Sunset Date definition

Sunset Date means the first date following the date upon which the Significant Stockholder ceases to be the beneficial owner of at least 15% of the outstanding shares of common stock of the Corporation, determined in accordance with, and subject to, paragraph (iv) of Article II, Section 2(b) hereof.

Sunset Date means the first date after the date of adoption of these Articles on which Grupo VM and its Affiliates in the aggregate beneficially own less than 15% of the issued and outstanding Company Ordinary Shares;

Sunset Date means the earlier of 4 December 2005 and such other date as may be nominated by the State under paragraph 8.1(i).

Examples of Sunset Date in a sentence

• If, after the Sunset Date, the ULSE Companies no longer Beneficially Own shares of Voting Stock representing, in the aggregate, ten percent (10%) or more of the voting power of the then-outstanding Voting Stock, ULSE shall not be entitled to designate any individuals for nomination by the Board of Directors pursuant to the rights afforded to ULSE under this Section 6.7(a).

• Each outstanding share of Class B Common Stock shall automatically convert into one (1) fully paid and nonassessable share of Class A Common Stock upon the earlier of (i) the Transfer of such share if, after such Transfer, such share is not Beneficially Owned by a ULSE Company, and (ii) the Sunset Date.

• From and after the Sunset Date, subject to the rights of the holders of series of Preferred Stock and to the requirements of applicable law, special meetings of stockholders may be called only by or at the direction of the chairperson of the Board of Directors, the Chief Executive Officer or the Board of Directors pursuant to a resolution adopted by the affirmative vote of the Board of Directors.

• From and after the Sunset Date, subject to the rights of the holders of series of Preferred Stock, no action required or permitted to be taken at any annual or special meeting of stockholders may be taken without a meeting or by consent.

• Subject to the rights of the holders of any series of Preferred Stock then outstanding in respect of Preferred Stock Directors and the Stockholder Agreement, from and after the Sunset Date, any Director may be removed only for cause and only by an affirmative vote of holders of at least two-thirds of the Voting Stock at a meeting duly called for that purpose.

More Definitions of Sunset Date

Sunset Date means the first date after the Effective Date on which Grupo VM and its Affiliates in the aggregate beneficially own less than 15% of the issued and outstanding Shares.

Sunset Date means the date determined by the Board of Directors that is not less than 9 months and not more than 18 months following the occurrence of a Sunset Event and, if no such date is determined by the Board of Directors, the date that is 9 months following the occurrence of a Sunset Event;

Sunset Date means the date which is 5 ½ years after the day that the Buyer enters into the Contract (or if the Buyer requests a later date for settlement and the Seller agrees to that date, the later date).

Sunset Date means the first date on which the Principal Stockholders, in the aggregate, beneficially own (as determined in accordance with the Stockholders’ Agreement) 50% or less of the Common Stock then outstanding.

Sunset Date means the date of the first annual meeting of shareholders of New VWE Holdco that is held after the fifth anniversary of the effective date of the New VWE Holdco articles of incorporation.

Sunset Date means the first day of the twentieth

Sunset Date means the seventh anniversary of the Effective Date, as it may be extended from time to time by the Board of Directors.