Ownership Restriction. Notwithstanding any other provision in this Debenture, the Holder shall not, directly or indirectly, whether alone or jointly or in concert with any other Person, without the prior written consent of the Company, be permitted to exercise a right in this Debenture to receive securities of the Company if the exercise of such right shall, upon issuance of the applicable securities to the Holder, or to a person as directed by the Holder, restrict the Company’s eligibility to acquire or hold, through an application or otherwise, a retail operator licence, or similar licence, as a result of the ownership of the Company’s securities by licenced producers (as such term is defined in the Cannabis Act (Canada)) being above the prescribed limit in any law, by-law, rule, regulation, order or act of any Governmental Authority.
Ownership Restriction. Notwithstanding any other provision of this Agreement, ASAC’s direct and indirect ownership of Shares in the aggregate shall at all times be less than 25% of the Outstanding Common Stock (the “Ownership Restriction”) and the General Partner shall not, and shall cause ASAC not to, take or approve (by vote, written consent or otherwise) any action or transaction which would reasonably be likely to result in ASAC exceeding the Ownership Restriction. In the event that ASAC, the General Partner and/or any of the Principals become aware of any pending action or transaction that would reasonably be likely to result in ASAC exceeding the Ownership Restriction, prior to such action or transaction taking place or being effective, the General Partner shall, and shall cause ASAC to, use its best efforts to take such actions as are necessary to ensure that the Ownership Restriction is not exceeded at any time.
Ownership Restriction. The Company may restrict transfer of the H Shares if such transfer might result in ownership of H Shares by certain shareholders exceeding the limits under applicable law or the Company’s Articles of Association. The Company may also restrict, in such manner as it reasonably deems appropriate, after Consultation with the Depositary, transfers of American Depositary Shares if such transfers may result in the total number of H Shares represented by American Depositary Shares beneficially owned by an Owner or Beneficial Owner in excess of the limits under applicable law or the Company’s Articles of Association. The Company may, in its sole discretion, instruct the Depositary in writing to take reasonable steps with respect to the ownership interest of any Owner or Beneficial Owner in excess of the limits under applicable law or the Company’s Articles of Association, including, without limitation, a mandatory sale or disposition on behalf of the relevant Owner or Beneficial Owner of the H Shares represented by American Depositary Shares that is in excess of the limits under applicable or the Company’s Articles of Association, if and to the extent such disposition is reasonably practicable and permitted under applicable law, provided that the Depositary has no liability to Owners, Beneficial Owners or the Company for actions taken in compliance with the Company’s instructions.
Ownership Restriction. 7.1 Delivery takes place with ownership restriction. This restriction goes for all payment claims, because of the lack of performance of the entered agreements between RRVP and the other party as well as because of the by RRVP granted services and performed activities on behalf of the other party.
Ownership Restriction. All e-Smart Marks appearing on or incorporated in any article, including but not limited to the Terminals or SSCs or the MYBi Technology, are and shall remain, as between MYBi and e-Smart, the exclusive property of e-Smart. e-Smart does not grant any right in the e-Smart Marks or in any other trademark, trade name, service xxxx, business name or goodwill of any other party except as expressly permitted hereunder or by separate written agreement of the Parties and all use of the e-Smart Marks shall inure to the benefit of e-Smart.
Ownership Restriction. During the term of this Agreement, Distributor [or principles of Distributor] shall not directly or indirectly own any additional interest in, manage, or control any business competing with the businesses of Dow as contained in this agreement [or products that compete with the Products], as such businesses exist or are in process during the term of this Agreement, anywhere in the world. Nothing herein shall prohibit Distributor from being a passive owner of not more than 5% of the outstanding stock of any class of a corporation which is publicly traded, so long as Distributor has no active participation in the business of such corporation.
Ownership Restriction. None of the Investor nor any of its controlled affiliates will, and the Investor will use commercially reasonable efforts to cause Security Capital Research & Management Incorporated ("SCR&M") and its controlled affiliates not to, either individually or in the aggregate, directly own (excluding beneficial ownership pursuant to outstanding conversion or similar rights) more than 9.8% of the Common Stock at any time outstanding. As used in this Section 6.9, "controlled affiliate" means any person that is controlled by the Investor or SCR&M, as applicable, and "control" means the ownership of a majority of the voting securities of such person, the ability to elect a majority of the directors of such person or the ability to control such person through contractual means.
Ownership Restriction. None of the Investor nor any of its controlled affiliates will, either individually or in the aggregate, directly own (excluding beneficial ownership pursuant to outstanding conversion or similar rights) more than 9.8% of the Common Stock at any time outstanding. As used in this Section 6.9, "controlled affiliate" means any person that is controlled by the Investor, as applicable, and "control" means the ownership of a majority of the voting securities of such person, the ability to elect a majority of the directors of such person or the ability to control such person through contractual means.
Ownership Restriction. The Series [__] Preferred Stock may only be held by, and may only be transferred to, a Holder that delivers to the Company (i) an IRS Form W-9, (ii) an IRS Form W-8BEN-E certifying its status as a “withholding foreign partnership,” (iii) an IRS Form W-8BEN-E or W-8EXP certifying entitlement to a complete exemption from dividend withholding tax under an applicable income tax treaty for which the Holder qualifies for benefits or under Section 892 of the Code. Any purported Transfer to a Person not described in the immediately preceding sentence shall be void ab initio.
Ownership Restriction. Title to each Residential Unit shall be taken and held only in the name of a Unit Owner, except in the event title is transferred by means of a public trustee’s or sheriff’s deed or by a deed in lieu of foreclosure of a deed of trust or mortgage, in which case such an entity shall take, hold and transfer title subject to the terms and conditions of this Restrictive Covenant, including specifically, but not limited to, the Resale Restrictions and the Occupancy Restrictions.
