Reuters Entities definition
Examples of Reuters Entities in a sentence
At any time within three years of the date the Reuters Entities cease to beneficially own at least 15% of the Total Voting Power of Instinet, Reuters shall vote all of the Common Stock held by Reuters Entities in favor of any amendment (which is approved by the Board of Directors) to Instinet's Certificate of Incorporation that proposes to "opt-in" to Delaware 203.
So long as the Reuters Entities or any Transferee and its Affiliates beneficially own 15% or more of the Total Voting Power of Instinet, Instinet hereby agrees not to amend its Certificate of Incorporation to "opt-in" to Delaware 203 without the prior written consent of Reuters or such Transferee.
Notwithstanding the foregoing, so long as the Reuters Entities beneficially own at least 20% or more of the Total Voting Power of Instinet, Instinet shall provide the Reuters Parent with an Annual Budget of profits or losses with quarterly updated Outlooks of profits or losses in accordance with reporting timetables agreed to by the parties hereto.
Subject to compliance by the Island Stockholders with their obligations pursuant to this Section 2.8, the Reuters Entities shall not exercise any rights pursuant to Article III of the Corporate Agreement until such time as the Registration Rights Agreement is entered into and during such time as the Registration Rights Agreement is in effect.
Reuters covenants and agrees that it will not, and will cause the Reuters Entities not to, take any action or enter into any commitment or agreement which may reasonably be anticipated to result, with or without notice and with or without lapse of time or otherwise, in a contravention of any stock exchange (or inter-dealer quotation system) rule or similar requirement applicable to any Instinet Entity (of which Reuters has knowledge or has otherwise been made aware of by Instinet).
Reuters covenants and agrees that it will not, and will cause the Reuters Entities not to, take any action or enter into any commitment or agreement which may reasonably be anticipated to result, with or without notice and with or without lapse of time or otherwise, in a contravention of any stock exchange rule or similar requirement applicable to any Instinet Entity (of which Reuters has knowledge or has otherwise been made aware of by Instinet).
So long as the Reuters Entities beneficially own a majority of the Total Voting Power of Instinet, Instinet hereby agrees not to incur (after giving pro forma effect to such incurrence) in excess of an aggregate of $400 million of Net Indebtedness outstanding at any one time without Reuters's prior written consent.
Instinet and Reuters shall cooperate with each other in connection with the preparation of any such information statement, and Reuters shall furnish all information concerning it and any other applicable Reuters Entities as Instinet may reasonably request in connection therewith.
Any such release of Reuters Entities from the provisions of this Section 2.4 shall not affect the obligations of any other Person that otherwise remains subject to this Section 2.4 in accordance with its terms by reason of Section 2.1(c)(iv) or otherwise.
Instinet acknowledges that so long as Reuters Entities beneficially own a majority of the Total Voting Power of Instinet, Instinet will, and will cause each of the other Instinet Entities to, adhere to the Reuters Trust Principles.