Qualified Shareholders definition
Examples of Qualified Shareholders in a sentence
For further certainty, a Purchaser will have no obligation to provide any information regarding whether the direct or indirect owners of interests in the Purchaser are Qualified Shareholders.
Parent shall have no obligation to cause the Registration Statement to be declared effective by the SEC if the Qualified Shareholders fail to comply with the information and cooperation obligations set forth in this Section 6.14.
If the Corporation does not exercise its option, the remaining Qualified Shareholders shall have the option, for thirty (30) days following the expiration of the Corporation's option, to purchase the Stock offered.
This Agreement shall terminate automatically upon the bankruptcy or dissolution of the Corporation, upon the occurrence of any event which reduces the number of Qualified Shareholders to zero or upon the deaths of all the Qualified Shareholders.
In its capacity as a Noteholder or Qualified Shareholder, the Holder (and each Affiliate of the Holder) may act, and may direct the Holder to act or omit to act, in accordance with this Agreement solely in its own interests and without any regard to the interests of other Noteholders or Qualified Shareholders.
The shares of Kratos Common Stock issuable to the Qualified Shareholders pursuant to the terms of this Agreement, and such other shares required to be reserved for issuance in connection with the Merger, shall have been authorized for listing on the Nasdaq Global Select Market upon official notice of issuance.
In lieu of fractional shares that would otherwise be issued to the Qualified Shareholders under this Agreement, Qualified Shareholders that would have been entitled to receive a fractional share shall receive such whole number of shares of Kratos Common Stock as is equal to the precise number of shares of Kratos Common Stock to which such person would be entitled rounded up to the nearest whole number.
Upon the death of a Qualified Stockholder, the Corporation shall be obligated to purchase all of the decedent's Stock, and such deceased Qualified Shareholder's spouse and executor or administrator shall be obligated to sell such Stock to the Corporation.
The selling Qualified Shareholder may withdraw the offer as to the Stock at anytime prior to the acceptance thereof by the remaining Qualified Shareholders.
Prior to any involuntary disposition of Stock, the Qualified Shareholder who owns such Stock or their representative shall send written notice thereof by certified or registered mail, return receipt requested, disclosing in full to the Corporation and the other Qualified Shareholders the nature and details of such involuntary disposition and the Corporation shall have the option to purchase any such Stock for ninety (90) days after the sending of such written notice.