Initial Ownership means, with respect to any Shareholder, the number of shares of Common Stock beneficially owned (and (without duplication) which such Persons have the right to acquire from any Person) as of the Effective Time, or in the case of any Person that shall become a party to this Agreement on a later date, as of such date, taking into account any stock split, stock dividend, reverse stock split or similar event.
Initial Ownership means, with respect to any Shareholder and any class of Company Securities, the Aggregate Ownership of such class by such Shareholder as of the date hereof, or, in the case of any Person who shall become a party to this Agreement on a later date, as of such later date, in each case taking into account any stock split, stock dividend, reverse stock split or similar event.
Initial Ownership. The relative Ownership Interest of the Members existing upon the execution of this Agreement entitling the holders thereof to all the benefits of ownership in the Company, but which Ownership Interests may be changed from time to time as set forth in this Agreement.
Examples of Initial Ownership in a sentence
Owner’s Name: Street Address: City: County: State: Zip Code: Telephone: Sex: M F Ethnic Group: Ownership is by: An Individual Person Other (Describe Other) Date of Initial Ownership: (Date)% Ownership: % Number of Shares Owned: U.S. Citizen: No Yes20.
Owner’s Name: Street Address: City: County: State: Zip Code: Telephone: Sex: M F Ethnic Group: Ownership is by: An Individual Person Other (Describe Other) Date of Initial Ownership: (Date)% Ownership: % Number of Shares Owned: U.S. Citizen: No Yes21.
Regardless of whether such event is continuing, the Facility, together with any sum payable under the Facility shall be immediately due and payable, the Customer shall purchase the balance of the Bank’s Initial Ownership Interest pursuant to the Purchase Undertaking, and all the security created in relation to the Facility shall be immediately enforceable.
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The “net” Appraised Value at Resale (with Value of Capital Improvements subtracted) multiplied by the Homeowner’s Initial Ownership Interest percentage.
More Definitions of Initial Ownership
Initial Ownership means the form of title established by section 62;
Initial Ownership means, with respect to a Shareholder at any time, the fraction, the numerator of which is the number of Common Shares beneficially owned (as such term is defined in Rule 13d-3 under the Exchange Act) by such Shareholder as of the Closing Date and the denominator of which is the number of Common Shares beneficially owned by the Shareholder and all Other Shareholders who are then Eligible Shareholders.
Initial Ownership means, with respect to each Executive as of the date of determination, the Common Stock (calculated on an as-converted basis) constituting and/or underlying the Executive Securities held by such holder as of the date such Executive became a party to this Agreement. For the avoidance of doubt, no right of any Executive that is determined by reference to Initial Ownership may be assigned or transferred.
Initial Ownership means, (i) with respect to any Shareholder and any class of Company Securities, the Aggregate Ownership of such class by such Shareholder as of the date hereof (as indicated on Schedule I hereto), provided that if such Shareholder sells Ordinary Shares to the underwriters pursuant to the underwriting agreement relating to the First Public Offering of Company Securities, such Shareholder’s Initial Ownership as of the date hereof shall be deemed to be the Aggregate Ownership indicated on Schedule I hereto less the number of Ordinary Shares actually sold to such underwriters pursuant to the underwriting agreement, or, (ii) with respect to any Person who shall become a party to this Agreement on a later date, such Person’s Aggregate Ownership of such class as of such later date (as indicated on the joinder agreement signed by such Person), in each case taking into account any stock split, stock dividend, reverse stock split or similar event.
Initial Ownership means, with respect to any Shareholder, the Aggregate Ownership of Common Shares by such Shareholder immediately after the IPO Closing Date, or, in the case of any Person that shall become a party to this Agreement on a later date, as of such later date, in each case taking into account any share split, share dividend, bonus share issue, reverse share split or similar event. For the avoidance of doubt, with respect to any Shareholder (other than CPPIB), Initial Ownership (a) shall give effect to, and therefore shall not include, any Common Shares sold by such Shareholder in the IPO and (b) shall not include any Common Shares purchased by such Shareholder or any Affiliate thereof as an underwriter in the IPO or purchased by such Shareholder or any Affiliate thereof in an open market transaction following consummation of the IPO. With respect to CPPIB, Initial Ownership shall give effect to and shall include any Common Shares purchased by CPPIB in the IPO, but shall not include any Common Shares purchased by CPPIB in open market transactions or otherwise following consummation of the IPO.
Initial Ownership means the aggregate percentage shareholding in the Company of the Holders of Series B Preferred Shares (the “Series B Holders”) as at the Series B Closing Date, calculated on an as-converted and fully-diluted basis.
Initial Ownership means, with respect to each Stockholder, the total number of shares (equitably adjusted to reflect any stock split, dividend, reclassification or any similar event) of FelCor Common Stock beneficially owned by such Stockholder as of the Effective Time.