Loss of Shareholder Status Sample Clauses

Loss of Shareholder Status. Upon receipt by the Corporation from the Chiefs in Assembly of a notice that the Chiefs in Assembly no longer recognize a Near Band as a Near Band (“Loss of Status Event”), such Near Band shall immediately cease to be a Near Band, a First Nation and a Shareholder for purposes of this Agreement. Any Near Band which loses such Shareholder Status pursuant to this Section 3.4 may not reacquire such Shareholder Status unless and until it subsequently becomes a Near Band or a Status Band and is recognized pursuant to Section 3.3.‌
Sample 1
AutoNDA by SimpleDocs
Loss of Shareholder Status. In the event the Company, and/or any third party(ies) designated by the Board of Directors, and/or the remaining Shareholders have elected to purchase all of the Affected Stock, the Affected Shareholder shall lose his or her status as a shareholder from the date of delivery of written notice indicating the election of the Company, and/or such third party(ies) and/or the remaining Shareholders to purchase all of the Affected Stock, notwithstanding the fact that title to the Affected Stock has not yet been Transferred. From and after such date, the Affected Shareholder shall have no rights to receive dividends or other distributions, to participate in corporate affairs, such as attending and voting at meetings of shareholders, and receive information concerning the Company.
Sample 1

Related to Loss of Shareholder Status

  • Shareholder Status The Holder shall not have rights as a shareholder of the Borrower with respect to unconverted portions of this Note. However, the Holder will have all the rights of a shareholder of the Borrower with respect to the shares of Common Stock to be received by Holder after delivery by the Holder of a Conversion Notice to the Borrower.

  • Rights of Shareholder Except as otherwise provided in this Agreement or the Plan, Participant shall have, with respect to the shares of Restricted Stock awarded hereunder, all of the rights of a shareholder of the Company, including the right to vote the shares and the right to receive any dividends as declared by the Company’s Board of Directors.

  • Holder Status The Holder is an “accredited investor” as defined in Rule 501 under the Securities Act.

  • Rights of Shareholders The Shares shall be personal property giving only the rights in this Declaration specifically set forth. The ownership of the Trust Property of every description and the right to conduct any business herein before described are vested exclusively in the Trustees, and the Shareholders shall have no interest therein other than the beneficial interest conferred by their Shares, and they shall have no right to call for any partition or division of any property, profits, rights or interests of the Trust nor can they be called upon to share or assume any losses of the Trust or, subject to the right of the Trustees to charge certain expenses directly to Shareholders, as provided in the last sentence of Section 3.8, suffer an assessment of any kind by virtue of their ownership of Shares. The Shares shall not entitle the holder to preference, preemptive, appraisal, conversion or exchange rights (except as specified in this Section 6.3, in Section 11.4 or as specified by the Trustees when creating the Shares, as in preferred shares).

  • Status of Shares Shares shall be deemed to be personal property giving Shareholders only the rights provided in this instrument. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to be bound by the terms hereof. The death of a Shareholder during the continuance of the Trust or any Series or Class thereof shall not operate to dissolve or terminate the Trust or any Series or Class nor entitle the representative of any deceased Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Trustees, but shall entitle such representative only to the rights of said decedent under this Trust Instrument. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Trust Property or to any right to call for a partition or division of the same or for an accounting, nor shall the ownership of Shares constitute the Shareholders partners.

  • Transfer of Shares After Registration Each Purchaser agrees that it will not effect any disposition of the Shares or its right to purchase the Shares that would constitute a sale within the meaning of the Securities Act, except as contemplated in the Registration Statement referred to in Section 7.1 or as otherwise permitted by law, and that it will promptly notify the Company of any changes in the information set forth in the Registration Statement regarding the Purchaser or its plan of distribution.

Time is Money Join Law Insider Premium to draft better contracts faster.