Converting Shareholder definition

Converting Shareholder means a Convertible Preference Shareholder all or some of whose Convertible Preference Shares are being or have been converted;
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Converting Shareholder has the meaning set forth in Section 3.2(a).
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Converting Shareholder. ’ shall mean a Convertible Preference Shareholder all or some of whose Convertible Preference Shares are being or have been converted into Ordinary Shares;
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Examples of Converting Shareholder in a sentence

  • Unless otherwise agreed between the Company and a Converting Shareholder, if more than one Convertible Preference Share shall fall to be converted pursuant to any one Conversion Notice, the number of Ordinary Shares to be issued upon conversion shall be calculated on the basis of the aggregate Notional Values of the Relevant Convertible Preference Shares.

  • If fewer than all the Class B Shares represented by any certificate are converted, the Converting Shareholder shall be entitled to receive a new certificate representing the Class B Shares represented by the original certificate that are not converted.

  • The Converting Shareholder shall also pay any governmental or other tax imposed in respect of the conversion of the Conversion Shares.

  • The Conversion Shares convert into the Converted Shares, and the Converting Shareholder (or any person or persons in whose name or names such Converting Shareholder shall have directed the Converted Shares to be registered) becomes a holder of record for all purposes of the Converted Shares, on the date of surrender of the certificate(s) representing the Conversion Shares accompanied by notice in writing as referred to above.

  • To the knowledge of HL, as of the date hereof, following the Effective Time, no HL Shareholder shall be entitled to receive any amount from the Trust Fund except to the extent such HL Shareholder is a Converting Shareholder.

  • We also irrevocably instruct you to retain any funds in the Converting Shareholder Liquidation Allocation not disbursed to converting Class B Common Stockholders listed in Section 2 of the “Schedule of Class B Common Shareholders” until [ 91st day from the date of the Special Meeting].

  • The Board may elect to accept only a portion of the total Class A Shares requested to be converted if such partial conversion is acceptable to the Converting Shareholder and if the Board reasonably determines that the conversion of a greater amount may cause adverse tax consequences to the Company, any of its subsidiaries or any U.S. Person as to which the Shares held by such Shareholder constitute Controlled Shares.

  • At any time within 15 days after receipt by the Company of the Company Offer Notice (the “Company Option Period”), the Company may elect to purchase any or all of the Conversion Shares and shall give written notice of such election (the “Company Acceptance Notice”) to the Converting Shareholder and HIG within the Company Option Period, which notice shall indicate the maximum number of shares of Common Stock that the Company desires to purchase.

  • Unless otherwise agreed between the Company and a Converting Shareholder, if more than one Convertible Preference Share shall fall to be converted pursuant to any one Conversion Notice, the number of Ordinary Shares to be issued upon conversion shall be calculated on the basis of the aggregate Reference Amounts of the Relevant Convertible Preference Shares.

  • Upon receipt of this tender, the Converting Shareholder may accept the tender or may retain its own expert to estimate the same net present value and present a counteroffer within 60 days of receipt of the other Shareholder’s tender.


More Definitions of Converting Shareholder

Converting Shareholder means a holder of Preferred Shares all or some of whose Preferred
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Converting Shareholder means a holder of the Convertible Preference Share all
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Converting Shareholder means a holder of the Convertible Preference Share all or some of whose Convertible Preference Shares are being or have been converted into Ordinary Shares.
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Converting Shareholder shall have the meaning set forth in the first introductory paragraph of this Agreement.
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Converting Shareholder means a Convertible Preference
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Converting Shareholder means a CP Shareholder all or some of whose Convertible Preference Shares are being or have been converted;
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Related to Converting Shareholder

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Ordinary Shareholder means a holder of ordinary shares;

  • Company Shareholder means a holder of one or more Company Shares;

  • Preferred Shareholder means any holder of Preferred Shares.

  • 10% Shareholder means a person who owns, directly or indirectly, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company. Indirect ownership of stock shall be determined in accordance with Code Section 424(d).

  • ² Shareholder means a person who owns shares in the company and is actively involved in the management of the company or business and exercises control over the company.

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.

  • Scheme Shareholder means a person who is registered in the Register as the holder of one or more Scheme Shares as at the Record Date.

  • Common Stockholder means the employee of, consultant to, or director of the Company or other person to whom shares of Common Stock are issued pursuant to this Plan.

  • Soliciting Shareholder means, with respect to any Special Meeting demanded by a shareholder or shareholders, any of the following Persons:

  • Company Shareholders means holders of Company Shares.

  • Transferring Shareholder has the meaning set out in Section 6.1;

  • Class A Shareholder means a holder of Class A Shares;

  • Beneficial shareholder means the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.

  • 10% Stockholder means the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation (or any Parent or Subsidiary).

  • Major Stockholder means any such Person.

  • Major Shareholder means a shareholder who directly or indirectly holds 10% or more of the voting rights.

  • Principal Shareholder means any corporation, Person or other entity which is the beneficial owner, directly or indirectly, of five percent (5%) or more of the outstanding Shares of all outstanding classes or series and shall include any affiliate or associate, as such terms are defined in clause (ii) below, of a Principal Shareholder. For the purposes of this Section, in addition to the Shares which a corporation, Person or other entity beneficially owns directly, (a) any corporation, Person or other entity shall be deemed to be the beneficial owner of any Shares (i) which it has the right to acquire pursuant to any agreement or upon exercise of conversion rights or warrants, or otherwise (but excluding share options granted by the Trust) or (ii) which are beneficially owned, directly or indirectly (including Shares deemed owned through application of clause (i) above), by any other corporation, Person or entity with which its “affiliate” or “associate” (as defined below) has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of Shares, or which is its “affiliate” or “associate” as those terms are defined in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, and (b) the outstanding Shares shall include Shares deemed owned through application of clauses (i) and (ii) above but shall not include any other Shares which may be issuable pursuant to any agreement, or upon exercise of conversion rights or warrants, or otherwise.

  • Company Stockholder means the holder of either a share of Company Common Stock or a share of Company Preferred Stock.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Dissenting Shareholder means any Company Shareholder who has properly exercised its Dissent Rights and has not withdrawn or been deemed to have withdrawn such Dissent Rights;

  • Existing Shareholders means the officers, directors and shareholders of the Company prior to the Offering; (c) “Initial Ordinary Shares” shall mean all of the Ordinary Shares owned by an Existing Shareholder prior to the Offering (and shall include any Ordinary Shares issued as dividends with respect to such shares); (d) “Public Shareholders” shall mean the holders of securities issued in the Offering; (e) “Trust Account” shall mean the trust account established for the benefit of the Public Shareholders into which a portion of the net proceeds of the Offering will be deposited; and (f) the “Extended Period” shall mean the additional 12-month period to approve a Business Combination as more specifically described in the Registration Statement.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Ordinary Shareholders means the holders of Ordinary Shares;