Shareholdings change, cause or permit any change in, the legal and/or ultimate beneficial ownership of any of the shares in any of the Borrowers or the Corporate Guarantor or the Manager from that specified in clause 7.1.10;
Shareholdings change, cause or permit any change in, the legal and/or beneficial ownership of any of the shares in the Borrower which would result in the Borrower ceasing to be a wholly-owned direct Subsidiary of the Guarantor; or
Shareholdings the Borrower is a wholly-owned direct Subsidiary of the Corporate Guarantor and no less than 75% of all the issued share capital of the Corporate Guarantor are ultimately beneficially owned (whether directly or indirectly) by the Hadjioannou Family; and”;
Shareholdings. (a) each Borrower is a wholly-owned direct Subsidiary of the Shareholder and all of the issued shares in each of the Corporate Guarantor and the Manager are legally and ultimately beneficially owned by such person or persons as have been disclosed by or on behalf of the Borrowers or any other Security Party to the Agent, the Arranger and the Banks in the negotiation of this Agreement; and
Shareholdings. As of the date of this Agreement, the Investor holds at least 149,850 Shares, and Investor has completed and delivered a Letter of Representation to the Escrow Agent evidencing such Shares.
Shareholdings. (a) any Owner ceases to be a wholly-owned direct Subsidiary of the Borrower; or
Shareholdings. (a) there is any change in the legal and/or ultimate beneficial ownership of any of the shares in the Corporate Guarantor which results in Mr. Xxxxxxxxx Melissanidis being the ultimate beneficial owner of less than 35% of the total issued voting share capital of the Corporate Guarantor; or
Shareholdings. (a) each of the Borrowers and the Manager are wholly-owned direct or indirect Subsidiaries of the Corporate Guarantor; and
Shareholdings each of the Borrowers is a wholly-owned direct Subsidiary of the Aegean Shipholdings Guarantor, each of the Aegean Shipholdings Guarantor and the Manager is a wholly-owned direct Subsidiary of the Aegean Marine Guarantor and no less than 35% of all the issued voting share capital of the Aegean Marine Guarantor is ultimately beneficially owned by Mr Xxxxxxxxx Melisanidis, Xx Xxxxx Xxxxxxxxxxxxx and their respective immediate families.
Shareholdings. (a) there is any change in the legal and/or ultimate beneficial ownership of any of the shares of any of the Borrowers, the Aegean Shipholdings Guarantor, the Aegean Bunkering Guarantor or the Manager from that existing on the date of this Agreement as specified in clause 7.1.11; or
