Examples of Entitled Holder in a sentence
The CCP Deadline is the time set by the Clearing House by which an Entitled Holder must submit a Buyer Election Notice.
A Buying Member that is an Entitled Holder may submit a Buyer Election Notice in relation to a Voluntary Corporate Action, in accordance with the buyer election process detailed below at Section 1.14.6. In the absence of an election from the Buying Member, the default option of the Voluntary Corporate Action will be applied to Entitled Transactions.
A Buying Member that is an Entitled Holder may submit a Buyer Election Notice in relation to a Voluntary Corporate Action, in accordance with the buyer election process detailed below at Section 1.17.7. In the absence of an election from the Buying Member, the default option of the Voluntary Corporate Action will be applied to Entitled Transactions.
The term "Entitled Holder" shall mean any Optionee or any transferee thereof described in clause (ii) or (iii) of Section 6.7(a).
The Company shall be under no obligation to consummate any proposed issuance of Preemptive Rights Shares, nor shall there be any liability on the part of the Company or the Board to any Entitled Holder if the Company has not consummated any proposed issuance of Preemptive Rights Shares pursuant to this Article V for whatever reason, except for willful misconduct or breach of this Agreement, regardless of whether the Board shall have delivered an Issuance Notice in respect of such proposed issuance.
A Buying Member that is an Entitled Holder may submit a Buyer Election Notice in relation to a Voluntary Corporate Action, in accordance with the buyer election process detailed below at Section 1.14.7. In the absence of an election from the Buying Member, the default option of the Voluntary Corporate Action will be applied to Entitled Transactions.
All Shares of the Company held by any Person shall be aggregated together with those held by all Permitted Transferees thereof for the purpose of determining the availability of any rights under these Articles where such availability is dependent upon minimum shareholdings (e.g. for the purpose of defining an Entitled Holder), and for such purpose such Persons and entities shall be viewed as a single holder.
During such time as any Escrow Shares remain in the Escrow Account, each Entitled Holder shall be entitled to exercise any and all voting and other consensual rights pertaining to the Escrow Shares then being held for such Entitled Holder's benefit.
In the event the Company proposes to issue New Securities, it shall give each Entitled Holder written notice (the “ Primary Rights Notice”) of its intention, describing the type of New Securities, their price and the terms upon which the Company proposes to issue the same.
An Entitled Holder may exercise its rights under Section 5.1(b) by delivering written notice of its election to purchase such Preemptive Rights Shares to the Board within five (5) Business Days after receipt of the Issuance Notice.