Examples of Entitled Holder in a sentence
The CCP Deadline is the time set by the Clearing House by which an Entitled Holder must submit a Buyer Election Notice.
A Buying Member that is an Entitled Holder may submit a Buyer Election Notice in relation to a Voluntary Corporate Action, in accordance with the buyer election process detailed below at Section 1.14.6. In the absence of an election from the Buying Member, the default option of the Voluntary Corporate Action will be applied to Entitled Transactions.
A Buying Member that is an Entitled Holder may submit a Buyer Election Notice in relation to a Voluntary Corporate Action, in accordance with the buyer election process detailed below at Section 1.17.7. In the absence of an election from the Buying Member, the default option of the Voluntary Corporate Action will be applied to Entitled Transactions.
The term "Entitled Holder" shall mean any Optionee or any transferee thereof described in clause (ii) or (iii) of Section 6.7(a).
The Company shall be under no obligation to consummate any proposed issuance of Preemptive Rights Shares, nor shall there be any liability on the part of the Company or the Board to any Entitled Holder if the Company has not consummated any proposed issuance of Preemptive Rights Shares pursuant to this Article V for whatever reason, except for willful misconduct or breach of this Agreement, regardless of whether the Board shall have delivered an Issuance Notice in respect of such proposed issuance.
An Entitled Holder may exercise its rights under Section 5.1(b) by delivering written notice of its election to purchase such Preemptive Rights Shares to the Board within five (5) Business Days after receipt of the Issuance Notice.
If, at the end of such five (5) day period, any Entitled Holder has not exercised its right to purchase any of its Preemptive Rights Ratio of such Preemptive Rights Shares by delivering such notice, such Entitled Holder shall be deemed to have waived all of its rights under this Article V with respect to, and only with respect to, the purchase of such Equity Securities specified in the applicable Issuance Notice.
In the case of breaches of the Company Special Representations, after the Indemnified Parties have exhausted all amounts in the Escrow Fund, the Indemnified Parties shall be permitted to seek recovery for Losses suffered by the Indemnified Parties directly from the Entitled Holders provided that each Entitled Holder shall be liable, on a several and not joint basis, solely for such Entitled Holder’s pro rata amount of any Losses resulting therefrom.
During such time as any Escrow Shares remain in the Escrow Account, each Entitled Holder shall be entitled to exercise any and all voting and other consensual rights pertaining to the Escrow Shares then being held for such Entitled Holder's benefit.
A Buying Member that is an Entitled Holder may submit a Buyer Election Notice in relation to a Voluntary Corporate Action, in accordance with the buyer election process detailed below at Section 1.14.7. In the absence of an election from the Buying Member, the default option of the Voluntary Corporate Action will be applied to Entitled Transactions.