Exempted Transaction definition
Exempted Transaction means a securities transaction listed in Section D.2. The purchase or sale of a security through an Exempted Transaction generally IS exempted from the prohibition on purchases in Section D.1., and the sale pre-approval requirements in Section D.3., UNLESS otherwise noted in Section VI. An Exempted Transaction generally IS NOT exempted from the general conduct guidelines in Section C, or the reporting requirements in Section E.1.
Exempted Transaction means any transaction that the Board of Directors determines, in its sole discretion, is an “Exempted Transaction,” which determination shall be irrevocable.
Exempted Transaction means any transaction that the Board of Directors determines, in its sole discretion, is exempt from this Agreement, which determination shall be made in the sole and absolute discretion of the Board of Directors prior to the date of such transaction, including, without limitation, if the Board of Directors determines that (i) neither the Beneficial Ownership of shares of Common Stock by any Person, directly or indirectly, as a result of such transaction nor any other aspect of such transaction would jeopardize or endanger the availability to the Company of the Tax Benefits or (ii) such transaction is otherwise in the best interests of the Company. In granting an exemption under this definition, the Board of Directors may require any Person who would otherwise be an Acquiring Person to make certain representations or undertakings or to agree that any violation or attempted violation of such representations or undertakings will result in such consequences and subject to such conditions as the Board of Directors may determine in its sole discretion, including that any such violation shall result in such Person becoming an Acquiring Person.
Examples of Exempted Transaction in a sentence
The definition of Acquiring Person excludes any Exempted Person (as defined below) and any person who would become an Acquiring Person solely as a result of an Exempted Transaction (as defined below).
More Definitions of Exempted Transaction
Exempted Transaction means any transaction that the Board of Directors of the Company determines, in its sole discretion, is an “Exempted Transaction,” which determination shall be irrevocable.
Exempted Transaction means any transaction that the Board, in its sole discretion, has declared exempt pursuant to Section 35, which determination shall be irrevocable with respect to such transaction.
Exempted Transaction means the transfer of goods outside the State by any VAT dealer otherwise than by way of sale;
Exempted Transaction means any transfer or issue of shares and/or
Exempted Transaction shall have the meaning set forth in the definition of Acquiring Person, as amended herein.
Exempted Transaction shall have the meaning set forth in Section 1(a).
Exempted Transaction means a foreign exchange forward transaction (FX forward) that is physically settled and is entered into in order to facilitate payment for identifiable goods, services or direct investments as described in Article 10.1(b) of the Commission Delegated Regulation (EU) no. 2017/565 of 25 April 2016 and is not traded on a trading venue.