Ownership Restrictions definition
Examples of Ownership Restrictions in a sentence
Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that, after such delivery, (i) the Share Amount would exceed the Post-Effective Limit, (ii) the Dealer Group would directly or indirectly so beneficially own in excess of the Threshold Number of Shares, (iii) Dealer would directly or indirectly hold in excess of the Exchange Limit or (iv) such delivery would result in a violation of the Counterparty Stock Ownership Restrictions.
Dealer represents and warrants that, as of the Trade Date, if Dealer received the maximum number of Shares hereunder assuming both (i) Physical Settlement applies and (ii) no restrictions on the delivery of Shares hereunder were applicable, then the Counterparty Stock Ownership Restrictions would not apply so as to limit the number of Shares that Dealer could receive hereunder.
Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that, after such delivery, (i) the Share Amount would exceed the Applicable Share Limit, (ii) the Section 16 Percentage would exceed 4.9%, (iii) Party A Group would directly or indirectly so beneficially own in excess of the Threshold Number of Shares or (iv) such delivery would result in a violation of the Counterparty Stock Ownership Restrictions.
Licensee acknowledges and agrees that any breach of any of the obligations contained in Sections 3 (Ownership, Restrictions), 4 (Confidentiality) or 8 (Compliance with Laws) above will result in material and irreparable harm to FCA US.
The Investor shall use good faith efforts to cooperate (including providing the Company with annual certifications as reasonably requested by the Company and other documents and/or information as required by the FCC) with the Company in its compliance with the Alien Ownership Restrictions as they relate to the Registrable Securities owned by the Investor.