Examples of Minimum Ownership Amount in a sentence
This Agreement shall automatically terminate at the later of (i) such time as each of iStar’s rights and obligations hereunder has terminated in accordance with their terms and (ii) the date on which iStar and its Affiliates collectively cease to Own the Minimum Ownership Amount.
Upon reasonable request of the Company, each Purchaser shall provide to the Company a representation, which may be by e-mail, as to whether or not such Purchaser continues to own the Minimum Ownership Amount.
For so long as GICRE and its Affiliates collectively Own at least the Minimum Ownership Amount, GICRE shall have the right (in accordance with this Section 2.2), but not the obligation, to purchase from the Company, and the Company shall have the obligation to sell to GICRE, in each calendar quarter following the Closing, up to an aggregate number of shares of New Common Stock equal to the Quarterly Top Up Shares (defined below) for the prior quarter (such right, the “Quarterly Top Up Right”).
Subject to its compliance with clause 5.2, the Supplier shall not be considered to be in breach of this Agreement in respect of any Inability to Supply.
The Articles of Incorporation and/or Bylaws of MESA ---------- and each of its operating subsidiaries will be amended in a form acceptable to the Company and the Purchasers in order to effectuate the corporate governance provisions described in subparagraph (a) and (b) above and to prevent such provisions from being circumvented through subsequent amendments for so long as the Purchasers continue to own the Minimum Ownership Amount.