Administrator Shares definition
Examples of Administrator Shares in a sentence
Any Administrator Shares shall bear a customary “restricted” legend, which may be a virtual legend, evidencing the restricted nature thereof.
In the event that the Delaware Act or any other law requires, at any time, that the Administrator Shares vote on any matter notwithstanding the provisions herein, the Administrator Shares shall be required to be, and shall be, voted in the same proportion as the Voting Shares that are not Administrator Shares are voted by the Class A Members and Preferred Members, respectively.
Profit Sharing Plan By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Title: Plan Administrator Shares of Common Stock Held: 0 Shares of Series A Preferred Stock Purchased: 158,716 NAME: MDRB Partnership, LP.
Once the Administrator Class A Ordinary Shares or Preferred Shares, if any, are Transferred to any Person who is not an Affiliate of the Administrator , the Administrator Shares shall thereafter have all voting rights that any other Voting Shares held by any Class A Member or Preferred Member, as applicable, have hereunder or pursuant to the Delaware Act.
Once the Administrator Class A Ordinary Shares or Preferred Shares, if any, are Transferred to any Person who is not an Affiliate of the Administrator, the Administrator Shares shall thereafter have all voting rights that any other Voting Shares held by any Class A Member or Preferred Member, as applicable, have hereunder or pursuant to the Delaware Act.
The New Administrator Shares owned by CGAL are not “taxable Canadian property” within the meaning of the Tax Act.
Other than this Agreement, no Person has any written or oral agreement, option, understanding or commitment, or any right or privilege capable of becoming such for the purchase or other acquisition from CGAL of any New Administrator Shares or any right therein.