Common use of Participating Shareholder Clause in Contracts

Participating Shareholder. By written notice delivered to Boron, any Shareholder (an “Opting-Out Shareholder”) may elect to waive its right to participate in Underwritten Offerings and to be a Piggyback Shareholder and participate in a Piggyback Registration (“Section 2.13 Opt-Out”), until such time as the written notice is rescinded in writing. During such time as a Section 2.13 Opt-Out is in effect: (a) the Opting-Out Shareholder B-18 shall not receive notices of any proposed Underwritten Offering or Piggyback Registration, (b) shall not be entitled to participate in any such Underwritten Offering pursuant to ‎Section 2.01(d) or Section 2.02(a), or Piggyback Registration pursuant to ‎Section 2.03, and (c) shall not be subject to ‎Section 2.07(c).

Appears in 1 contract

Samples: Banner Corp

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Participating Shareholder. By written notice delivered to Boron, any Shareholder (an “Opting-Out Shareholder”) may elect to waive its right to participate in Underwritten Offerings and to be a Piggyback Shareholder and participate in a Piggyback Registration (“Section 2.13 Opt-Out”), until such time as the written notice is rescinded in writing. During such time as a Section 2.13 Opt-Out is in effect: (a) the Opting-Out Shareholder B-18 shall not receive notices of any proposed Underwritten Offering or Piggyback Registration, (b) shall not be entitled to participate in any such Underwritten Offering pursuant to ‎Section 2.01(d) or Section ‎Section 2.02(a), or Piggyback Registration pursuant to ‎Section 2.03, and (c) shall not be subject to ‎Section Section 2.07(c).

Appears in 1 contract

Samples: Banner Corp

Participating Shareholder. By written notice delivered to Boron, any Shareholder (an “Opting-Out Shareholder”) may elect to waive its right to participate in Underwritten Offerings and to be a Piggyback Shareholder and participate in a Piggyback Registration (“Section 2.13 Opt-Out”), until such time as the written notice is rescinded in writing. During such time as a Section 2.13 Opt-Out is in effect: (a) the Opting-Out Shareholder B-18 shall not receive notices of any proposed Underwritten Offering or Piggyback Registration, (b) shall not be entitled to participate in any such Underwritten Offering pursuant to ‎Section Section 2.01(d) or Section 2.02(a), or Piggyback Registration pursuant to ‎Section Section 2.03, and (c) shall not be subject to ‎Section Section 2.07(c).

Appears in 1 contract

Samples: Banner Corp

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Participating Shareholder. By written notice delivered to BoronInvesco, any Shareholder (an “Opting-Out Shareholder”) may elect to waive its right to participate in Underwritten Offerings and to be a Piggyback piggyback Shareholder and participate in a Piggyback Registration (“Section 2.13 Opt-Out”), until such time as the written notice is rescinded in writing. During such time as a Section 2.13 Opt-Out is in effect: (a) the Opting-Out Shareholder B-18 shall not receive notices of any proposed Underwritten Offering or Piggyback Registration, (b) shall not be entitled to participate in any such Underwritten Offering pursuant to ‎Section Section 2.01(d) or Section 2.02(a), or Piggyback Registration pursuant to ‎Section Section 2.03, and (c) shall not be subject to ‎Section Section 2.07(c).

Appears in 1 contract

Samples: Shareholder Agreement (Invesco Ltd.)

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