Excluded Shareholder definition

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.

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.

Examples of Excluded Shareholder in a sentence

• To qualify for the Open Offer, a Shareholder must be registered as a member of the Company at the close of business on the Record Date and not be an Excluded Shareholder.

• To qualify for the Open Offer, a Shareholder must be registered as a member of the Company on the Record Date and not be an Excluded Shareholder.

• To qualify for the Rights Issue, a Shareholder must be registered as a member of the Company as at the close of business on the Record Date and not be an Excluded Shareholder.

• In the event that an investor of any Feeder Vehicle is excluded from any capital contribution to such Feeder Vehicle, the AIFM may allow such Feeder Vehicle to be treated as an Excluded Shareholder with respect to that portion of its Capital Contribution corresponding to the amount by which such Feeder Vehicle’s investor was excluded.

• Contribution Notices shall be issued pro rata among the Shareholders of each Sub-Fund based on Capital Commitments, with appropriate adjustments to reflect any Default, Excluded Shareholder, differences in any Advisory Fees payable, the termination or sanction of any Shareholder or other considerations in the AIFM’s reasonable discretion.

More Definitions of Excluded Shareholder

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;

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 a Shareholder that (i) is a Non-Resident; (ii) is a Tax Exempt Shareholder; (iii) is a partnership; or (iv) would acquire Exchangeable LP Units as a "tax shelter investment" for the purposes of the Tax Act or 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 any Shareholder (a) who is not an “accredited investor” as defined under Rule 501 of Regulation D of the Securities Act (or any similar or equivalent provision then in force), (b) who holds less than 0.5% of the issued and outstanding Shares, (c) who was an employee, consultant or service provider of the Company or any of its Subsidiaries and who is no longer being retained or employed by the Company or any of its Subsidiaries and (d) who is or was an employee, consultant or service provider of the Company or any of its Subsidiaries and who is, at the applicable time, in material breach of any noncompetition, nonsolicitation, confidentiality or similar restrictive provision to which such Shareholder is bound pursuant to any employment agreement or other agreement between such Shareholder and the Company or any of its Subsidiaries.

Excluded Shareholder means any Anatolia Shareholder who:

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