Defaulting Shareholder definition

Defaulting Shareholder has the meaning set out in clause 16.7;

Defaulting Shareholder means a shareholder of the Corporation who defaults in the payment of any Shareholder Debt when the same becomes due and payable.

Defaulting Shareholder has the meaning set out in Section 8.1;

Examples of Defaulting Shareholder in a sentence

If the Defaulting Shareholder fails to serve a Notice of Transfer Event on the Non-Defaulting Shareholders, it shall be deemed to have done so on the date on which each Non-Defaulting Shareholder becomes aware of the Transfer Event.
Where any Shareholder other than the FF Party or BF Party is the Defaulting Shareholder, references to the FF Party shall for the purposes of applying this Clause 11 (Transfer Events) and Clause 15 (Expert) in relation to the Defaulting Shareholder be read as references to the Defaulting Shareholder.

Defaulting Shareholder means a Shareholder who fails to comply with the

Defaulting Shareholder means a shareholder of the Corporation who defaults in the payment of any Shareholder Debt when the same becomes due and payable;

Defaulting Shareholder means a Shareholder who has committed an Event of Default.

Defaulting Shareholder has the meaning given to that term in clause 18.1.

Defaulting Shareholder means, at any time, a Shareholder who, at or prior to such time, has

Defaulting Shareholder has the meaning given in clause 9.2 (Events of Default and deemed transfers);

Defaulting Shareholder shall have the meaning assigned to such term in Section 4.2.