Principal Stockholder definition

Principal Stockholder means any person who individually or in concert with his spouse and

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Principal Stockholder means, collectively, (i) the Sponsor and (ii) any affiliate or successor of a person referenced in clauses (i) and (ii) of this definition.

Principal Stockholder means, collectively, (A) the Sponsor and (B) any affiliate or successor of the Sponsor.

Examples of Principal Stockholder in a sentence

• For so long as the Principal Stockholder beneficially owns at least 25.0% of the issued and outstanding shares of Common Stock, the Corporation shall not amend, supplement or otherwise modify, and shall take all actions necessary to ensure that the Corporate Governance Guidelines are not amended, supplemented or otherwise modified, with respect to the role, responsibilities or duties of the Chair of the Board without the consent of the Principal Stockholder, such consent not to be unreasonably withheld.

• Unless the Board otherwise requests, in the event of a reduction in the number of BDT Directors to be nominated in accordance with the provisions of Section 1.01, the Principal Stockholder shall use its best efforts to obtain the resignations of the number of BDT Directors corresponding with such reduction.

• Such sharing will be for the dual purpose of facilitating support to such individuals in their capacity as members of the Board and enabling the Principal Stockholder, as equity holder, to better evaluate the Corporation’s performance and prospects.

• Individuals associated with the Principal Stockholder may from time to time serve on the Board.

• Notwithstanding the foregoing, no BDT Director shall be required to be designated by the Principal Stockholder on any committee and any failure by the Principal Stockholder to exercise such right provided for herein at any time shall not constitute any waiver of such right at any time.

More Definitions of Principal Stockholder

Principal Stockholder means any of IEP Energy LLC, any Affiliate of IEP Energy LLC, the Principal and any Related Party.

Principal Stockholder means, collectively, (i) the Sponsor, (ii) M. Klein and Company, (iii) Michael S. Klein, and (iv) any affiliate or successor of a person referenced in clauses (i) through (iii) of this definition.

Principal Stockholder means, collectively, (i) the Sponsor, (ii) Cantor Fitzgerald & Co., (iii) Howard Lutnick, and (iv) any affiliate or successor of a person referenced in clauses (i) and (iii) of this definition.

Principal Stockholder has the meaning set forth in the preamble.

Principal Stockholder means each of ▇▇▇▇▇ Investment Associates VII, L.P., a Delaware limited partnership, KEP VI, LLC, a Delaware limited liability company, GS Capital Partners V Fund, L.P., a Delaware limited partnership, GS Capital Partners V Offshore Fund, L.P., a Cayman Islands exempted limited partnership, GS Capital Partners V Institutional, L.P., a Delaware limited partnership and GS Capital Partners V GmbH & Co. KG, a German limited partnership.

Principal Stockholder of a corporation means any person who, directly or indirectly, beneficially owns, holds or has the power to vote, 10% or more of any class of securities issued by the corporation.

Principal Stockholder means, collectively, (i) the Sponsor and (ii) any affiliate or successor of a person referenced in clause (i) of this definition.