Percentage Stock Ownership definition
Examples of Percentage Stock Ownership in a sentence
Notwithstanding the foregoing, the Board shall not be empowered to cause any exchange of Rights for Common Stock to occur at any time after (i) the Percentage Stock Ownership of any Person (other than an Exempt Person), together with all Affiliates and Associates of such Person, becomes fifty percent (50%) or more or (ii) the occurrence of a Flip-Over Event.
A Request shall include: (1) the name, address and telephone number of the Requesting Person; (2) the number and Percentage Stock Ownership of Corporation Securities (by type) then beneficially owned by the Requesting Person; (3) a reasonably detailed description of the Proposed Transaction or Proposed Transactions for which the Requesting Person seeks authorization; and (4) a request that the Board authorize the Proposed Transaction pursuant to this Section 6(c).
The parties agree that from and after any reduction to the Notes any amounts subsequently paid to or received ASIX or by Buyer, directly or indirectly, from customers with respect to such Accounts Receivable shall be promptly paid over to the Sellers whose Notes were adjusted, pro rata based on their Percentage Stock Ownership as indicated in Schedule 1.2.
No Shareholder Party shall Transfer any shares of Preferred Stock without the Company’s written consent, except that shares of Preferred Stock shall be freely Transferable by any Shareholder Party to any Affiliate of such Shareholder Party (any such Affiliate transferee, an “Affiliated Assignee”); provided that any such Transfer, after giving effect to such Transfer, would not result in an increase in the Percentage Stock Ownership of any Substantial Holder within the meaning of the Articles.
In identifying any Acquiring Person, including the Percentage Stock Ownership of such Person, the Board is entitled to rely on the existence and absence of filings of Schedule 13D or 13G under the Securities Exchange Act of 1934, as amended (or similar filings), as of any date, subject to its actual knowledge of the ownership of Company Securities.