Each of X. Xxxxxxxxxx and Machairiotissa Holdings hereby represents and warrants that as of the date of this Agreement, Machairiotissa Holdings (a) owns at least 80% of the capital stock of each of the Managers and (b) holds at least 80% of the voting power of the outstanding capital stock of each of the Managers considered, in each case, for this purpose as a single class.
Appears in 4 contracts
Samples: Restrictive Covenant Agreement (Safe Bulkers, Inc.), Restrictive Covenant Agreement (Safe Bulkers, Inc.), Restrictive Covenant Agreement (Safe Bulkers, Inc.)
Each of X. Xxxxxxxxxx and Machairiotissa Holdings hereby represents and warrants that as of the date of this Agreement, Machairiotissa Holdings (a) owns at least 80% of the capital stock of each of the Managers Manager and (b) holds at least 80% of the voting power of the outstanding capital stock of each of the Managers considered, in each case, Manager considered for this purpose as a single class.
Appears in 3 contracts
Samples: Restrictive Covenant Agreement (Safe Bulkers, Inc.), Restrictive Covenant Agreement (Safe Bulkers, Inc.), Restrictive Covenant Agreement (Safe Bulkers, Inc.)
