Restricted Owners definition
Examples of Restricted Owners in a sentence
It is the intention of the parties hereto that this Declaration, and all of the covenants and restrictions imposed upon the Restricted Owners pursuant to this Declaration, shall run with the land affected thereby, and shall apply to and bind the successors (whether by operation of law or otherwise) and assigns of the respective Restricted Owners.
The Company and the Restricted Owners each covenant and agree to enter into and to use their best efforts to cause any successor or assignee of the Company described in clause (i) of this Section 2(d) to enter into an agreement substantially similar to this Agreement if the Restricted Owners collectively own at least 20% of the equity interests in such successor or assignee.
The provisions of Section 2(b) above do not apply to any Transfer by a Restricted Owner of such Restricted Owner's Owner Shares pursuant to (i) a registration statement filed under the Securities Act, or (ii) a sale effected through a national securities exchange or the Nasdaq Stock Market.
In addition to any restrictions on the Transfer of Owner Shares that are imposed under the Securities Act or other applicable securities laws, no Restricted Owner shall Transfer or Pledge all or any part of such Restricted Owner's Owner Shares without the prior written consent of the other Restricted Owners or in accordance with this Section 2.
The provisions of Section 2(b) above do not apply to any Transfer by a Restricted Owner of such Restricted Owner's Owner Shares in an Excluded Affiliate Transfer.
The City is relying upon Developer, the Parent Company and its controlled Affiliates and all other Restricted Owners in the exercise of their respective skill, judgment, reputation and discretion with respect to the Project.
If, notwithstanding the foregoing, the Administrator determines that 40% or more of the Trust Units are or appear to the Administrator to be beneficially owned by Restricted Owners, the Administrator may require the Transfer Agent in the manner specified by the Administrator, to send a notice (hereinafter referred to as a “Non-resident Notice”) to Unitholders, chosen in inverse order to the order of acquisition or registration or in such manner as the Administrator may consider practicable, which shall.
Each of the Restricted Owners shall have executed and delivered the Restriction Agreements to Parent and such Restriction Agreements shall remain in full force and effect, without any such Restriction Agreement having been repudiated or purportedly revoked.
Provided that the Restricted Owners shall have complied with their obligations under the final sentence of Section 7.2(l), the parties shall not (a) knowingly take any action (or knowingly fail to take any action) if such action (or failure) would be reasonably likely to cause the Mergers (taken together) to fail to so qualify, or (b) take a reporting position that is inconsistent with that intention, unless otherwise required following a determination within the meaning of Section 1313 of the Code.