Masterworks Shares definition

Masterworks Shares has the meaning set forth in Section 2.8(c).
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Examples of Masterworks Shares in a sentence

  • Any Masterworks Shares shall bear a customary “restricted” legend, which may be a virtual legend, evidencing the restricted nature thereof.

  • In the event that the Delaware Act or any other law requires, at any time, that the Masterworks Shares vote on any matter notwithstanding the provisions herein, the Masterworks Shares shall be required to be, and shall be, voted in the same proportion as the Voting Shares that are not Masterworks Shares are voted by the Class A Members.

  • Once the Masterworks Shares, if any, are Transferred to any Person who is not an Affiliate of the Administrator, the Masterworks Shares shall thereafter have all voting rights that any other Voting Shares held by any Class A Member have hereunder or pursuant to the Delaware Act.

  • In the event that the Delaware Act or any other law requires, at any time, that the Masterworks Shares of a particular Series vote on any matter notwithstanding the provisions herein, the Masterworks Shares of such Series shall be required to be, and shall be, voted in the same proportion as the Voting Shares of such Series that are not Masterworks Shares of such Series are voted by the Class A Members of such Series.

  • Once the Masterworks Shares of a particular Series, if any, are Transferred to any Person who is not an Affiliate of the Administrator, the Masterworks Shares of such Series shall thereafter have all voting rights with respect to such Series that any other Voting Shares of such Series held by any Class A Member of such Series have hereunder or pursuant to the Delaware Act.

  • Once the Masterworks Shares, if any, are Transferred to any Person who is not an Affiliate of the Administrator, the Masterworks Shares shall thereafter have all voting rights that any other Shares held by any Member have hereunder or pursuant to the Delaware Act.

  • Once the Masterworks Shares are Transferred to any Person who is not an Affiliate of the Administrator, the Masterworks Shares shall thereafter have all voting rights that any other Voting Shares held by any Class A Member, have hereunder or pursuant to the Delaware Act.

  • In the event that the Delaware Act or any other law requires, at any time, that the Masterworks Shares vote on any matter notwithstanding the provisions herein, the Masterworks Shares shall be required to be, and shall be, voted in the same proportion as the Shares that are not Masterworks Shares are voted by the Members.

  • Once the Masterworks Shares, if any, are Transferred to any Person who is not an Affiliate of the Administrator , the Masterworks Shares shall thereafter have all voting rights that any other Voting Shares held by any Class A Member have hereunder or pursuant to the Delaware Act.

Related to Masterworks Shares

  • Masterworks Investor refers to an affiliate of Masterworks that has raised capital from unaffiliated third party investors to invest the proceeds in a diversified collection of artwork and which acquires Class A Ordinary Shares as part of such investment strategy.

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

  • Company Shares means the common shares in the capital of the Company;

  • ASA Shares has the meaning set forth in 2.4(a).

  • Waterworks System or “system” means a system of pipes and structures through which water is obtained and distributed, including but not limited to wells and well structures, intakes and cribs, pumping stations, treatment plants, storage tanks, pipelines and appurtenances, or a combination thereof, actually used or intended for use for the purpose of furnishing water for drinking or household purposes.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Sold Shares shall have the meaning specified in Section 6.

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • Publicly Owned Treatment Works (POTW means a treatment works as defined by § 212 of the CWA, which is owned by a state or municipality (as defined by § 502(4) of the CWA). This definition includes any devices and systems used in the storage, treatment, recycling, and reclamation of municipal sewage or industrial wastes of a liquid nature. It also includes sewers, pipes, and other conveyances only if they convey wastewater to a POTW treatment plant. The term also means the municipality as defined in § 502(4) of the CWA, which has jurisdiction over the indirect discharges to and the discharges from such a treatment works.

  • Retained Shares has the meaning set forth in the recitals.

  • Subject Shares means that number of Shares set forth on the Securityholder’s signature page attached to this Agreement, being all of the Shares owned legally or beneficially, either directly or indirectly, by the Securityholder or over which the Securityholder exercises control or direction, either directly or indirectly, and shall further include any Shares issued upon the conversion, exercise or vesting, as applicable, of Convertible Securities or otherwise acquired by the Securityholder after the date hereof.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Net Shares has the meaning provided in Section 2.12 hereof.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Subscription Software means software provided and hosted in the Computing Environment by SAP on a subscription basis as part of the HEC Subscription offering as identified in the Order Form.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.

  • Transferred Technology has the meaning set forth in Section 2.3(a).

  • Merger Shares has the meaning set forth in Section 2.2(c).