Examples of Controlling Stockholder in a sentence
If the Controlling Stockholder exercises its Drag-Along Rights, the Participant shall be required to sell his/her Shares or a portion of his/her Shares at a purchase price per Share and upon the same terms as the shares of the Controlling Stockholder.
Nothing in this Section 4.01 shall be deemed to affect any rights of the holders of any series of preferred stock to elect directors pursuant to any applicable provisions of the Certificate of Incorporation or the rights of the Designated Controlling Stockholder as agreed with the Corporation.
The Board of Directors or, prior to the 35% Trigger Date, the Designated Controlling Stockholder, may bring business before a special meeting of stockholders called by the Secretary upon the request of the Stockholders.
If the Controlling Stockholder exercises its Drag-Along Rights, Participant shall be required to sell his/her Shares or a portion of his/her Shares at a purchase price per Share and upon the same terms as the shares of the Controlling Stockholder.
At any time prior to the 50% Trigger Date, any action required or permitted by the GCL to be taken at a stockholders’ meeting may be taken without a meeting and without prior notice if the action is taken by the written consent of the Designated Controlling Stockholder and by the delivery of consents representing the voting power of stockholders otherwise required under the GCL to effect such action by written consent in lieu of a meeting.