Ownership Event definition

Ownership Event means the occurrence of any of the following: (a) Borrower becomes an “affiliate” of the Issuer within the meaning of
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Ownership Event shall occur if (i) the Permitted Holder, or a Family Member, or a trustee of any trust or any (charitable or family) foundation of which the Permitted Holder or a Family Member are beneficiaries, grantors, settlors or founders (as the case may be), whether such holding is directly or indirectly through an Affiliate of the Permitted Holder or a Family Member, ceases to hold at least 20 per cent. of the Voting Rights of the Issuer and (ii) the Permitted Holder ceases to hold the office of Chief Executive Officer (amministratore delegato) of the Issuer;
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Ownership Event means the occurrence of any of the following: (a) Borrower becomes an “affiliate” of the Issuer within the meaning of Rule 144, (b) Borrower becomes an “insider” of the Issuer within the meaning of Section 16 of the Exchange Act, or (c) Borrower’s Beneficial Ownership or Borrower Group’s “long” position in the Shares (including through stock ownership, or synthetically through swaps, forwards, options, other derivative positions, other call equivalent positions (as defined in Rule 16a-1 under the Exchange Act), whether cash or physically settled or otherwise, whether or not these positions convey “beneficial ownership” within the meaning of Rule 13d-3 or 13d-5 under the Exchange Act, and calculated without netting against any short positions) exceeds 9.9% of the total Shares outstanding. For this purpose, “Borrower’s Beneficial Ownership” means the “beneficial ownership” (within the meaning of Section 13 of the Exchange Act and the rules promulgated thereunder (collectively, “Section 13”)) of Shares, without duplication, by Borrower, together with any of its affiliates or other person subject to aggregation with Borrower under Section 13 for purposes of “beneficial ownership”, or by any “group” (within the meaning of Section 13) of which Borrower or any such affiliate or other person is or may be deemed to be a part (Borrower and any such affiliates, persons and groups, collectively, “Borrower Group”) (or, to the extent that, as a result of a change in law, regulation or interpretation after the date hereof, the equivalent calculation under, if applicable, Section 16 of the Exchange Act and the rules and regulations thereunder results in a higher number, such number).
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Examples of Ownership Event in a sentence

  • Dealer will not knowingly cause the occurrence of an Ownership Event on any day during the term of this Transaction for the purpose, in whole or in part, of causing the occurrence of a Termination Settlement Date.

  • If a Change of Ownership Event or a Change of Management Event shall occur.

  • Dealer will not knowingly cause the occurrence of an Ownership Event on any day during the term of this Transaction for the purpose, in whole or in part, of causing the occurrence of an Termination Settlement Date.

  • Genco Public Ownership Event" has the meaning assigned to that term in the Genco Option Agreement.

  • Regco will use its best efforts to satisfy all Regulatory Conditions to Genco Public Ownership Event on or prior to June 30, 2002.

  • Subject only to the satisfaction of such conditions, Regco will cause a Genco Public Ownership Event to occur on or prior to June 30, 2002.

  • In connection with the organization of Genc▇ ▇▇ ▇▇ the Genco Public Ownership Event, REI and Genco will enter into agreements regarding such mutual releases and indemnities similar in effect to those set forth in Article III as REI shall specify.

  • Make any investments (whether by purchase of stocks, bonds, notes or other securities, loan, extension of credit, advance or otherwise) other than (a) Permitted Investments, (b) the Lease Buyout and (c) the Mammoth Ownership Event; provided that, for purposes of this Section 6.6, capital expenditures provided for in the then-current Capital Expenditures Budget shall not constitute investments.

  • Dealer will not knowingly cause the occurrence of an Ownership Event on any day during the term of the Transaction for the purpose, in whole or in part, of causing the occurrence of a Termination Settlement Date.

  • If at any time a Minimum Ownership Event occurs, the right of Investor pursuant to this Section 1(f)(i) to name an Investor Replacement Director to fill the vacancy caused by the resignation or removal of the Investor Affiliated Director shall automatically terminate.