Aggregate Ownership Limit means not more than 9.8 percent (in value or in number of shares, whichever is more restrictive) of the aggregate of the Outstanding Shares, or such other percentage determined by the Manager in accordance with Section 13.9.

Aggregate Ownership Limit means, in respect of an Initial Offering or a Subsequent Offering, not more than 10% of the aggregate Outstanding Interests of a Series, and in respect of a Transfer, not more than 19.9% of the aggregate Outstanding Interests of a Series, or in both cases, such other percentage set forth in the applicable Series Designation or as determined by the Managing Member in its sole discretion and as may be waived by the Managing Member in its sole discretion.

Aggregate Ownership Limit means 9.8% either in number of Shares or value (whichever is more restrictive) of the outstanding Shares of the Trust.

Examples of Aggregate Ownership Limit in a sentence

Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member.
Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Unit per Member.
No Person, other than an Excepted Holder, shall Beneficially Own or Constructively Own Shares in excess of the Aggregate Ownership Limit and (2) no Excepted Holder shall Beneficially Own or Constructively Own Shares in excess of the Excepted Holder Limit for such Excepted Holder.
Subject to ‎ Section 4.5 the Managing Member, in its sole discretion, may exempt (prospectively or retroactively) a Person from the Aggregate Ownership Limit and/or the Series Interest Ownership Limit, as the case may be, and may establish or increase an Excepted Holder Limit for such Person.
No Excepted Holder Limit shall be reduced to a percentage that is less than the Common Share Ownership Limit or Aggregate Ownership Limit, as applicable.

More Definitions of Aggregate Ownership Limit

Aggregate Ownership Limit means 9.8% in value of all the outstanding Capital Stock. The number and value of shares of the outstanding shares of Capital Stock shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes thereof.

Aggregate Ownership Limit shall have the meaning set forth in Section 6.7(a)(3) of the Company's Declaration of Trust.

Aggregate Ownership Limit means, for all Investor Members other than the Managing Member, the greater of (a) 19.9% of the aggregate Outstanding Interests of a Series, or (b) such other percentage set forth in the applicable Series, unless such Aggregate Ownership Limit is otherwise waived by the Managing Member in its sole discretion.

Aggregate Ownership Limit means, in respect of a transfer, not more than 19.99% of the aggregate outstanding units of a Series, which may be waived by the Manager in its sole discretion.

Aggregate Ownership Limit means 9.9% of the aggregate value of all outstanding Equity Stock. The value of the outstanding Equity Stock shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

Aggregate Ownership Limit means, in respect of an Initial Offering or a Subsequent Offering, not more than 10% of the aggregate Outstanding Interests of a Series, and in respect of a Transfer, not more than 19.9% of the aggregate Outstanding Interests of a Series, or in both cases, such other percentage set forth in the applicable Series Designation or Interest Designation or as determined by the Managing Member in its sole discretion and as may be waived by the Managing Member in its sole discretion.

Aggregate Ownership Limit means, except as otherwise provided pursuant to subsection F(11) of this Article V, 9.8% in value of the aggregate of the outstanding shares of Capital Stock. The