Ceasing to be a Shareholder Sample Clauses

Ceasing to be a Shareholder. If any Person sells, transfers or otherwise disposes of all Shares owned by it, such Person shall cease to be a Shareholder. On ceasing to be a Shareholder: (a) the former Shareholder shall certify to the Company that all material correspondence, Annual Budgets, Business Plans, schedules, documents and other records provided to it by the Company and held by it or any Shareholder or any third party which has acquired such matter through such former Shareholder has been destroyed and shall not keep any copies or electronic versions thereof, in each case, except as required by applicable Law or pursuant to established record keeping policies; (b) the former Shareholder shall immediately upon transfer of its Shares procure the resignation of all its appointees to the Board (other than Independent Directors) unless it has transferred its rights hereunder to appoint Directors to its transferee (in which case such transferee may remove such Directors in accordance with Section 6.07 as if such transferee had appointed such Directors); and (c) the former Shareholder shall continue to comply with its obligations under Article XI for the term specified in Article XI (including with respect to any items not destroyed pursuant to Section 8.06(a)).
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Ceasing to be a Shareholder. If any Shareholder ceases to own any Shares, the rights and obligations of such Shareholder hereunder shall automatically terminate, without any action required by any Party, from and after the date that such Shareholder ceases to own any Shares.
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Ceasing to be a Shareholder. Any Shareholder that ceases to hold the Corporation Securities shall, at the same time, cease to be a party to this Agreement. Notwithstanding the foregoing, the provisions of sections 7.1 to 7.5, inclusive, and all other provisions required to give effect to the intentions reflected therein, shall continue to apply to such Shareholder in accordance with their terms after such Shareholder ceases to be a party hereto and, if so requested, such Shareholder shall enter into a separate agreement with the Corporation to affect such continuing obligations.
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Ceasing to be a Shareholder. (a) AMTEK Member (for itself and on behalf of its Affiliates) and the JVC hereby irrevocably and unconditionally declare and confirm that, following the completion of the twelve (12) month period following the term of this JVA, they have no objection whatsoever to the ARI Member or any of its subsidiaries, holding companies, Affiliates, group entities or nominees making investments in, or entering into partnerships, joint ventures, collaborations or alliances of any nature whatsoever with, companies or other entities in the same field of economic activity as that of the JVC and/or its Subsidiaries and further confirm that ARI Member or any other such Person would not be required to seek any further permission from the JVC, its Subsidiaries or AMTEK Member (for itself and on behalf of its Affiliates) in this regard. AMTEK Member (for itself and on behalf of its Affiliates) and the JVC shall from time to time, certify (including by way of a board resolution of the JVC if required) that they do not object to such investment, agreement or arrangement with such Persons as may be required by the ARI Member immediately upon being requested to do so by the ARI Member. (b) Notwithstanding anything to the contrary contained in this JVA, (i) where a Party (and/or its Affiliates) ceases to be a Shareholder as a result of a purchase and sale transaction pursuant to Article 15.4 (arising from an unresolved Deadlock Event), the restrictions contained in Article 14.1 shall only apply to such Party (and/or its Affiliates) while it is a Shareholder and not for any additional period thereafter; and (ii) where this JVA has been validly terminated in accordance with Article 23 (arising from an Event of Default), the restrictions contained in Article 14.1 shall apply to the Non-Defaulting Party (and/or its Affiliates) while it is a Shareholder and not for any additional period thereafter. (For the purpose of clarity, the Parties agree that the restrictions contained in Article 14.1 shall apply to the Defaulting Party (and its Affiliates) in accordance with the terms of this JVA). Initials of Authorized Representative of ARI Member Initials of Authorized Representative of AMTEK Member
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Related to Ceasing to be a Shareholder

  • Rights as a Shareholder The Optionee shall have no rights as a shareholder with respect to any shares which may be purchased by exercise of this option (including, without limitation, any rights to receive dividends or non-cash distributions with respect to such shares) unless and until a certificate representing such shares is duly issued and delivered to the Optionee. No adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

  • No Rights as a Shareholder Except as otherwise provided herein, the Warrantholder will not, by virtue of ownership of the Warrant, be entitled to any rights of a shareholder of the Company but will, upon written request to the Company, be entitled to receive such quarterly or annual reports as the Company distributes to its shareholders.

  • Rights as a Stockholder The Participant shall have no rights as a stockholder with respect to any shares covered by the Option unless and until the Participant has become the holder of record of the shares, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of any such shares, except as otherwise specifically provided for in the Plan.

  • No Rights as a Stockholder This Warrant does not entitle the Holder to any voting rights or other rights as a stockholder of the Company, nor to any other rights whatsoever except the rights herein set forth.

  • Voting Rights as a Stockholder Subject to the terms of the Insider Letter described in Section 4.4 hereof and except as herein provided, the Initial Stockholders shall retain all of their rights as stockholders of the Company during the Escrow Period, including, without limitation, the right to vote such shares.

  • Voting Rights as a Shareholder Subject to the terms of the Insider Letters described in Section 4.4 hereof and except as herein provided, the Initial Shareholders shall retain all of their rights as shareholders of the Company during the Escrow Period, including, without limitation, the right to vote such shares.

  • SHAREHOLDER COMMUNICATIONS ELECTION SEC Rule 14b-2 requires banks which hold securities for the account of customers to respond to requests by issuers of securities for the names, addresses and holdings of beneficial owners of securities of that issuer held by the bank unless the beneficial owner has expressly objected to disclosure of this information. In order to comply with the rule, the Custodian needs the Fund to indicate whether it authorizes the Custodian to provide the Fund’s name, address, and share position to requesting companies whose securities the Fund owns. If the Fund tells the Custodian “no”, the Custodian will not provide this information to requesting companies. If the Fund tells the Custodian “yes” or does not check either “yes” or “no” below, the Custodian is required by the rule to treat the Fund as consenting to disclosure of this information for all securities owned by the Fund or any funds or accounts established by the Fund. For the Fund’s protection, the Rule prohibits the requesting company from using the Fund’s name and address for any purpose other than corporate communications. Please indicate below whether the Fund consents or objects by checking one of the alternatives below. YES ¨ The Custodian is authorized to release the Fund’s name, address, and share positions. NO x The Custodian is not authorized to release the Fund’s name, address, and share positions.

  • No Rights or Liabilities as a Stockholder This Warrant shall not entitle the Holder hereof to any voting rights or other rights as a stockholder of the Company, until properly exercised.

  • Additional Stockholders In connection with the issuance of any additional equity securities of the Company to any Person, the Company may permit such Person to become a party to this Agreement and succeed to all of the rights and obligations of a "Stockholder" under this Agreement by obtaining the consent of the holders of a majority of the Common Stockholder Shares and an executed counterpart signature page to this Agreement, and, upon such execution, such Person shall for all purposes be a "Stockholder" party to this Agreement.

  • No Rights or Liabilities as a Shareholder This Warrant shall not entitle the holder hereof to any voting rights or other rights as a shareholder of the Company. No provision of this Warrant, in the absence of affirmative action by the holder hereof to purchase Warrant Shares, and no mere enumeration herein of the rights or privileges of the holder hereof, shall give rise to any liability of such holder for the Exercise Price or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

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