Examples of Aggregate Ownership Limit in a sentence
Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member.
Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Unit per Member.
No Person, other than an Excepted Holder, shall Beneficially Own or Constructively Own Shares in excess of the Aggregate Ownership Limit and (2) no Excepted Holder shall Beneficially Own or Constructively Own Shares in excess of the Excepted Holder Limit for such Excepted Holder.
Subject to Section 4.5 the Managing Member, in its sole discretion, may exempt (prospectively or retroactively) a Person from the Aggregate Ownership Limit and/or the Series Interest Ownership Limit, as the case may be, and may establish or increase an Excepted Holder Limit for such Person.
No Excepted Holder Limit shall be reduced to a percentage that is less than the Common Share Ownership Limit or Aggregate Ownership Limit, as applicable.