Limitation on Ownership. For a period commencing on the Common Shares Closing and ending on the earlier of (a) the fifth anniversary thereof, (b) the occurrence of a Default, (c) a Sale of the Company, and (d) the date of a third party offer which could result in the sale of the Company to a third party, or an unsolicited tender offer or proxy contest for control of the Company by a third party, Westar agrees to limit its ownership of the Common Stock to 45% of the Common Stock of the Company outstanding at any time on a Fully Diluted Basis, unless Westar receives the prior written consent of the Company to exceed that limit.
Appears in 4 contracts
Samples: Stockholders Agreement (Guardian International Inc), Stockholders Agreement (Protection One Alarm Monitoring Inc), Stockholders Agreement (Ginsburg Harold)
