Institutional Stockholder definition
Examples of Institutional Stockholder in a sentence
The provisions of this Section 7.9 shall continue in effect against each Institutional Stockholder so long such as such Institutional Stockholder continues to be an Institutional Stockholder and for a period of five years thereafter.
Subject to the final sentence of this Section 7.9, each Institutional Stockholder recognizes and acknowledges that it has and may in the future receive certain confidential and proprietary information and trade secrets of the Company or any of its Subsidiaries, including confidential information of the Company or any of its Subsidiaries regarding identifiable, specific and discrete business opportunities being pursued by the Company or any of its Subsidiaries (the “Confidential Information”).
Each Institutional Stockholder shall, at any time it is then entitled to vote for the election of Directors to the Board, vote all of its Shares or execute proxies or written consents, as the case may be, and take all other necessary action in order to ensure that the composition of the Board complies with (and includes all of the requisite nominees in accordance with) this Section 2.1.
Each of MascoTech, the Institutional Stockholder and Purchaser shall have entered into the Bridge Credit Agreement substantially in the form attached hereto as Exhibit 10.08(A).
Any one or more and/or any combination of such rights may be exercised by an Institutional Stockholder, Management Stockholder and/or the Company from time to time and no such exercise shall exhaust the rights or preclude another Institutional Stockholder or Management Stockholder from exercising any one or more of such rights or combination thereof from time to time thereafter or simultaneously.
If any vacant Director position on any committee of the Board results from an Institutional Stockholder no longer being entitled to nominate Directors, then such vacant position shall be filled by the Board in accordance with the last sentence of Section 2.1(f).
Each Institutional Stockholder shall vote its Shares or execute proxies or written consents, as the case may be, and shall take all other actions necessary, to ensure that the Company’s Charter (a) facilitates, and does not at any time conflict with, any provision of this Agreement and (b) permits each Institutional Stockholder to receive the benefits to which each such Institutional Stockholder is entitled under this Agreement.
Each Institutional Stockholder including Registrable Shares in any registration shall furnish to the Company such information regarding such Institutional Stockholder and the distribution proposed by such Institutional Stockholder as the Company may reasonably request in writing and as shall be required in connection with any registration, qualification or compliance referred to in this Agreement.
The Institutional Stockholder shall have purchased newly issued capital stock of Purchaser in the amounts described in Exhibit 10.10 hereto.
Any right of the Selling Stockholder to attend meetings of the Board of Directors of the Company pursuant to Section 7.5 of the Securities Purchase Agreements will not inure (a) to the benefit of the Transferee without the affirmative vote of the Board of Directors or (b) to any partner, member or stockholder of an Institutional Stockholder who receives such Stock in a distribution from such Institutional Stockholder.