Excluded Shareholder definition

Excluded Shareholder means a Shareholder: (i) that is a Non-Resident; (ii) that is a Tax Exempt Shareholder; (iii) that is a partnership; (iv) that would acquire Exchangeable LP Units as a “tax shelter investment” for the purposes of the Tax Act; or (v) an interest in which is a “tax shelter investment” for the purposes of the Tax Act;

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Excluded Shareholder means, with respect to any Investment, any Shareholder that is excluded pursuant to Section 5.05(a) from making all or a portion of its Capital Contribution that would otherwise be required in respect of such Investment.

Excluded Shareholder means any shareholder of such party that: (i) merges or consolidates with such party in such merger or consolidation; (ii) owns or controls a majority of the voting power of another corporation or other entity that merges or consolidates with such party in such merger or consolidation; or (iii) is directly or indirectly Controlled by, Controls, or is under common Control with, the Ultimate Survivor of such merger or consolidation.

Examples of Excluded Shareholder in a sentence

• Client acknowledges that Broker generally will not issue margin calls; generally will not credit Client's Account to meet intraday or overnight margin deficiencies; and is authorized (but not required to) to liquidate Account positions in order to satisfy Margin Requirements without prior notice.

• The Selling Stockholder shall provide to the other Stockholders (other than the Excluded Shareholder) all information regarding the proposed sale and the proposed purchaser, as may be reasonably requested by the other Stockholders.

• If the Share Scheme becomes Effective, purchase the Excluded Shares from the Excluded Shareholder in accordance with its obligations in clause 4.2.

• For a period of 15 Business Days after the date of the Offer Notice is given, a Stockholder (other than an Excluded Shareholder) may accept the Selling Stockholder’s offer with respect to the portion of the Shares Offered for Sale that corresponds to the ratio of the accepting Stockholder’s number of Shares held to the number of Shares held by the other Stockholders (other than the Selling Stockholder and the Excluded Shareholders) by giving written notice of such acceptance to the Selling Stockholder.

• Excluded Shareholder any Firefly Shareholder who is (or becomes under clause 5.3(m)) a member of the Gascoyne Group or any Firefly Shareholder who holds any Firefly Shares on behalf of, or for the benefit of, any member of the Gascoyne Group and does not hold Firefly Shares on behalf of, or for the benefit of, any other person.

More Definitions of Excluded Shareholder

Excluded Shareholder means any of the Company's then current or former directors or employees, in each case that is a Piggyback Shareholder or a Requesting Shareholder.

Excluded Shareholder means any M2 Shareholder who is Vocus or a Related Body Corporate of Vocus.

Excluded Shareholder means any M2 Shareholder who is Vocus or a Related Body Corporate of Vocus. Exclusivity Period means the period commencing on the date of this agreement and ending on the earliest of:

Excluded Shareholder means a Shareholder (a) that is not a “taxable Canadian corporation” under the Tax Act; or (b) that would acquire Exchangeable LP Units as a “tax shelter investment” for the purposes of the Tax Act; or (c) an interest in which is a “tax shelter investment” for the purposes of the Tax Act.

Excluded Shareholder means any of the shareholders of Holdings that hold Equity Interests in Holdings as at the date hereof and that are listed on Schedule 3.03(b)(ii) hereto, but shall not include any of their portfolio companies or limited partners.

Excluded Shareholder means a Shareholder that is not an Eligible Shareholder. Execution Date means the date on which this agreement is executed.

Excluded Shareholder means Canopy, any affiliate of Canopy and any Dissenting Acreage Shareholder.