Substitute Shareholder means a Person who acquired Company Shares and who has been admitted as a Shareholder pursuant to Article IV of this Agreement.
Substitute Shareholder. Means a Person who is admitted as a Shareholder of the Company, as a result of a transfer of Shares to such Person. LIMITED LIABILITY COMPANY OPERATING AGREEMENT REI CAPITAL GROWTH LLC a Delaware Limited Liability Company Target Growth Rate The Company will target annual increases in NAV that may vary from time to time and shall be based on appreciation in the NAV of the FUND’s real estate portfolio together with investment of the Company’s free cash flow into the acquisition of additional properties for the FUND’s real estate portfolio. Term Has the meaning ascribed to it in §1.5. Transfer Means to give, sell, assign, pledge, hypothecate, devise, bequeath, or otherwise dispose of, transfer, or permit to be transferred, during life or at death, but excludes any redemption of Shares. With respect to any Shareholder for which Shares constitute all or substantially all of such Shareholder’s assets, a sale or other conveyance of a majority of the equity or ownership interests of or control of such Shareholder to an unaffiliated third party shall constitute a Transfer of the Shares held by such Shareholder. Transfer when used as a noun means any Transfer transaction. Transfer Agent Means, with respect to any class of Shares, such bank, trust company or other Person (including the Company or one of its Affiliates) as shall be appointed from time to time by the Company to act as registrar and transfer agent for such class of Shares; provided that if no Transfer Agent is specifically designated for such class of Shares, the Company shall act in such capacity.
Substitute Shareholder. Means a Person who is admitted as a Shareholder of the Company, as a result of a transfer of Shares to such Person. Target Growth Rate The Company will target annual increases in NAV that may vary from time to time and shall be based on appreciation in the NAV of the FUND’s real estate portfolio together with investment of the Company’s free cash flow into the acquisition of additional properties for the FUND’s real estate portfolio. Term Has the meaning ascribed to it in §1.5. Transfer Means to give, sell, assign, pledge, hypothecate, devise, bequeath, or otherwise dispose of, transfer, or permit to be transferred, during life or at death, but excludes any redemption of Shares. With respect to any Shareholder for which Shares constitute all or substantially all of such Shareholder’s assets, a sale or other conveyance of a majority of the equity or ownership interests of or control of such Shareholder to an unaffiliated third party shall constitute a Transfer of the Shares held by such Shareholder. Transfer when used as a noun means any Transfer transaction. LIMITED LIABILITY COMPANY OPERATING AGREEMENT REI CAPITAL GROWTH, LLC A Delaware Limited Liability Company Transfer Agent Means, with respect to any class of Shares, such bank, trust company or other Person (including the Company or one of its Affiliates) as shall be appointed from time to time by the Company to act as registrar and transfer agent for such class of Shares; provided that if no Transfer Agent is specifically designated for such class of Shares, the Company shall act in such capacity. Warehoused Transactions Has the meaning ascribed to it in §4.14.
Examples of Substitute Shareholder in a sentence
In addition, any transfer of shares to a Substitute Shareholder on the basis of any representation by a transferring Shareholder or such Substitute Shareholder which is untrue or which is subsequently breached by either such Shareholder shall be void.
Site also has Chemical Management Procedures and COSHH procedures which govern any changes or new chemicals to be used on-site.
No transfer of shares in violation of this Clause 19 shall be valid or effective and consequently the ICAV shall not recognise such transfer for any purpose, including the making of distributions of income or capital, or otherwise with respect to shares and any transfer of shares to a Substitute Shareholder on the basis of any representation by a Shareholder which is untrue or which is subsequently breached by such Shareholder shall be void.
More Definitions of Substitute Shareholder
Substitute Shareholder means an Assignee who has been admitted to all of the rights of the Shareholders pursuant to Section 8.3(b) or Section 8.5.