Common use of Limit on Beneficial Ownership Clause in Contracts

Limit on Beneficial Ownership. Notwithstanding any other provisions hereof, Party A shall not be entitled to receive Shares hereunder (whether in connection with the purchase of Shares on any Settlement Date or otherwise) to the extent (but only to the extent) that such receipt would result in Xxxxxxx Xxxxx & Co., Inc. directly or indirectly beneficially owning (as such term is defined for purposes of Section 13(d) of the Exchange Act) at any time in excess of 9% of the outstanding Shares. Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that such delivery would result in Xxxxxxx Xxxxx & Co., Inc. directly or indirectly so beneficially owning in excess of 9% of the outstanding Shares. If any delivery owed to Party A hereunder is not made, in whole or in part, as a result of this provision, Party B’s obligation to make such delivery shall not be extinguished and Party B shall make such delivery as promptly as practicable after, but in no event later than one Exchange Business Day after, Party A gives notice to Party B that such delivery would not result in Xxxxxxx Xxxxx & Co., Inc. directly or indirectly so beneficially owning in excess of 9% of the outstanding Shares.

Appears in 2 contracts

Samples: Confirmation of Forward Stock Sale Transaction (Southern Union Co), Pricing Agreement (Affiliated Managers Group Inc)

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Limit on Beneficial Ownership. Notwithstanding any other provisions hereof, Party A shall not be entitled to receive Shares hereunder (whether in connection with the purchase of Shares on any Settlement Date or any Termination Settlement Date, any Private Placement Settlement or otherwise) to the extent (but only to the extent) that such receipt would result in Xxxxxxx Xxxxx & Co., Inc. Wachovia Corporation directly or indirectly beneficially owning (as such term is defined for purposes of Section 13(d) of the Exchange Act) at any time in excess of 9% of the outstanding Shares. Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that such delivery would result in Xxxxxxx Xxxxx & Co., Inc. Wachovia Corporation directly or indirectly so beneficially owning in excess of 9% of the outstanding Shares. If any delivery owed to Party A hereunder is not made, in whole or in part, as a result of this provision, Party B’s obligation to make such delivery shall not be extinguished and Party B shall make such delivery as promptly as practicable after, but in no event later than one Exchange Business Day after, Party A gives notice to Party B that such delivery would not result in Xxxxxxx Xxxxx & Co., Inc. Wachovia Corporation directly or indirectly so beneficially owning in excess of 9% of the outstanding Shares.

Appears in 2 contracts

Samples: Confirmation (American Capital Strategies LTD), Confirmation (American Capital Strategies LTD)

Limit on Beneficial Ownership. Notwithstanding any other provisions hereof, Party A shall not be entitled to receive Shares hereunder (whether in connection with the purchase of Shares on any Settlement Date or any Termination Settlement Date, any Private Placement Settlement or otherwise) to the extent (but only to the extent) that such receipt would result in Xxxxxxx Xxxxx JPMorgan Chase & Co., Inc. Co. directly or indirectly beneficially owning (as such term is defined for purposes of Section 13(d) of the Exchange Act) at any time in excess of 9% of the outstanding Shares. Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that such delivery would result in Xxxxxxx Xxxxx JPMorgan Chase & Co., Inc. Co. directly or indirectly so beneficially owning in excess of 9% of the outstanding Shares. If any delivery owed to Party A hereunder is not made, in whole or in part, as a result of this provision, Party B’s obligation to make such delivery shall not be extinguished and Party B shall make such delivery as promptly as practicable after, but in no event later than one Exchange Business Day after, Party A gives notice to Party B that such delivery would not result in Xxxxxxx Xxxxx JPMorgan Chase & Co., Inc. Co. directly or indirectly so beneficially owning in excess of 9% of the outstanding Shares.

Appears in 2 contracts

Samples: Confirmation (American Capital Strategies LTD), Confirmation (American Capital Strategies LTD)

Limit on Beneficial Ownership. Notwithstanding any other provisions hereof, Party A shall not be entitled to receive Shares hereunder (whether in connection with the purchase of Shares on any Settlement Date or any Termination Settlement Date, any Private Placement Settlement or otherwise) to the extent (but only to the extent) that such receipt would result in Xxxxxxx Xxxxx JPMorgan Chase & Co., Inc. Co. directly or indirectly beneficially owning (as such term is defined for purposes of Section 13(d) of the Exchange ActAct or the Wisconsin Statutes 196.795(3)) at any time in excess of 94.5% of the outstanding Shares. Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that such delivery would result in Xxxxxxx Xxxxx JPMorgan Chase & Co., Inc. Co. directly or indirectly so beneficially owning in excess of 94.5% of the outstanding Shares. If any delivery owed to Party A hereunder is not made, in whole or in part, as a result of this provision, Party B’s obligation to make such delivery shall not be extinguished and Party B shall make such delivery as promptly as practicable after, but in no event later than one Exchange Business Day after, Party A gives notice to Party B that such delivery would not result in Xxxxxxx Xxxxx JPMorgan Chase & Co., Inc. Co. directly or indirectly so beneficially owning in excess of 94.5% of the outstanding Shares.

