Manager Shares definition

Manager Shares has the meaning set forth in Section 2.8(c).

Manager Shares shall have the meaning set forth in the Recitals hereof.

Manager Shares means the shares of a par value of USD 1 in the capital of the Company having the rights and being subject to the restrictions described in sections 1 and 2 of Appendix 2 and ‘Manager Share’ shall be construed accordingly.

Examples of Manager Shares in a sentence

• The place and time of the closing for the Investment Manager Shares shall be as agreed upon by the Investment Manager and the Fund; provided, however, that the date of such closing for the Investment Manager Shares shall in no event be earlier than the Time of Purchase.

• The Fund also agrees, subject to the terms and conditions set forth herein, to sell to the Investment Manager, and, upon the basis of the representations, warranties and agreements of the Fund contained herein, the Investment Manager shall have the right to purchase from the Fund, at the same purchase price per share as the Underwriters shall pay for the Additional Shares, up to an aggregate of 1,000 Shares (the "Investment Manager Shares").

• Subject to the provisions of the Company’s amended and restated bye-laws, the Manager Shares have the right to appoint the nearest whole number of directors to the Company which is not more than 3/7th of the number of directors comprising the board of directors.

• The Manager Shares are not entitled to receive any dividends, are not convertible into common shares and, except as provided for in the Company’s amended and restated bye-laws, have no voting rights.

• Subject to the provisions of the Company’s bye-laws, the Manager Shares have the right to appoint the nearest whole number of directors to the Company which is not more the 3/7th of the number of directors comprising the board of directors.

More Definitions of Manager Shares

Manager Shares means the Manager's Shares (as defined in the respective organizational documents) of each of the Offshore Funds held, as of the date of this Agreement, by the Offshore Related Partnerships.

Manager Shares means the 100 shares, par value $0.001 per shares, authorized pursuant to Section 4.1(b) of the Amended and Restated Bye-Laws of the Company, as amended.

Manager Shares means the Manager Class A Shares, Manager Class B Shares and/or Manager Special Limited Voting Shares.

Manager Shares means at any time the shares of Common Stock issued by the Company to the Manager as payment for the base management fee and incentive fee pursuant to and in accordance with the terms and provisions of the Management Agreement, together with any class of equity securities of the Company or of a successor to the entire business of the Company which are issued in exchange for the Manager Shares.

Manager Shares are defined as the number of shares calculated by multiplying (i) the percentage of Manager's told equity equivalent to the penalty amount (i.e., the percentage calculated by dividing the dollar amount of the penalty by the dollar amount of Manager's total equity) by (ii) either (a) the membership interests of Manager, of no Change of Control Transaction has closed by March 31, 2001, or (b) the number of shares granted to Manager's members as consideration for their interests in Manager as a result of such change of control, if a Change of Control Transaction closes on or before March 31, 2001.

Manager Shares means the shares of a par value of USD 1 in the capital of the Company having the rights and being subject to the restrictions described in sections 1 and 2

Manager Shares means (i) outstanding shares of stock of any Manager Entity that is a corporation, including, without limitation, any such shares that are held in trust in accordance with such corporation's certificate of incorporation and (ii) interests in the assets or net profits of any Manager Entity that is not a corporation.