Continued Ownership Sample Clauses

Continued Ownership. The Sponsors shall procure that Amethyst Financial Company Limited remains throughout the Security Period the registered holder and beneficial owner of the entire issued share capital in the Borrower.

Continued Ownership. The GRIID special committee and the GRIID board believes that the all-stock consideration enables GRIID’s stockholders to have a continued ownership position in the combined company (approximately 2% of the combined company based on the issued and outstanding shares of GRIID common stock and CleanSpark’s common stock on the date of the closing of the merger assuming (i) there are 72,340,476 shares of GRIID common stock outstanding, (ii) GRIID having $68,485,430 in estimated outstanding liabilities due and payable, (iii) GRIID having $3,786,779 in estimated cash on hand and (iv) there will be $5 million in severance obligations that will be due and payable) and participate in the value and opportunities of the combined company after the merger, including synergies, potential future increases in bitcoin prices and expected future growth.

Continued Ownership. If the options under Section 6.3 and Section 6.4 are not exercised with respect to all of the Call Option Shares owned by the Shareholder, no sale will occur and the Shareholder will continue to own all of the Shareholder’s Call Option Shares subject to the terms and conditions of this Agreement.

Continued Ownership. The Guarantor shall at all times retain ownership of one hundred percent (100%) of the membership interests in Waimanu Development LLC, and shall not sell, pledge or otherwise transfer any portion of such interest without the written consent of the Lender. Waimanu Development LLC shall at all times retain ownership of at least fifty percent (50%) of the membership interests in the Borrower, and shall not sell, pledge or otherwise transfer any portion of such interest without the written consent of the Lender. No transfer or pledge of any such membership interest in Waimanu Development LLC, or the Borrower, with or without the consent of the Lender, shall release, affect or impair the continuing liability and obligation of the Guarantor under this Limited Guaranty.

Continued Ownership. (a) For as long as each of Unidome and CME Poland owns any Federation Shares, neither ITI Media nor CME shall Transfer the shares of capital stock of Unidome or CME Poland, respectively, that are owned by it or allow Unidome or CME Poland, respectively, as the case may be, to Transfer to any Person any shares of its own capital stock (or, if Unidome or CME Poland shall have transferred the shares of Federation owned by it to a Permitted Transferee, allow such Permitted Transferee to Transfer to any Person any shares of its own capital stock), or Transfer securities or other instruments convertible into, or exchangeable or exercisable for, shares of such capital stock, or rights to purchase such capital stock or any other rights, voting or otherwise, applicable thereto except: i. by pledge to a financial institution as security for financing from such institution, provided that such institution agrees in advance in writing to be bound by the terms of this Section 5.2; ii. if, after giving effect to such Transfer, ITI Media or CME, as the case may be, shall continue to own more than 50% of the outstanding capital stock of Unidome or CME Poland, respectively, as the case may be (or any Permitted Transferee thereof); or iii. in a Control Transfer (as hereinafter defined) for cash in compliance with clause (b) of this Section 5.2.