Ownership Requirements. Each member under this agreement must be an owner or renter of a property where the respective Home Owners Association is a member of the WCA. The rights and privileges of the membership provided by this agreement may be exercised only by the owner of the property at the address stated below together with immediate family members residing with the member or, in the case of the property being rented to tenants, the renting tenant and their immediate family living with them, as authorized by the owner on a separately submitted Tenant Authorization form.
Ownership Requirements. (i) Pursuant to Section 8.18(f) of the Holdco LLC Agreement, a Nominating Investor Holdco Member retains its right to participate in the Investor Director Nomination Rotation for so long as such Nominating Investor Holdco Member owns a number of Holdco Class A Units at least equal to the Nomination Threshold (subject to adjustment in the event of any Holdco Unit split, Holdco Unit combination, reorganization, reclassification, recapitalization or the like). If a Nominating Investor Holdco Member which then has an Investor Director serving on the Board Transfers some or all of its Holdco Class A Units to a third party and such Transfer results in such Nominating Investor Holdco Member owning a number of Holdco Class A Units that is less than the Nomination Threshold (subject to adjustment in the event of any Holdco Unit split, Holdco Unit combination, reorganization, reclassification, recapitalization or the like) then the Investor Director nominated by such Nominating Investor Holdco Member shall automatically and immediately be removed from the Board concurrently with the consummation of such Transfer.
(ii) The Investor Director vacancy resulting from the operation of Section 7.3(d)(i) shall be subject to Section 7.3(c)(vi) and, where applicable, shall be filled by a nominee of the Nominating Investor Holdco Member that is next in the Investor Director Nomination Rotation (if any). The applicable Nominating Investor Holdco Member (if any) shall promptly provide the name of such nominee to the Nominating Committee. In the event of application of the preceding sentence, the Nominating Committee shall promptly recommend such nominee to Holdco for election as an Investor Director, and Holdco shall promptly elect such nominee as an Investor Director.
(iii) If a Nominating Investor Holdco Member Transfers a number of Holdco Class A Units equal to at least the Nomination Threshold (subject to adjustment in the event of any Holdco Unit split, Holdco Unit combination, reorganization, reclassification, recapitalization or the like) to a third party, Holdco may determine to grant such third party (a “Nominating Transferee”) the right to nominate one (1) Investor Director to the Board; provided, however, that such Nominating Transferee’s nominee for Investor Director shall not be appointed to serve on the Board unless such nominee’s appointment is approved by Holdco.
(iv) If an Investor Holdco Member is no longer a Nominating Investor Holdco Member because it no long...
Ownership Requirements. Each member under this agreement must be an owner or renter of a property within the Wildewood Planned Unit Development at the address stated below where the respective Home Owners Association is not a member of the WCA. The rights and privileges of the membership provided by this agreement may be exercised only by the owner of the property at the address stated below together with immediate family members residing with the member.
Ownership Requirements. Animals must be under the care and ownership of the 4-H member for the period of time as follows:
Ownership Requirements. (a) Except for each Drop Down, there shall be no change in ownership of any Borrower or of KNOT without the prior written consent of the Lenders (not to be unreasonably withheld).
(b) KNOT shall remain the owner of at least 33.33% of XXXX (including the General Partner), however so that if the ownership requirement of KNOT in XXXX (including the General Partner) in the XXXX Financing Agreement is reduced to 25% such lower requirement (25%) shall also apply under this Agreement.
(c) The General Partner shall remain general partner of XXXX.
Ownership Requirements. Independent Exhibitors must meet all ownership requirements as stated in the AgFest Guidebook. Independent Exhibitors will enter in appropriate 4H or FFA Classes.
Ownership Requirements. After June 30, 2012, or if the annual shareholder meeting for 2012 in which directors are elected is held after June 30, 2012, after the date of such meeting, the Purchaser’s right to nominate the Purchaser Designee, including any successor, shall automatically terminate upon the occurrence of either (i) the Purchaser’s ownership of Common Stock of the Company declining to less than ten percent (10%) on an as-converted basis and termination of the Development Agreement or (ii) the Purchaser’s ownership of Common Stock of the Company declining to less than five percent (5%) on an as-converted basis. For purposes of this Agreement, “ownership” shall be determined in accordance with the rules for “beneficial ownership” set forth in the Rights Agreement referenced in Section 10(e) below, and ownership on an “as-converted basis” shall mean inclusion of all shares of Common Stock issuable upon conversion or exercise of convertible or exercisable securities of the Company in the number of outstanding shares of Common Stock.” LFB Biotechnologies March 25, 2008
Ownership Requirements. The Employee will be expected to build real ownership in the Company’s stock equal to one and one-half times Employee’s base salary by at least May, 2011.
Ownership Requirements. The Employee and JDI will jointly cooperate to enable Employee to build real ownership in the Company’s stock equal to two times Employee’s base salary by at least November 1, 2011.
Ownership Requirements. Maker covenants and agrees that at all times TNP Strategic Retail Trust, Inc., a Maryland corporation, is and at all times will remain the general partner of TNP Strategic Retail Operating Partnership, L.P., a Delaware limited partnership and that the TNP Strategic Retail Operating Partnership, L.P. is and at all times will remain the sole member of the Maker.
