Examples of Material Stockholder in a sentence
BIL Securities and Xxxxx collectively shall be considered a Material Stockholder entitled to nominate one (1) director for election to the Company's Board of Directors for so long as BIL Securities and Xxxxx collectively beneficially own 5.0% or more of the Company's outstanding Common Stock following the consummation of the Public Offering.
Xxxxxx shall be considered a Material Stockholder entitled to nominate one (1) director for election to the Company's Board of Directors for so long as Xxxxxx beneficially owns less than 9.9% but 5.0% or more of the Company's outstanding Common Stock following the consummation of the Public Offering.
The applicable Material Stockholder or the Company, as the case may be, shall keep Ticketmaster informed, on a current basis, of any material changes in the status and any material changes or modifications in the material terms of any such proposal, offer, indication or request (including any change to the purchase price contained therein).
The execution, delivery and performance of this Agreement and all other Transaction Documents to be executed and delivered by each Material Stockholder pursuant hereto, and the performance by such Material Stockholder of the Transactions contemplated to be performed by such Material Stockholder have been duly authorized by all necessary corporate and stockholder action of the Material Stockholder, if applicable.
Each Material Stockholder (other than natural Persons) has all requisite power and authority to execute, deliver and perform its obligations under this Agreement and the other Transaction Documents to which it is a party, or specified to be one, and the performance of the transactions contemplated hereby and thereby.
For purposes of this Agreement, "Material Stockholder" means (a) Xxxx Xxxxxxx and -------------------- each other Person or "group" of Persons (within the meaning of Section 13(d)(3) of the Exchange Act) who owns beneficially (as defined in Rule 13d-3 under the Exchange Act) five percent (5%) or more of the outstanding Common Stock of the Company and who has filed a report on Schedule 13D or Schedule 13G with the SEC with respect thereto.
The death, incapacity, dissolution, liquidation, insolvency or bankruptcy of any Material Stockholder shall not terminate such appointment or the authority and agency of the Stockholders’ Representative.
The Common Stock, Preferred Stock, Company Options and/or Company Warrants set forth opposite such Material Stockholder’s name on Exhibit A attached represent all of the shares of Common Stock, Preferred Stock, Company Options and/or Company Warrants owned by such Material Stockholder.
For the purpose of this Agreement, a "Material Stockholder" as of any given date, means, to the knowledge of the Company, any stockholder of the Company that, together with any such stockholder's affiliates, holds Common Stock, Options and/or Equity/Convertible Securities (as defined below), which in the aggregate represent at least 5% of the outstanding Common Stock of the Company (as determined on an as-converted basis).
Such Material Stockholder is the sole record owner of the shares of Common Stock, Preferred Stock, Company Options and/or Company Warrants set forth opposite such Stockholder’s name on Exhibit A attached hereto free and clear of any Encumbrances.