Permitted Group definition
Examples of Permitted Group in a sentence
No Obligor (other than the Parent) shall (and the Parent shall ensure that no other member of the Group will) incorporate or acquire a company or acquire (or acquire an interest in) shares or securities or a business or undertaking by making an investment or otherwise or incorporate any person, other than pursuant to a Permitted Group Transaction or a Permitted Joint Venture.
In addition, in any offering pursuant to a Demand Registration requested by a Permitted Group (but not by an Initial Holder), every other beneficial holder of Common Stock shall be entitled to participate.
No Alteration shall be made by Tenant or any Operating Subtenant without Landlord’s consent, in its sole discretion, if the same would reduce the number of licensed beds in such Facility below the Licensed Bed Capacity by more than five percent (5%).
A Group Sale Notice must include details of the entity or entities that the Group Sale Shareholder proposes to sell and whether the proposed transaction is a Permitted Group Sale Disposal, a Spin-off Disposal or a Whole Group Disposal.
Each such request by such Holders (or, in the case of an offering requested by a Permitted Group, other beneficial holders of Common Stock) shall specify the number of shares of Common Stock proposed to be registered.