Protected holder definition

Protected holder means the holder of an instrument which was complete when he took it or which was incomplete within the meaning of paragraph`1 of article`12 and was completed in accordance with authority given, provided that when he became a holder:
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Protected holder means a person that satisfies the requirements of Article 17(1).
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Protected holder means a holder who meets the requirements of article 29;
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Examples of Protected holder in a sentence

  • If a Protected Partner elects to receive the units described in Section 3.1(a)(ii), Section 3.2(a)(ii), Section 3.3(a)(ii) or Section 3.3(a)(iii) with respect to a Fundamental Transaction, such Protected Holder shall be entitled to the continuation of the protections set forth in this Agreement with respect to the equity interests received in the acquiror partnership, including with respect to the covenants set forth in ARTICLE II and this ARTICLE III.

  • If after the Series B Issuance Date and prior to the fifth anniversary of the Series B Issuance Date, ETE takes or causes to occur any Tax Acceleration Event that results in the recognition by a Protected Holder of Protected Holder Tax Gain, such Protected Holder shall be entitled to receive the Protected Holder Indemnity Amount.

  • The exercise of warrants by a Protected Holder, other than options or warrants issued to such Protected Holder pursuant to Sections 3.6(a), (b) or (c) hereof, shall also result in an adjustment of the number of shares pursuant to this Section 3.6(d).

  • In such event, such additional shares of the capital stock of the Corporation and such additional warrants as shall be necessary to result in such percentage ownership shall be issued to each Protected Holder accordingly.


More Definitions of Protected holder

Protected holder means a holder of Series B Units (or of Common Units received upon conversion of Series B Units pursuant to Section 5.9(b)(vii), but not including any holder of MLP Common Units received upon a conversion of Series B Units) (a) who received Series B Units pursuant to the terms of the Sigma Merger Agreement or (b) whose tax basis in such holder’s Series B Units or Common Units is determined in whole or in part by reference to the tax basis of a Protected Holder described in clause (a) herein. Notwithstanding the foregoing, a Protected Holder shall not include a holder of Series B Units (or of Common Units) if such holder retains, either directly, pursuant to clause (a) herein, or indirectly, pursuant to clause (b) herein, less than 40% of the excess of the Series B Units received by such holder pursuant to the terms of the Sigma Merger Agreement over any of such holder’s Series B Units redeemed pursuant to Section 5.9(b)(viii) (treating as Series B Units, for this purpose, Series B Units for which Common Units were received upon conversion of such Series B Units pursuant to Section 5.9(b)(vii)).
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Related to Protected holder

  • Protected Person means: (i) the members of the Board; (ii) the Administrator and its Affiliates; (iii) any Member; (iv) any Officer; or (v) any Person who serves at the request of the Board on behalf of the Company as an officer, director, partner, member, stockholder or employee of any other Person.

  • Excluded Holder means (a) any Person who at the time this Plan was adopted was the beneficial owner of 20% or more of the outstanding Common Stock; or (b) the Company, a Subsidiary or any Employee Benefit Plan of the Company or a Subsidiary or any trust holding Common Stock or other securities pursuant to the terms of an Employee Benefit Plan.

  • Disqualified Holder means any holder of shares of stock of the Corporation whose holding of such stock, either individually or when taken together with the holding of shares of stock of the Corporation by any other holders, may result, in the judgment of the Board of Directors, in the loss of, or the failure to secure the reinstatement of, any license or franchise from any governmental agency held by the Corporation or any of its subsidiaries to conduct any portion of the business of the Corporation or any of its subsidiaries.

  • Protected Information means PHI provided by CE to BA or created, maintained, received or transmitted by BA on CE’s behalf.