Key Owner definition

Key Owner means ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and/or an entity or entities controlled by him or her, and “Majority Investor(s)” shall mean an Investor or the Investors holding a majority of the outstanding Notes. The Company shall give prompt written notice of any amendment, termination or waiver hereunder to any party that did not consent in writing thereto. Any amendment, termination or waiver effected in accordance with this Subsection 7.1 shall be binding on each party and all of such party’s successors and permitted assigns, whether or not any such party, successor or assignee entered into or approved such amendment, termination or waiver. For purposes of this Subsection 7.1, the requirement of a written instrument may be satisfied in the form of an action by written consent of the Investors circulated by the Company and executed by the Holder parties specified, whether or not such action by written consent makes explicit reference to the terms of this Agreement.
View Source
Key Owner means the individuals set forth on Schedule 11.1-KO.
View Source

Examples of Key Owner in a sentence

  • Buyer may, at its option and expense, purchase a term life insurance policy on the life of each Key Owner, with a limit and term to be determined in Buyer’s discretion and with benefits payable to Buyer (each a “Key Owner Life Policy”).

  • Sellers will cause each Key Owner to reasonably cooperate with Buyer in connection with Buyer’s efforts to obtain such insurance and take such actions (including, without limitation, obtaining such Key Owner’s consent and submitting to physical examinations) as may reasonably be required for such purpose.

  • This Agreement may be amended or terminated, and the observance of any term hereof may be waived (either generally or in a particular instance either retroactively or prospectively) only by a written instrument executed by (a) the Company; (b) the Key Owner (as defined below) and (c) the Majority Investor(s) (as defined below).

  • Notwithstanding the foregoing, nothing contained in this Section 5.7(a) shall prohibit Seller or any Key Owner or their respective Affiliates from the passive ownership of less than 2% of any class of stock listed on a national securities exchange or traded in the over-the-counter market.

  • Seller and each Key Owner accordingly agree that in the event of any actual or threatened breach by Seller or any Key Owner or any of their respective Affiliates of any of the provisions contained in this Section 5.7, Purchaser or the applicable Purchaser Designee shall be entitled to injunctive and other equitable relief without (A) posting any bond or other security, (B) proving actual damages and (C) showing that monetary damages are an inadequate remedy.

  • This Agreement may be amended or terminated, and the observance of any term hereof may be waived (either generally or in a particular instance either retroactively or prospectively) only by a written instrument executed by (a) the Company; (b) the Key Owner (as defined below) and the Majority Investor(s) on the date of such amendment (as defined below).

  • Type Initial Membership Fee Annual Dues (includes Key) Owner Member (voting member) $500-one-time fee 1st key--$150 2nd key--$150 After 6/13/22 late fee $25 Tenant Member (non-voting member) $500-one-time fee Annual Owner dues $150 plus Annual Tenant dues $150 TOTAL DUES $300 There is a two (2) key maximum per each legal Terramar lot/address.

  • Each Key Owner hereby covenants and agrees to promptly provide Buyer and its representatives with any assistance or cooperation as may be reasonably requested by Buyer in connection with its preparation of audited historical financial statements of the Company Group and unaudited pro forma combined financial statements of the Company Group and Buyer, to the preparation and/or filing of such financial statements are required by applicable Law.

  • Each Key Owner shall, and shall cause Seller to, perform and comply with each of the covenants set forth in this Agreement.

  • Each Key Owner acknowledges and agrees that such Person will derive substantial benefit from the consummation of the Transactions and such Person’s execution and delivery of this Agreement is a material inducement and condition to Purchaser’s willingness to enter into the Agreement and to consummate the Transactions.