Inactive Shareholder definition

Inactive Shareholder has the meaning set forth in Section 11.6. “Included Books and Records” has the meaning set forth in Section 2.1(g). “Included Contracts” has the meaning set forth in Section 2.1(b). “Included Lease” has the meaning set forth in Section 2.1(d). “Included Personal Data” has the meaning set forth in Section 2.1(i). “Indemnifying Party” means the party from whom indemnification is sought pursuant to Article 9.
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Inactive Shareholder means a Shareholder who is deemed to be an Inactive Shareholder pursuant to Section 8.1(a)
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Inactive Shareholder means a Shareholder after any of the following events occur with respect to such Shareholder:
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Examples of Inactive Shareholder in a sentence

  • In the event the Inactive Outreach Services do not establish contact with an Inactive Shareholder, Transfer Agent will mail a notice of escheatment to the shareholder or the payee of an outstanding check (the “Due Diligence Letters”) based on mailing schedules as established by the Transfer Agent that facilitate compliance with its good faith interpretation of applicable state escheatment laws.

  • Transfer Agent will annually mail one letter to each Inactive Shareholder requesting that they contact Transfer Agent to keep their accounts in active status.

  • Transfer Agent will place a maximum of three calls to each Inactive Shareholder whose account worth exceeds threshold amounts established by the Funds in an attempt to activate such shareholder’s account status.

  • If a Shareholder becomes an Inactive Shareholder before the Time of Closing of a Sale Transaction pursuant to the provisions of Article 13 as a result of the death of the Shareholder, the provisions of Article 14 shall apply and the provisions of this Article (except for this section) shall be suspended until completion of the Sale Transaction contemplated by Article 14.

  • The Purchase Option shall be exercisable by the Other Shareholder at any time within thirty days following receipt of notice of the Triggering Event (the “Exercise Period”) upon notice in writing (the “Exercise Notice”) to the Inactive Shareholder or his Representative and the Corporation.

  • If a Shareholder becomes an Inactive Shareholder pursuant to this Article 14.1, the Inactive Shareholder or his Representative shall have the right, upon notice to the Corporation (the “Compulsory Purchase Notice”) within thirty days following the expiry of the Exercise Period (the “Compulsory Purchase Period”), to require the Corporation or the Inactive Shareholder, either personally or through a holding company, to purchase the Purchased Shares.

  • Following a Triggering Event pursuant to this Article 14, an Inactive Shareholder shall only be entitled to transfer his Shares in accordance with this Article and the provisions of any other buy-sell provisions of this Agreement shall be suspended and inoperative with respect to such Inactive Shareholder.

  • The purchase price (the “Purchase Price”) for the Purchased Shares of the Inactive Shareholder (the “Vendor”) shall be the product obtained by multiplying the number of Purchased Shares and the Fair Market Value of the Shares determined in accordance with the provisions of Article 16.

  • The Inactive Shareholders will not have any Liability under this Agreement, the Ancillary Agreements or the transactions contemplated hereby or thereby, whether directly or for any obligations of the Active Shareholders, the Sellers, the Selling Parties Representative or any other party to this Agreement or any Ancillary Agreement, except with respect to any intentional fraud by such Inactive Shareholder or (in the case of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇) in accordance with the Noncompetition Agreement signed by him.

  • Boston Financial will send a file to the UPA Subcontractor listing (i) Inactive Shareholder accounts, (ii) RPO accounts which were unresponsive to the two required SEC searches, and (iii) accounts reflecting outstanding checks.