Examples of Subject Holder in a sentence
Subject Holder means any holder who, but for the second paragraph of Section 1 hereof, would beneficially own 10% or more of the outstanding Common Stock of the Company.
No Subject Holder may Transfer all or any part of the Series C Preferred Stock or the Series B Preferred Stock held by such Subject Holder prior to December 31, 2014 (the “Trigger Date”), except in the case of a Transfer to a Permitted Transferee; provided, however, that, upon the Company’s receipt of prior written notice thereof from the Subject Holder, the Board of Directors may approve or reject a proposed Transfer other than to a Permitted Transferee prior to the Trigger Date in its sole discretion.
Notwithstanding the foregoing, Transfers permitted in paragraphs (A) and (B) above shall in no manner be construed to relieve the Subject Holder from his or her obligation to comply with any applicable federal or state securities law, rule or regulation relating to the transfer of securities.
During the period under review, representatives of the Territory, as in previous years, participated in regional and international conferences and programmes organized by Governments, international organizations and multilateral agencies.
Prior to the Closing, Seller Parties will, or will cause a Seller Subsidiary to, acquire from each Subject Holder which owns or holds Common Stock, all shares of Common Stock owned or held by such Subject Holder, which shares of Common Stock will be included in the Seller Company Securities.