Control Shares Trust definition
Control Shares Trust means The ZGH Class B Voting Trust that was established solely to hold the Control Shares.
Control Shares Trust has the meaning set forth in the Preamble.
Control Shares Trust means a trust to be established solely to hold Control Shares pursuant to a trust agreement substantially in the form attached hereto as Exhibit C and of which C▇▇▇▇▇▇▇▇ ▇▇▇▇▇ shall be the initial sole trustee (the “New Trust Agreement”).
Examples of Control Shares Trust in a sentence
If the Founder Member Five Percent Ownership Threshold is no longer satisfied or Section 6.08 of the Investment Agreement is breached, all of the Control Shares then held by the Control Shares Trust shall, immediately after the date the Founder Member Five Percent Ownership Threshold is no longer satisfied or Section 6.08 of the Investment Agreement is breached, as applicable, be deemed released from the Control Shares Trust and surrendered to the Corporation.