Ownership of the Guarantor. (i) In any twelve month period, 40% or more of the members of the full Board of Directors of the Guarantor shall have resigned or been removed or replaced, or (ii) the acquisition, whether directly or indirectly, by any Person or "group" (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended) (other than an employee benefit or stock ownership plan of the Guarantor) of more than 30% of the voting stock of the Guarantor shall have occurred; or
Ownership of the Guarantor. The Guarantor is listed on the NASDAQ Composite and its shares are trading in accordance with all applicable laws and regulations. There is no change in the controlling shareholder of the Guarantor from the date of this Guarantee.
Ownership of the Guarantor. The Guarantor is a U.S. public company with its shares traded on the American Stock Exchange.
Ownership of the Guarantor. The Borrowers shall procure that, at all times during the Facility Period, the Shareholder shall (a) remain the major legal owner or ultimate beneficial owner of the Guarantor (excluding any financial institution acting as a passive investor) and (b) hold an executive position within the management structure of the Guarantor.
Ownership of the Guarantor. Subject to Clause 14, the Guarantor is controlled by a Permitted Holder and is listed on the NASDAQ Composite and its shares are trading in accordance with all applicable laws and regulations.
Ownership of the Guarantor. The Company will maintain its 100% ownership of the Capital Stock of the Guarantor.
Ownership of the Guarantor. As of the date of this Guarantee, the Trinidad Project Borrower and Xxxxxx Xxxxxxxx are the sole members of the Guarantor.
Ownership of the Guarantor. Any single person, or group of persons acting in concert (as defined in the City Code on Take-overs and Mergers), acquires control (as defined in Section 416 of the Income and Corporation Taxes Act 1988) of the Guarantor. -------------------------------------------------------------------------------- --------------------------------------------------------------------------------
Ownership of the Guarantor. The Borrowers shall procure that, at all times during the Facility Period, the Palios Family shall (a) remain the major legal owner or ultimate beneficial owner of the Guarantor (excluding any financial institution acting as a passive investor) and (b) Xx Xxxxxx Xxxxxx or Xx Xxxxxxxxxx Xxxxxxxxxx hold an executive position within the management structure of the Guarantor.
Ownership of the Guarantor. Except to the extent permitted under Section 8.02(a)(ii)(y) or Section 8.02(b), the Persons who are the shareholders of the Borrower shall at any time cease to own, beneficially and of record, directly or indirectly, 100% of the Capital Stock (except for directors' qualifying shares) of the Guarantor.
