Qualified Stockholders definition

Qualified Stockholders means any Stockholder that holds Preferred Stock (or Common Stock issued upon conversion of Preferred Stock) who is an “accredited investor” (within the meaning of Rule 501(a) promulgated by the Securities and Exchange Commission).

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Qualified Stockholders means any Holder who is an “accredited investor” (within the meaning of Rule 501(a) promulgated by the SEC).

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Examples of Qualified Stockholders in a sentence

• The Qualified Stockholders shall be entitled to purchase such Capital Stock at the same price as such Capital Stock is to be offered to the Offeree; provided that, if the Offeree is required to also purchase other Capital Stock, the Qualified Stockholders shall also be required to purchase the same Capital Stock (at the same price) that the Offeree is required to purchase.

• If any Qualified Stockholder fails to subscribe for such Qualified Stockholder's Proportionate Percentage of the Offered Securities, the other subscribing Qualified Stockholders shall be entitled to purchase such Offered Securities as are not subscribed for by such Qualified Stockholder, up to the number of additional Securities specified in their notice in the same relative proportion in which they were initially entitled to purchase the Offered Securities.

• A delivery of such notice (which notice shall specify the number (or amount) of shares of New Securities to be purchased by the Stockholder submitting such notice, up to such Qualified Stockholder's pro rata amount) by such Qualified Stockholder shall constitute a binding agreement of such Stockholder to purchase, at the price and on the terms specified in the Issuance Notice, the number of shares (or amount) of New Securities specified in such Stockholder's notice.

• The Offer shall be sent by certified or registered mail, return receipt requested, to the Corporation and to the remaining Qualified Stockholders and shall state the number of shares involved.

• Special meetings of the stockholders may be called at any time by (i) the President, (ii) the Chairman of the Board, (iii) the Board of Directors pursuant to a resolution adopted by a majority of the total number of directors that the Corporation would have if there were no vacancies, or (iv) Qualified Stockholders holding at least thirty percent (30%) of all the votes entitled to be cast on any issue proposed to be considered at the special meeting.

• If any Qualified Stockholder elects to acquire less than such Qualified Stockholder's pro rata portion of the available Securities, the other Qualified Stockholders may acquire a pro rata portion of the balance of the Securities remaining.

• In the event that not all Second Round Securities are taken up and purchased by the Qualified Stockholders, the Corporation may issue such Second Round Securities not so subscribed for at a price not less than that set out in the Offer Notice to such Persons as the Board may determine in its discretion, subject to compliance with Section 4.4 hereof.

• The Company and the Qualified Stockholders shall not be entitled to acquire any Securities from the Transferring Stockholder unless they have elected, in the aggregate, to purchase all of the Securities specified in the Initial Notice.

• Any Capital Stock proposed to be offered or sold by the Company to the Offeree after such 90-day period, or at a price not complying with the immediate preceding sentence, must be reoffered to the Qualified Stockholders pursuant to the terms of this Section 4.2 prior to any sale to the Offeree.

• Any such allocation shall be the responsibility of the Qualified Stockholders and shall be handled by separate agreement with the Escrow Agent.

More Definitions of Qualified Stockholders

Qualified Stockholders means all Common Stockholders who owned at least 970 shares of Common Stock on the Record Date;

Qualified Stockholders means WaveTech Stockholders (including, for the avoidance of doubt, holders of WaveTech Awards, Series A Convertible Notes and Convertible Notes, if any) and PIPE Investors, to the extent they have converted their PIPE Securities into, or exercised their PIPE Securities for, New WaveTech Common Stock at the time a Milestone is met. For the avoidance of doubt, WTMA Stockholders, WTMA Rights holders and WTMA Unit holders, including the WTMA insiders, are not Qualified Stockholders for the purposes of the Earnout Shares;

Qualified Stockholders means certain non-U.S. publicly traded stockholders that meet certain record- keeping and other requirements;

Qualified Stockholders means Ribis (and for the purposes of this definition Ribis shall be deemed to hold any Restricted Securities held by Ribis' Related Parties who received such securities in an Exempt Transfer from Ribis) and any other party hereinafter designated as a Qualified Stockholder by Voteco in its sole and absolute discretion.