Share Ownership Limit definition

Share Ownership Limit means, as to any class or series of Shares, 9.9% (in value or in number of shares, whichever is more restrictive) of the aggregate number of the outstanding Shares in such class or series. The number and value of outstanding Shares in such class or series shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.
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Share Ownership Limit means:
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Share Ownership Limit means not more than 9.8% (in value or in number of Shares, whichever is more restrictive) of the aggregate of the outstanding Shares of the Company. The number and value of outstanding Shares of the Company shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.
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Examples of Share Ownership Limit in a sentence

  • No Excepted Holder Limit shall be reduced to a percentage that is less than the Common Share Ownership Limit.

  • Subject to Section 6.1.1(a)(ii), an underwriter which participates in a public offering or a private placement of Shares (or securities convertible into or exchangeable for Shares) may Beneficially Own or Constructively Own Shares (or securities convertible into or exchangeable for Shares) in excess of the Aggregate Share Ownership Limit, the Common Share Ownership Limit or both such limits, but only to the extent necessary to facilitate such public offering or private placement.

  • Except as provided in Paragraph E of this Article FIFTH, from the Public Listing Date and through and including the Ownership Limitation Termination Date, no Person shall Beneficially Own, or enter into any agreement, understanding, arrangement or substantial negotiations (within the meaning of Treasury Regulations Section 1.355-7(h)(1)) to Beneficially Own, in each case, Capital Stock in excess of the applicable Share Ownership Limit.

  • As soon as practicable following its receipt of notice from the Corporation that Capital Stock has been transferred to a Trust, the Trustee of the Trust shall sell the Capital Stock held in the Trust to a Person, designated by the Trustee, whose Beneficial Ownership of the Capital Stock will not (when taken together with all other Capital Stock Beneficially Owned by such Person) violate the Share Ownership Limit and that is not otherwise a Prohibited Owner.

  • Nothing contained in this Article FIFTH shall limit the authority of the Corporation to take such action as it deems necessary or advisable to ensure all relevant Persons comply with the applicable Share Ownership Limit and this Article FIFTH, or to take such other actions as the Corporation otherwise has the authority to take.


More Definitions of Share Ownership Limit

Share Ownership Limit means the Aggregate Share Ownership Limit and the Common Share Ownership Limit, each as defined in the Charter.
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Share Ownership Limit has the meaning set forth in the Declaration of Trust.
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Share Ownership Limit means not more than 9.8% in value of the aggregate of the outstanding shares of capital stock and not more than 9.8% (in value or in number of shares, whichever is more restrictive) of any class or series of shares of capital stock.
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Share Ownership Limit means the restrictions contained in the Company's Declaration of Trust provided that, subject to certain exceptions, no individual shareholder may own, or be deemed to own by virtue of the attribution provisions of the Code, more than 9.8 percent of the aggregate number or value of the Company's outstanding shares of beneficial interest.
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Share Ownership Limit means 9.8% in value of the aggregate of the outstanding Shares and 9.8% (in value or in number of Shares, whichever is more restrictive) of any class or series of Shares, or such other percentage determined by the Board in accordance with Section 5.7(ii)(h) hereof.
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Share Ownership Limit means 9.8% in value or in number, whichever is more restrictive, of any class or series of outstanding Shares of the Company excluding any outstanding Shares not treated as outstanding for U.S. federal income tax purposes.FIFTH: The second sentence of Section 5.1 of the Agreement is hereby replaced in its entirety with the following:Subject to any Share Designation, distributions with respect to a class of Shares shall be paid to Members in proportion to their respective Percentage Interests.SIXTH: Section 3.1(i) of the Agreement is hereby amended and restated in its entirety to read as follows:
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Share Ownership Limit means (i) the restrictions on ownership and transfer of Common Shares provided in Article VII of the Company Charter, and (ii) any other restrictions on ownership and transfer set forth in the Company Charter.
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