Examples of Aggregate Voting Power in a sentence
Notwithstanding anything to the contrary in this Section 5(a), the Maximum Percentage may be exceeded if, and solely to the extent that, the Aggregate Voting Power is or will be increased solely as a result of a repurchase of any Voting Securities by Xxxxxxx or any of its subsidiaries or any other change in Michael's capitalization or by reason of the issuance of stock options by Xxxxxxx to any of the Shareholders pursuant to any stock option plan maintained by Xxxxxxx.
Notwithstanding anything to the contrary in this Section 4(a), the Maximum Percentage may be exceeded if, and solely to the extent that, the Aggregate Voting Power is or will be increased solely as a result of a repurchase of any Voting Securities by Michxxx xx any of its subsidiaries or any other change in Michael's capitalization or by reason of the issuance of stock options by Michxxx xx any of the Shareholders pursuant to any stock option plan maintained by Michxxx.
The Company's Board of Directors (the "Board") shall consist of seven (7) members; provided that so long as Grodania A/S and any Affiliates of Rockwool International A/S which shall hold shares of Common Stock hold less than 50.1% of the Aggregate Voting Power, the Board of Directors shall consist of six (6) members, three (3) of whom shall be nominated by Grodan (the "Grodan Directors") and three (3) of whom shall be nominated by ADI (the "ADI Directors").
So long as Grodan holds less than 50.1% of the Aggregate Voting Power, Grodan and ADI shall alternate appointing the Chairman of the Board annually.
Notwithstanding anything to the contrary in this Section 5(a), the Maximum Percentage may be exceeded if, and solely to the extent that, the Aggregate Voting Power is or will be increased solely as a result of a repurchase of any Voting Securities by Michael or any of its subsidiaries or any other change in Michael's capitalization or by reason of the issuance of stock options by Michael to any of the Shareholders pursuant to any stock option plan maintained by Michael.
So long as ADI holds at least thirty percent (30%) of the Aggregate Voting Power, at least two (2) members of the Board of Directors shall be nominated by ADI.
So long as ADI holds a majority of all of the issued and outstanding voting stock of the Company (the "Aggregate Voting Power"), ADI's auditors shall also be the Company's auditors.
Notwithstanding anything to the contrary, any action taken by the Board of Directors on any matter shall require (x) at least fifty percent (50%) of the directors present and voting in favor of such action to be Grodan Directors and (y) for so long as ADI holds 51% of the Aggregate Voting Power, at least fifty percent (50%) of the directors present and voting in favor of such action to be ADI Directors.
Name of Beneficial owner Title of Class of Stock Amount and Nature of Beneficial Ownership Percentage of Outstanding Class of Stock Percentage of Aggregate Voting Power of Class A Common Stock and Common Stock (1) Percentage of Aggregate Economic Interest of Class A Common Stock and Common Stock(2) Magnolia Capital Fund, L.P. (3) Class A Common 580,558 50% Boulderado Partners, LLC (4) Common Class A Common 3,893,623 580,558 66.66% 50% 55.57% 63.89% Xxxx X.
So long as ADI holds at least fifteen (15%) of the Aggregate Voting Power, at least one (1) member of the Board of Directors shall be nominated by ADI.