Applicable Holding Period definition
Examples of Applicable Holding Period in a sentence
Notwithstanding the foregoing sentence and any other provisions of this Agreement, neither Leucadia nor USPB shall Transfer all or any part of its Units, or the economic or other rights that comprise such Member’s Interest, other than, in the case of Leucadia, to a Permitted Transferee (to which transfer the Applicable Holding Period shall not apply), prior to expiration of the Applicable Holding Period without the consent of the other.
The undersigned, on behalf of the Board of Managers, acknowledges that CoBank, or any purchaser of the Collateral, may become the owner of the Collateral if CoBank exercises its rights and remedies under the Pledge Agreement, and that the Applicable Holding Period (as defined in the National Beef Pennsylvania, LLC Amended and Restated Limited Liability Company Agreement) shall not apply to CoBank or any purchaser of the Collateral in such instance.
The Company may place a stop transfer order on any Common Stock issued upon conversion of Securities during the Applicable Holding Period for the duration of the Applicable Holding Period.
The Company has not taken and will not take any action that --------- will affect in any way the running of the Applicable Holding Period or the ability of Subscriber to resell freely the Securities in accordance with applicable securities laws and the Agreement.