Ownership Limit definition

Ownership Limit means, for any Person other than the Initial Holder or a Look-Through Entity, a number of the Outstanding shares of Class C Preferred Stock of the Corporation having an Aggregate Value not in excess of the excess of (x) 8.7% of the Aggregate Value of all Outstanding shares of Equity Stock over (y) the Aggregate Value of all shares of Equity Stock other than Class C Preferred Stock that are Beneficially Owned by the Person.

Ownership Limit means the restriction or restrictions on the ownership and transfer of stock of the General Partner imposed under the Charter.

Ownership Limit means 9.8% (by value or number of shares, whichever is more restrictive) of the outstanding shares of Series A Preferred Stock of the Company. The number and value of shares of outstanding Series A Preferred Stock of the Company shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

Examples of Ownership Limit in a sentence

• Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member.

• The Board of Directors, upon receipt of a ruling from the Internal Revenue Service or an opinion of tax counsel or other evidence or undertaking acceptable to it, may waive the application, in whole or in part, of the Ownership Limit to a Person subject to the Ownership Limit, if such person is not an individual for purposes of Section 542(a) of the Code and is a corporation, partnership, estate or trust.

• For the purpose of this Article VII, the following terms shall have the following meanings: Aggregate Stock Ownership Limit.

• No Excepted Holder Limit shall be reduced to a percentage that is less than the Common Share Ownership Limit or Aggregate Ownership Limit, as applicable.

• The board of directors may from time to time increase the Common Stock Ownership Limit and the Aggregate Stock Ownership Limit.

More Definitions of Ownership Limit

Ownership Limit means (a) with respect to Common Shares, 9.8% (in value or number of shares, whichever is more restrictive) of the Common Shares outstanding at the time of determination and (b) with respect to any other class or series of Shares, 9.8% (in value or number of shares, whichever is more restrictive) of the Shares of such class or series outstanding at the time of determination.

Ownership Limit means, with respect to each class or series of Equity Shares, 9.8% (by value) of the outstanding shares of such Equity Shares.

Ownership Limit means 24.9% of the capital or profits interests of the Partnership.

Ownership Limit means (i) with respect to Common Shares, 9.8% (in value or number of shares, whichever is more restrictive) of the Outstanding Common Shares; and (ii) with respect to any other class or series of Shares, 9.8% (in value or number of shares, whichever is more restrictive) of the Outstanding Shares of such class or series.

Ownership Limit means, with respect to the Common Stock, 9.9% of the number of outstanding shares of Common Stock and, with respect to any class or series of Preferred Stock, 9.9% of the number of outstanding shares of such class or series of Preferred Stock.

Ownership Limit means the Common Share Ownership Limit or the Preferred Share Ownership Limit, or both, as the context may require.

Ownership Limit means 9.8% (by value or by number of shares, whichever is more restrictive) of the outstanding Series A Preferred Stock of the Corporation, excluding any such outstanding Series A Preferred Stock which is not treated as outstanding for federal income tax purposes. The number and value of shares of outstanding Series A Preferred Stock of the Corporation shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.