Examples of Qualified Holder in a sentence
The Directors may decline to register any transfer of Shares to any person or entity that is not a Qualified Holder.
If the Company becomes aware that any Shares are or might be held by a person who is not a Qualified Holder it may redeem such Shares on notice in writing to the investor concerned.
Shares are freely transferable (with the exception that Shares may not be transferred to any person who is not a Qualified Holder, as defined under paragraph "Subscription Procedure").
The Directors may decline to register any transfer of a Share where they reasonably believe that such transfer would result in the legal or beneficial ownership of such Share by a person who is not a Qualified Holder or expose the Company to adverse tax or regulatory consequences.
Persons dealing in Recognised Clearing Systems may be required to provide a representation that any transferee is a Qualified Holder.