Control Shares definition

Control Shares means shares that, except for this chapter, would have voting power

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Control Shares means shares that, except for this chapter, would have voting power with respect to shares of an issuing public corporation that, when added to all other shares of the issuing public corporation owned by a person or in respect to which that person may exercise or direct the exercise of voting power, would entitle that person, immediately after acquisition of the shares, directly or indirectly, alone or as a part of a group, to exercise or direct the exercise of the voting power of the issuing public corporation in the election of directors within any of the following ranges of voting power:

Control Shares means shares of a covered corporation that when added to all other shares of the corporation beneficially owned by a person would entitle (except for this Article) that person to voting power in the election of directors that is equal to or greater than any of the following levels of voting power:

Examples of Control Shares in a sentence

• In such case, the Change in Control Shares shall be delivered to the Employee following the Performance Period at the time set forth in Section 6 hereof.

• Upon receipt of such written notice, the Escrow Agent shall return to the party designated in the notice the Transfer Documents and the certificates representing the Borrower Control Shares.

• Lender shall credit against the amounts owed on the Loan, any dividends or distributions received with respect to the Borrower Control Shares, and any proceeds received from the sale or disposition of the Borrower Control Shares.

• The Borrower Control Shares have been duly and validly authorized for issuance and pledge pursuant to this Agreement and, when issued and delivered as provided hereunder, will be duly authorized, validly issued, fully paid and non-assessable and free and clear of all Liens imposed by the Borrower or any other person other than restrictions on transfer provided for in the Loan Documents.

• Upon the occurrence of such an Event of Default, the Lender shall be entitled (X) to vote the Borrower Control Shares, and (Y) to assign or transfer such Borrower Control Shares, and to enjoy all other rights and privileges incident to the ownership of the Borrower Control Shares.

More Definitions of Control Shares

Control Shares means the twenty million (20,000,000) shares of Class B Common Stock having no economic value but entitling the holder thereof to ten (10) votes per share.

Control Shares means shares of Common Stock issued under an Issuer Shelf Registration Statement which if sold by the holder thereof would constitute “restricted securities” as defined under Rule 144.

Control Shares means common shares representing more than 50% of all common shares issued by the Company.

Control Shares means (i) those voting shares of the Company that, upon acquisition of voting power with respect to such shares by an "Acquiring Person", would result in a "Change in Control" and (ii) voting shares of the Company beneficially owned by an "Acquiring Person" where such beneficial ownership was acquired (a) within 120 days of the day the person or group became an "Acquiring Person" or (b) with the intention of effecting a "Change in Control".

Control Shares means the block of shares that ensures, directly or indirectly, to its holder(s), the individual and/or shared control of the Power of Control of the Company.

Control Shares means voting shares which, if aggregated with all other voting shares owned by an acquiring person or shares for which the acquiring person can exercise or direct the exercise of voting power, would entitle the acquiring person to exercise voting power in electing directors within one of the following ranges of voting power:

Control Shares means the block of shares that directly or indirectly, entitles their holder(s) the individual and/or shared exercise the Controlling Power over the Company.