Significant Holder Period definition

Significant Holder Period means the period beginning on the Effective Date and ending on the first Business Day following the date on which the Investor Stockholder Beneficially Owns a number of Company Shares less than one percent (1%) of the then issued and outstanding Company Shares.
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Significant Holder Period means the period beginning on the date of this Agreement and ending on the first Business Day following the later of the date on which (x) the Shareholder and its Group Members collectively Beneficially Own a number of Shares less than 5% of the then issued and outstanding shares of Common Stock, (y) the Shareholder no longer has the right, under Article 6 of this Agreement, to designate an individual for election to the Board of Directors and (z) the director designated by the Shareholder for appointment or election to the Board of Directors ceases serving on the Board of Directors as the Shareholder Designee.
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Significant Holder Period means the period beginning on the date of the Closing and ending on the first Business Day following the latest of the date on which (i)(x) for purposes of Section 5 only, the Investor Stockholders collectively Beneficially Own a number of Purchaser Shares less than fifteen percent (15)% of the then issued and outstanding Purchaser Shares, or (y) for all other purposes of this Agreement, the Investor Stockholders collectively Beneficially Own a number of Purchaser Shares less than ten percent (10)% of the then issued and outstanding Purchaser Shares, and (ii) the Investor Stockholders no longer have the right, under Section 2(a) of this Agreement, to designate an individual for election to the Board.
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Examples of Significant Holder Period in a sentence

  • Such proxies and powers shall be irrevocable with respect to the Investor Stockholder during the Significant Holder Period, and shall survive the bankruptcy or dissolution of the Investor Stockholder and the subsequent holders of its Company Shares.

  • During the Significant Holder Period, with respect to any Company Proposal that the Investor Stockholder is required to vote on in accordance with Section 4(a), the Investor Stockholder shall cause each Company Share owned by it or over which it has voting control to be voted by completing the proxy forms distributed by the Company, and not by any other means.

  • During the Significant Holder Period, the Investor Stockholder agrees to notify the Company of its and its Permitted Transferee’s Beneficial Ownership of the Company Shares within five (5) Business Days of a written request from the Company.

  • During the Significant Holder Period, with respect to any Company Proposal that the Investor Stockholders are required to vote on in accordance with Section 5(a), each Investor Stockholder shall cause each Purchaser Share owned by it or over which it has voting control to be voted by completing the proxy forms distributed by the Company, and not by any other means.

  • Such proxies and powers shall be irrevocable with respect to each Investor Stockholder during the Significant Holder Period, and shall survive the bankruptcy or dissolution of such Investor Stockholder and the subsequent holders of its Purchaser Shares.