Purported Owner definition

Purported Owner means any Purported Beneficial Holder, Purported Beneficial Transferee, Purported Record Holder or Purported Record Transferee, as the case may be.
View Source
Purported Owner has the meaning set forth in Section 5.16(b).
View Source
Purported Owner means, with respect to any purported acquisition that would result in a violation of the limitations in Section 6.2, the Person who would have owned shares of Stock if such acquisition had been valid under Section 6.2 and, if appropriate in the context, shall also mean any Person who would have been the record owner of the shares that the Purported Owner would have so owned.
View Source

Examples of Purported Owner in a sentence

  • Upon acquisition by any Permitted Transferee of any Excess Shares sold by the Share Escrow Agent or the Purported Owner, such shares shall upon such sales cease to be Excess Shares and shall become regular shares of Capital Stock in the class to which the Excess Shares belong, and the purchaser of such shares shall acquire such shares free of any claims of the Share Escrow Agent or the Purported Owner.

  • The Share Escrow Agent shall have the power to convey to the purchaser of any Excess Shares sold by the Share Escrow Agent ownership of the Excess Shares free of any interest of the Purported Owner of those Excess Shares and free of any other adverse interest arising through the Purported Owner.

  • The Share Escrow Agent also agrees to hold in escrow, subject to the provisions of this Agreement, any amounts it receives from the Corporation or any Purported Owner of Excess Shares in respect of Excess Shares Dividends.

  • The Share Escrow Agent shall distribute to the Purported Owner the amounts received upon such liquidation, dissolution or winding up or distribution in accordance with the provisions of Section 6.

  • If, notwithstanding the foregoing prohibition, a Person shall, voluntarily or involuntarily, become or attempt to become the purported beneficial owner (the "Purported Owner") of shares of Voting Stock in excess of ten percent (10%) of the issued and outstanding shares of Voting Stock, the number of shares in excess of ten percent (10%) shall be deemed to be "Excess Shares," and the holder thereof shall be entitled to cast one hundredth (1/100) of one vote per share for each Excess Share.

  • Until such time as the Excess Shares are transferred to a person whose acquisition thereof will not violate the limitation set forth in Section 1 of this Article IV (a "Permitted Transferee"), the transferor of the Excess Shares to the Purported Owner (the "Purported Owner's Transferor") shall be deemed to have retained the Excess Shares and shall hold and be entitled to exercise all rights incident to ownership of such Excess Shares.


More Definitions of Purported Owner

Purported Owner means any Person who would, but for the provisions of this Section 5, acquire Restricted Stock pursuant to a Transfer prohibited pursuant hereto.
View Source
Purported Owner means any Person who Acquires any Stock in any transaction that would be in violation of any prohibition set forth in Section 2 hereof;
View Source