Substitute Shareholder definition

Substitute Shareholder means a Person who acquired Company Shares and who has been admitted as a Shareholder pursuant to Article IV of this Agreement.
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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.
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Examples of Substitute Shareholder in a sentence

  • Assignee - A Person to whom Shares have been transferred who has not been admitted as a Substitute Shareholder.

  • In the event of a sale or exchange of some or all of a Shareholder’s Shares, the Capital Account of the transferring Shareholder shall become the Capital Account of the Substitute Shareholder or Assignee, as the case may be, to the extent it relates to the portion of the Shares transferred.

  • The Transferee of any Shares shall be admitted to the Company as a Substitute Shareholder (and as a member of the Company within the meaning of the Act) on the effective date of such Transfer upon (i) such Transferee's written acceptance of the terms and provisions of this Agreement and its written assumption of the obligations hereunder of the Transferor of such Shares, and (ii) the recording of such Transferee's name as a Substitute Shareholder on the books and records of the Company.

  • Additional Shareholder - A Shareholder other than an Initial Shareholder or a Substitute Shareholder who has acquired Shares from the Company.

  • A Person who owns Shares, identified as an Initial Shareholder, Substitute Shareholder, or Additional Shareholder, including, unless the context expressly indicates to the contrary, a Manager.

  • The Purchaser shall be an Assignee, as defined in the Operating Agreement, of the Class A Common Shares acquired under this Warrant until such Purchaser satisfies all requirements to be admitted as a Substitute Shareholder of the Issuer as specified in the Operating Agreement.

  • If so admitted, the Substitute Shareholder has all the rights and powers and is subject to all the restrictions and liabilities of the Shareholder originally assigning the Shares.

  • Westinghouse Hanford Company, as the Management and Operating Contractor for the Hanford Site is tasked with assisting the DOE with NEPA compliance.

  • An Assignee of Shares shall be admitted as a Substitute Shareholder and admitted to all the rights of the Shareholder who initially assigned the Shares only with the approval, which may be withheld, of the Manager (or of a Majority of Remaining Shareholders at any time that a Manager does not manage the Company).

  • The admission of a Substitute Shareholder, without more, shall not release the Shareholder originally assigning the Shares from any liability to the Company that may have existed prior to the approval.

Related to Substitute Shareholder

  • Major Shareholder means a shareholder who directly or indirectly holds 10% or more of the voting rights.

  • Transferring Shareholder has the meaning set out in Section 6.1; and

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Company Shareholder means a holder of Company Shares.

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • 10% Shareholder means a person who owns, directly or indirectly, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company. Indirect ownership of stock shall be determined in accordance with Code Section 424(d).

  • substantial shareholder means a person who is entitled to exercise, or to control the exercise of, 10% or more (or such other percentage as may be prescribed by the Listing Rules) of the voting power at any general meeting of the Company;

  • Substitute Purchaser is defined in Section 21.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Major Stockholder means any such Person.

  • Ordinary Shareholder means a holder of ordinary shares;

  • Independent Shareholders means holders of outstanding Voting Shares, excluding (i) any Acquiring Person, (ii) any Offeror, (iii) any Affiliate or Associate of any Acquiring Person or Offeror, (iv) any Person acting jointly or in concert with any Acquiring Person or Offeror, and (v) any employee benefit plan, share purchase plan, deferred profit sharing plan or trust for the benefit of employees of the Corporation or a wholly-owned Subsidiary of the Corporation (unless the beneficiaries of such plan or trust direct the manner in which such Voting Shares are to be voted or direct whether the Voting Shares are to be deposited or tendered to a Take-Over Bid, in which case such plan or trust shall be considered to be an Independent Shareholder).

  • ² Shareholder means a person who owns shares in the company and is actively involved in the management of the company or business and exercises control over the company.

  • Record shareholder means the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with a corporation.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Transferring Stockholder has the meaning assigned to such term in Section 3.4(a).

  • Interested Shareholder means any Person (other than the Company and any direct or indirect majority-owned subsidiary of the Company) that (i) is the owner of 15% or more of the outstanding voting Shares of the Company, or (ii) is an affiliate or associate of the Company and was the owner of 15% or more of the outstanding voting Shares of the Company at any time within the 3-year period immediately prior to the date on which it is sought to be determined whether such Person is an interested Shareholder, and the affiliates and associates of such Person; provided, however, that the term “interested Shareholder” shall not include (x) any Person who (A) owned Shares in excess of the 15% limitation set forth herein as of, or acquired such Shares pursuant to a tender offer commenced prior to, the date of registration by the Registrar of the notice of adoption of the Articles, which set forth this Article 25, or pursuant to an exchange offer announced prior to the aforesaid date and commenced within 90 days thereafter and either (I) continued to own Shares in excess of such 15% limitation or would have but for action by the Company or (II) is an affiliate or associate of the Company and so continued (or so would have continued but for action by the Company) to be the owner of 15% or more of the outstanding voting Shares of the Company at any time within the 3-year period immediately prior to the date on which it is sought to be determined whether such Person is an interested Shareholder or (B) acquired said Shares from a Person described in item (A) of this paragraph by gift, inheritance or in a transaction in which no consideration was exchanged; or (y) any Person whose ownership of Shares in excess of the 15% limitation set forth herein is the result of action taken solely by the Company; provided that such Person shall be an interested Shareholder if thereafter such Person acquires additional Shares of voting Shares of the Company, except as a result of further corporate action not caused, directly or indirectly, by such Person. For the purpose of determining whether a Person is an interested Shareholder, the voting Shares of the Company deemed to be outstanding shall include Shares deemed to be owned by the Person through application of Article 23.3(i) but shall not include any other unissued Shares of the Company which may be issuable pursuant to any agreement, arrangement or understanding, or upon exercise of conversion rights, warrants or options, or otherwise. Any determination made by the Board of Directors as to whether any Person is or is not an interested shareholder shall be conclusive and binding upon all shareholders of the Company.

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • Initial Shareholder means any beneficial owner of the Company’s unregistered securities.

  • Major Shareholders Means a person who has an interest or interests in one or more

  • Eligible Stockholder means a person who has either (1) been a record holder of the shares of common stock of the Corporation used to satisfy the eligibility requirements in Section 3.2(d) continuously for the required three-year period or (2) provides to the Secretary of the Corporation, within the time period referred to in Section 3.2(e), evidence of continuous Ownership of such shares for such three-year period from one or more securities intermediaries.

  • Purchaser Designee means each individual then serving on the Board of Directors pursuant to the exercise of the Purchaser’s rights pursuant to Section 4.07(a) and/or Section 4.07(e), together with any designee(s) of the Purchaser who is then standing for election to the Board of Directors pursuant to Sections 4.07(a) and (b) or who is being proposed for election by the Purchaser pursuant to Section 4.07(e).

  • Preferred Shareholder means any holder of Preferred Shares.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Scheme Shareholder means a person who is registered in the Register as the holder of one or more Scheme Shares as at the Record Date.

  • Management Shareholders means Xxxxxx X. Xxxxx, Xxxxxxxx X. Xxxxxx and Xxxxx X. XxXxxxx;