Examples of Exempt Holder in a sentence
The placement period is usually during the second year of study.With the 4-year model, the study placement may be accredited to the student‟s final degree classification or there may be pass/fail criteria.
Except as provided in Section 4(l) of this Division C of this Article FOURTH, any Transfer that, if effective, would result in any Person (other than the Exempt Holder) Beneficially Owning Common Shares in excess of the Ownership Limit shall be void ab initio as to the Transfer of such Common Shares which would be otherwise Beneficially Owned by such Person in excess of the Ownership Limit, and the intended transferee shall acquire no rights in such Common Shares.
The Board of Directors may exempt the Exempt Holder from the Exempt Holder Limit should it determine that the Beneficial Ownership of the Exempt Holder does not result in the Corporation being “closely held” within the meaning of Section 856(h) of the Code; provided, however, that notwithstanding the foregoing, this paragraph (iv) shall not be interpreted as a waiver of, or exemption from, the restriction in Section 4(b)(vi).
These activities should be designed with the goal of improving habitat, improving water quality, and maintaining biological and morphological integrity.
In the event that any provision of this Agreement shall be held illegal by a court of last resort of Pennsylvania or of the United States or by a court of competent jurisdiction from whose judgment or decree no appeal has been taken within the time provided for doing so, then such provision shall be deemed invalid and not subsisting, except to the extent permitted by law.