Examples of Final Holder in a sentence
If, upon the liquidation and dissolution of the Company, any Final Holder has received an Investor IRR of less than seven percent (7%), then each Affiliated Person who has received an Excess Distribution shall re-contribute to the Company such Excess Distributions and such Excess Distributions shall be distributed to such Final Holders until each Final Holder has received an Investor IRR of seven percent (7%).
Similarly, all Excess Distributed to Final Holders pursuant to section 3.5.1 shall be distributed on a pro rata basis, based on the amount required for each Final Holder to receive an Investor IRR of seven percent (7%).
In the event the Holder Representative does not deliver a Final Holder Redemption Notice, the Holder Representative shall be deemed to have delivered, four (4) Business Days after the relevant Settlement Determination Date, a Final Holder Redemption Notice electing not to revoke the redemption or reduce the number of Holder Redemption Shares.
The remaining 50% are held as follows: the Mutual Help Society of Israel Electric Corporation Employees in the Southern Region (Final Holder) (25%), the Society of Israel Electric Corporation Workersin the Northern Region (registered society) (Final Holder) (16.667%) and the Savings and Mutual Help Fund of Israel Electric Corporation Workers in Jerusalem Ltd.
Promptly after the Dissolution, DoveBid shall deliver to each Final Holder (or such Final Holder's transferees), a written notice indicating the number of Closing Shares, Released Shares, if any, Additional Shares, if any, and Holdback Shares (including any New Indemnification Shares and New Earnout Shares) that are then issued to each such Final Holder (or such Final Holder's transferees) but remain as uncertificated shares of DoveBid Capital Stock in accordance with the provisions of this Section 7.16.