Common use of Ownership Required Clause in Contracts

Ownership Required. Notwithstanding anything herein to the contrary, no Family Shareholder shall be entitled to exercise a Purchase Right as an Optionee unless such Family Shareholder on the date of delivery of the First Notice owns Shares of record or beneficially.

Appears in 4 contracts

Samples: Scripps Family Agreement, Scripps Family Agreement (E.W. SCRIPPS Co), Scripps Family Agreement (Scripps Networks Interactive, Inc.)

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Ownership Required. Notwithstanding anything herein to the contrary, no Family Shareholder shall be entitled to receive an Offer Notice, First Notice or a Second Notice or exercise a Purchase Right as an Optionee unless such Family Shareholder on the date of delivery of the First Notice owns Shares of record or beneficially.

Appears in 2 contracts

Samples: Scripps Family Agreement (Scripps Eaton M), Scripps Family Agreement (E.W. SCRIPPS Co)

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