Permitted Institutional Investor definition
Permitted Institutional Investor means any Qualified Institutional Investor that is not required to file with the Securities and Exchange Commission a Schedule 13D (or any successor form) in respect of the Common Stock; provided that such Person (a) is not and does not become the Beneficial Owner of a Prohibited Block and (b) is not and does not become Restricted Investor; and provided further that such person shall have delivered a Permitted Institutional Investor Certification to the Company prior to becoming the Beneficial Owner of a Substantial Block. For avoidance of doubt, in the event a Permitted Institutional Investor becomes the Beneficial Owner of securities of the Company constituting a Prohibited Block, such Person shall immediately be deemed to be an Acquiring Person.
Permitted Institutional Investor means any of the following:
Permitted Institutional Investor means (a) any original purchaser of a Note and (b) any bank, trust company, savings and loan association or other financial institution, any pension plan, any investment company, any insurance company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form.
Examples of Permitted Institutional Investor in a sentence
Notwithstanding the foregoing restrictions on the offer, transfer or sale of the Notes, any Noteholder may offer, sell or transfer any of its Notes to any Permitted Institutional Investor (other than a Restricted Investor) holding securities in a Competitor as part of its investment portfolio.
More Definitions of Permitted Institutional Investor
Permitted Institutional Investor means a Person that is an Institutional Accredited Investor or a Qualified Institutional Buyer.