Changes in Shareholding. 4.3.1 In the event an Investor (together with any Investor that is Affiliated with such Investor) entitled to nominate for appointment two VNU Directors ceases to hold a Voting Interest at least equal to 50% of the Voting Interest attached to the Units held by that Investor (together with any Investor that is Affiliated with that Investor) on the Last Settlement Date, then (i) such Investor (together with any Investor that is Affiliated with such Investor) shall take all action necessary to procure that one of the VNU Directors nominated by such Investor shall immediately resign, and (ii) such Investor (together with any Investor that is Affiliated with such Investor) shall from that time forward only have the right to nominate for removal, appointment or re-appointment one VNU Director.
4.3.2 In the event an Investor (together with any Investor that is Affiliated with such Investor) entitled to nominate for appointment only one VNU Director (either on the basis of Article 4.1.1 or on the basis of Article 4.3.1) ceases to hold a Voting Interest at least equal to 25% of the Voting Interest attached to the Units held by that Investor (together with any Investor that is Affiliated with that Investor) on the Last Settlement Date, then (i) such Investor (together with any Investor that is Affiliated with such Investor) shall take all action necessary to procure that the VNU Director nominated by such Investor shall immediately resign, and (ii) such Investor (together with any Investor that is Affiliated with such Investor) shall from that time forward not have the right to nominate for removal, appointment or re-appointment any VNU Director.
Changes in Shareholding. 3.3.1 In the event an Investor (together with any Investor that is Affiliated with such Investor) entitled to nominate for appointment two Luxco Managers ceases to hold a Voting Interest at least equal to 50% of the Voting Interest attached to the Units held by that Investor (together with any Investor that is Affiliated with that Investor) on the Last Settlement Date, then (i) such Investor (together with any Investor that is Affiliated with such Investor) shall take all action necessary to procure that one of the Luxco Managers nominated by such Investor (together with any Investor that is Affiliated with such Investor) shall immediately resign, and (ii) such Investor (together with any Investor that is Affiliated with such Investor) shall from that time forward only have the right to nominate for removal, appointment or re-appointment one Luxco Manager.
3.3.2 In the event an Investor (together with any Investor that is Affiliated with such Investor) entitled to nominate for appointment only one Luxco Manager (either on the basis of Article 3.1.1 or on the basis of Article 3.
3.1) ceases to hold a Voting Interest at least equal to 25% of the Voting Interest attached to the Units held by that Investor (together with any Investor that is Affiliated with that Investor) on the Last Settlement Date, then (i) such Investor (together with any Investor that is Affiliated with such Investor) shall take all action necessary to procure that the Luxco Manager nominated by such Investor (together with any Investor that is Affiliated with such Investor) shall immediately resign, and (ii) such Investor (together with any Investor that is Affiliated with such Investor) shall from that time forward not have the right to nominate for removal, appointment or re-appointment any Luxco Manager.
Changes in Shareholding. 2.1 The Private Partner xxxxxx declares and confirms to the Public Partner that as at the Execution Date, the shareholding of the Private Partner is as represented in ANNEX 7 (Private Partner's Shareholding Structure) and the Winner holds one hundred percent (100%) of the shares in the capital structure of the Private Partner.
Changes in Shareholding. The Concessionaire undertakes and covenants that, during the period continuing until six (6) years from the date of the last VIS to be completed, M/S…………………………… shall continue to hold an ownership interest in the company and together shall maintain at least a seventy percent (70%) ownership.
Changes in Shareholding the shareholding of Mmakau for any reason changes from that set out in Annex TM 1 hereto in such manner as will cause any of the results contemplated in clauses 10.5.1.1 or 10.5.1.2 hereof; or
Changes in Shareholding the Guarantor ceases to own beneficially, directly or indirectly, at least fifty one per cent (51%) of the Borrower’s Securities;
Changes in Shareholding. Other than in respect of the death of a Controlling shareholder (if such shareholder is a natural person), or in the event of a bona fide company restructure (if such shareholder is a company), for the duration of the Contract, the Operator shall ensure that there is no change of Control in the Operator (from the person or persons who Controlled it as at the date of award of the Tender), without the prior written approval of the City, which approval shall not be unreasonably withheld. For purposes of this clause 38,
Changes in Shareholding. The Debtor agrees and accepts that the Credit was granted by the Creditor, considering, and analyzing the financial and legal solvency of the ultimate beneficial owners of the Debtor. While the Debtor retains its status as a private company, in the event of a change in the Quotaholder composition of the Debtor, the Creditor is authorized to request information related to the new Quotaholders of the Debtor in accordance with the laws and applicable prudential regulations. The Creditor may declare the Credit due in advance when the information provided by the Debtor is incomplete, inaccurate, or shows that the new Quotaholder of the Debtor does not comply with the financial and legal solvency parameters established by the Creditor or the applicable regulations. It is expressly understood and accepted by the parties that this stipulation does not apply when there are modifications to the capital structure of the Debtor among the ultimate beneficial owners of the Debtor. Finally, if the Debtor becomes a publicly traded company listed on an organized securities market, it must evidence through appropriate documentation such circumstance to the Creditor, which will assess such situation for the purposes of complying with this clause and ensuring that the company maintains its financial solvency, which was the basis for granting the Credit.
