Termination as to a Party. Any Person who ceases to hold any Securities shall cease to be a Securityholder and shall have no further rights or obligations under this Agreement (except with respect to any indemnification and contribution obligations under Section 5.6, which shall survive).
Termination as to a Party. Any Person who ceases to hold any Shares shall cease to be a Stockholder and shall have no further rights or obligations under this Agreement.
Termination as to a Party. Any Member who ceases to hold any Units shall cease to be a Member and, except as provided herein, shall have no further rights or obligations under this Agreement.
Termination as to a Party. Any Person who ceases to hold any Voting Securities or Holdings Interests shall cease to be a Securityholder and shall have no further rights or obligations under this Agreement.
Termination as to a Party. Any Person who ceases to hold any Common Shares and Ares Operating Group Units shall cease to be a Securityholder and shall have no further rights or obligations under this Agreement (except with respect to Section 1.2 and any indemnification and contribution obligations under Section 3.8, which shall survive).
Termination as to a Party. Any Person who at any time ceases to hold any Securities (or a fraction thereof) or ceases to have a Carry Vehicle hold Apportioned Interests (or any fraction thereof) shall have no further rights or obligations under this Agreement. Following the second (2nd) anniversary of the consummation of an IPO of Laureate, any Securityholder that ceases to beneficially own, or any Carry Investor that ceases to have a Carry Vehicle hold Apportioned Interests on its behalf equal to, at least one percent (1%) of the outstanding Laureate Common Equity may elect to cease being a Securityholder and, following written notice to the Company to such effect, shall have no further rights or obligations under this Agreement.
Termination as to a Party. Any Member who ceases to hold any LLC Interest shall cease to be a Member and, except as provided herein, shall have no further rights or obligations under this Agreement.
Termination as to a Party. Any Holder who (giving effect to Section 8.9(a)) ceases to beneficially own (as determined under Rule 13d-3 of the Exchange Act) more than [5]% of the outstanding Common Stock shall cease to be a Holder and shall have no further rights or (other than under Section 5.1.6 or Article 9) obligations under this Agreement immediately upon ceasing to beneficially own more than 5% of the outstanding Common Stock without any further action.
Termination as to a Party. A Holder shall immediately without any further action cease to be a Holder and shall have no further rights or obligations (other than pursuant to Section 2.2.2 or Article 4) under this Agreement (i) if such Holder elects to terminate its obligations under this Agreement at any time by giving the Company written notice thereof or (ii) automatically and without any further action by any party upon such Holder’s Holder Ownership Percentage being reduced to less than 5%; provided that if such Holder’s Holder Ownership Percentage is reduced to less than 5% as a result of dilution from the issuance by the Company of additional shares of Common Stock, then such Holder shall continue to be a Holder for purposes of, and retain its rights and obligations as a Holder under, this Agreement until such time thereafter as such Holder disposes of any Common Stock and immediately following such disposition, such Holder’s Holder Ownership Percentage is less than 5%.
