Foreign Ownership Regulations definition
Examples of Foreign Ownership Regulations in a sentence
The Buyer acknowledges and agrees that its voting rights underlying the Shares or the Warrant Shares may be suspended to prevent a violation of the Foreign Ownership Regulations, and that the Company will restore the Buyer's voting rights immediately once the non-U.S. and non-Open Skies economic interest in the Company falls within the levels required under the Foreign Ownership Regulations.
The Buyer acknowledges and agrees that its voting rights underlying the Warrant Shares may be suspended to prevent a violation of the Foreign Ownership Regulations, and that the Company will restore the Buyer's voting rights immediately once the non-U.S. and non-Open Skies economic interest in the Company falls within the levels required under the Foreign Ownership Regulations.
To the extent permissible under the Foreign Ownership Regulations (as defined below), the Company agrees to (a) increase the number of members of its Board of Directors by one additional member in accordance with Section 1 of Article III of the Company's By-Laws and (b) fill such vacancy on the Board of Directors by appointing Buyer's nominee (the "DIRECTOR NOMINEE"), as a member of the Board of Directors of the Company in accordance with Section 2 of Article III of the Company's By-Laws.
To the extent permissible under the Foreign Ownership Regulations (as defined below), the Company agrees to (a) increase the number of members of its Board of Directors by one additional member in accordance with Section 1 of Article III of the Company's By-Laws and (b) fill such vacancy on the Board of Directors by appointing Buyer's nominee (the "Director Nominee"), as a member of the Board of Directors of the Company in accordance with Section 2 of Article III of the Company's By-Laws.