Capital Z Holders definition
Examples of Capital Z Holders in a sentence
If the Company determines that a Blackout Event exists, any registration requested by Capital Z Holders, Reservoir Holders or Rainwater Holders shall be postponed until the Blackout Event no longer exists; provided, further, that no such postponement shall exceed 90 days.
For the avoidance of doubt, the rights granted pursuant to Sections 4.1 and 4.2 inure to the benefit of the Capital Z Holders collectively on the one hand, and the Reservoir Holders and the Rainwater Holders collectively, on the other hand.
This Agreement may be amended, supplemented or modified only by a written agreement signed by the Company, the Required Capital Z Holders, the Required Reservoir Holders and the Required Rainwater Holders.
So long as the Capital Z Holders are ------------------------ entitled to designate any directors under Section 2.1.1, at least one (1) of the ------------- directors designated by the Majority Capital Z Holders shall be permitted to serve on each committee of the Board of Directors of the Company.
If, prior to his election to the Board of Directors of --------- the Company pursuant to Section 2.1.1 hereof, any designee of the Majority DFJ ------------- Holders or the Majority Capital Z Holders shall be unable or unwilling to serve as a director of the Company, then the Majority DFJ Holders or the Majority Capital Z Holders, as applicable, shall be entitled to designate a replacement designee.
If, prior to his election to the Board of Directors of --------- the Company pursuant to Section 2.1.1 hereof, any designee of the Majority DFJ ------------- Holders or the Majority Capital Z Holders shall be unable or unwilling to serve as a director of the Company, then the Majority DFJ Holders or the Majority Capital z Holders, as applicable, shall be entitled to designate a replacement designee.
In addition, prior to the time that the right of the Majority Capital Z Holders to designate directors is terminated in accordance with the provisions of the immediately preceding sentence, the number of directors that the Majority Capital Z Holders are entitled to designate will be decreased from two (2) directors to one (1) director from and following the time that the Capital Z Holders collectively cease to own at least fifteen percent (15%) of the Fully-Diluted Common Stock.
In the event that such transfer or redemption takes place, such transfer or redemption shall be rescinded if the Capital Z Holders demonstrate, within a reasonable period of receiving written notice thereof, that such transfer or redemption was not necessary to preserve the Corporation’s status as a REIT.
If the Majority DFJ Holders or the Majority Capital Z Holders request that any of their respective designees be removed as a director (with or without cause) by written notice thereof to the Company, then each of the Holders shall vote all of its or his Voting Stock in favor of, such removal upon such request.
If the Majority DFJ Holders or the Majority Capital Z Holders request that any of their respective designees be removed as a director (with or without cause) by written notice thereof to the Company, then each of the Holders shall vote all of its or his capital stock in favor of, such removal upon such request.