guarantee Agreement, including but not limited to Sections 6(a) and 6(b), shall limit the Treasury’s rights of subrogation or other rights otherwise available to the Treasury in respect of Designated Shareholder Payments, including, without limitation, any rights of the Treasury to recover from Designated Shareholders payments received in connection with or relating to the Designated Shareholder’s Designated Shares, from a Fund or other parties.

More Definitions of Designated Shareholder

Designated Shareholder means Mrs. Angeliki Frangou either directly or indirectly (through entities owned and controlled by her or trusts or foundations of which she is the beneficiary).

Designated Shareholder means Xxx Xxxxxxxx Xxxxxxx either directly or indirectly (through entities owned and controlled by her or trusts or foundations of which she is the beneficiary) and/or Navios Maritime Holdings Inc. or any of its affiliates being, either individually or together, the ultimate beneficial owner(s) of, or having ultimate control of the voting rights attaching to, at least 15 per cent. of all the issued shares in the Corporate Guarantor and in the plural means all of them;

Designated Shareholder is defined in Section 10.11.1.

Designated Shareholder means any officer, director, Founder or holder of two percent (2%) or more of the Company's outstanding Common Stock and Preferred Stock, on an as if converted basis, and who is a party to this Agreement or has otherwise agreed in writing to be bound by and to comply with all applicable provisions of Section 4 of this Agreement.

Designated Shareholder. The "Designated Shareholder" shall mean Xxxxxxx X. Xxxxx, Xx., Xxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxxxx, Xxx Xxxxxxxxx, Antares Group, Inc., Xxxx Xxxxxxx, Xxxxxxx Xxxxxx, ACX Technologies, Inc and The VisiCom Savings Plan & Trust.

Designated Shareholder means a Person who (i) together with such Person’s Affiliates and Associates, is the Beneficial Owner of 5% or more of the shares of Common Stock then outstanding and (ii) has reported such beneficial ownership on Schedule 13D under the Exchange Act (or any comparable or successor report).”

Designated Shareholder means the Partnership, so long as it holds 2 million or more Registrable Shares, and any transferee of the Partnership of 2 million or more Registrable Shares.