Appears in 1 contract

Samples: Confirmation (WPS Resources Corp)

Limit on Beneficial Ownership. Notwithstanding any other provisions hereof, Party A shall not be entitled to receive Shares hereunder (whether in connection with the purchase of Shares on any Settlement Date or any Termination Settlement Date, any Private Placement Settlement or otherwise) to the extent (but only to the extent) that such receipt would result in Xxxxxxx Xxxxx JPMorgan Chase & Co., Inc. Co. directly or indirectly beneficially owning (as such term is defined for purposes of Section 13(d) of the Exchange Act) at any time in excess of 94.5% of the outstanding Shares. Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that such delivery would result in Xxxxxxx Xxxxx JPMorgan Chase & Co., Inc. Co. directly or indirectly so beneficially owning in excess of 94.5% of the outstanding Shares. If any delivery owed to Party A hereunder is not made, in whole or in part, as a result of this provision, Party B’s obligation to make such delivery shall not be extinguished and Party B shall make such delivery as promptly as practicable after, but in no event later than one Exchange Business Day after, Party A gives notice to Party B that such delivery would not result in Xxxxxxx Xxxxx JPMorgan Chase & Co., Inc. Co. directly or indirectly so beneficially owning in excess of 94.5% of the outstanding Shares.

Appears in 1 contract

Samples: Confirmation (American Capital Strategies LTD)

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Limit on Beneficial Ownership. Notwithstanding any other provisions hereof, Party A shall not be entitled to receive Shares hereunder (whether in connection with the purchase of Shares on any Settlement Date or any Termination Settlement Date, any Private Placement Settlement or otherwise) to the extent (but only to the extent) that such receipt would result in Xxxxxxx Xxxxx & Co., Inc. UBS AG directly or indirectly beneficially owning (as such term is defined for purposes of Section 13(d) of the Exchange Act) at any time in excess of 94.5% of the outstanding Shares. Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that such delivery would result in Xxxxxxx Xxxxx & Co., Inc. UBS AG directly or indirectly so beneficially owning in excess of 94.5% of the outstanding Shares. If any delivery owed to Party A hereunder is not made, in whole or in part, as a result of this provision, Party B’s obligation to make such delivery shall not be extinguished and Party B shall make such delivery as promptly as practicable after, but in no event later than one Exchange Business Day after, Party A gives notice to Party B that such delivery would not result in Xxxxxxx Xxxxx & Co., Inc. UBS AG directly or indirectly so beneficially owning in excess of 94.5% of the outstanding Shares.

Appears in 1 contract

Samples: Confirmation (American Capital Strategies LTD)

Limit on Beneficial Ownership. Notwithstanding any other provisions hereof, Party A shall not be entitled to receive Shares hereunder (whether in connection with the purchase of Shares on any Settlement Date or otherwise) to the extent (but only to the extent) that such receipt would result in Xxxxxxx X.X. Xxxxxx Xxxxx & Co., Inc. Co. directly or indirectly beneficially owning (as such term is defined for purposes of Section 13(d) of the Exchange Act) at any time in excess of 9% of the outstanding Shares. Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that such delivery would result in Xxxxxxx Xxxxx X.X. Xxxxxx Chase & Co., Inc. Co. directly or indirectly so beneficially owning in excess of 9% of the outstanding Shares. If any delivery owed to Party A hereunder is not made, in whole or in part, as a result of this provision, Party B’s obligation to make such delivery shall not be extinguished and Party B shall make such delivery as promptly as practicable after, but in no event later than one Exchange Business Day after, Party A gives notice to Party B that such delivery would not result in Xxxxxxx X.X. Xxxxxx Xxxxx & Co., Inc. Co. directly or indirectly so beneficially owning in excess of 9% of the outstanding Shares.

Appears in 1 contract

Samples: Confirmation (Southern Union Co)

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