Related Party Limit definition

Related Party Limit means 9.8% of the outstanding Common Shares of the Corporation.
Related Party Limit means 9.8% of the outstanding Series A Preferred Shares of the Corporation.
Related Party Limit has the meaning set forth in Section 4(a) of Division B of the Articles.

Examples of Related Party Limit in a sentence

  • The Board has granted waivers from the Related Party Limit to the Owners in excess of the Related Party Limit pursuant to its authority provided in Section 4(l)(iii) of Division B of the Articles.

  • The Board has granted waivers from the Related Party Limit to the Owners in excess of the Related Party Limit pursuant to its authority provided in Section 7.12(b) of the Articles.

  • Except as set forth in Section (C)(5) of this Article IV, nothing contained in this Article IV shall limit the authority of the Corporation to take such other action as it deems necessary or advisable to protect the Corporation and the interests of its stockholders by preservation of the Corporation's status as a REIT and to ensure compliance with the Ownership Limit, the Look-Through Ownership Limit and the Related Party Limit.

  • A waiver agreement in the form attached hereto as Exhibit D, without deviation (the “Waiver Agreement”), relating to a waiver of the Related Party Limit (as defined in the Articles of Incorporation), shall have been executed by a duly authorized officer of Issuer.

  • Except as set forth in Section (C)(5) of -------------------- this Article IV, nothing contained in this Article IV shall limit the authority of the Corporation to take such other action as it deems necessary or advisable to protect the Corporation and the interests of its stockholders by preservation of the Corporation's status as a REIT and to ensure compliance with the Ownership Limit, the Look-Through Ownership Limit and the Related Party Limit.


More Definitions of Related Party Limit

Related Party Limit means ownership, whether direct, indirect or as a result of attribution of ownership for purposes of the REIT Provisions of the Code, of in excess of 9.8% of either the number of total Shares outstanding or the total combined voting power of all classes of Shares entitled to vote.
Related Party Limit has the meaning set forth in Section 7.1 of the Articles.
Related Party Limit means 9.8% of the outstanding Equity Stock of the Corporation.
Related Party Limit means, with respect to a class or series of ------------------- Equity Stock, 15% of the number of outstanding shares of such Equity Stock applied (i) in the aggregate, to all Persons who are Z-Related Parties and (ii) in the aggregate, to all Persons who are L-Related Parties.
Related Party Limit means ownership, whether direct, indirect or as a result of attribution of ownership for purposes of the REIT Provisions of the Code, of in excess of 9.8%
Related Party Limit means, with respect to a class or series of
Related Party Limit means 9.8% of the outstanding Common Shares of the Trust.