Exchanging Owners Clause Samples

Exchanging Owners. Approval by the PSCW for the Exchanging Owners, as necessary, to invest in entities other than the Company and ATC Manager.
View SourceView Similar (2)
Exchanging Owners. Each Exchanging Owner agrees that it will execute and deliver signature pages to the Amended and Restated Operating Agreement within two Business Days following notice of the First Closing Date. Each Exchanging Owner agrees that it will, in response to a solicitation by ATC Manager’s Board of Directors, vote its ATC Manager Common Shares in favor of the Second Amended and Restated Articles of Incorporation and Amended and Restated Bylaws; provided, however, that the Dominant Shareholder (as defined in the Second Amended and Restated Articles of Incorporation) will vote any shares in excess of 34.07% of the outstanding shares of ATC Common Stock in proportion to the way in which shareholders that are not affiliated with it vote their shares of Common Stock). Further, each Owner that will be a party to the Amended and Restated Shareholders Agreement agrees that it will deliver to ATC Manager the certificates evidencing its shares in ATC Manager, duly endorsed for transfer, in exchange for new certificates evidencing its ATC Manager Common Shares.
View SourceView Similar (2)

Related to Exchanging Owners

  • Definitive Trust Certificates The Trust Certificates, upon original issuance, will be issued in definitive, fully registered form.

  • Concerning Owner Trustee Section 7.01. Acceptance of Trusts and Duties.....................................17 Section 7.02. Furnishing Documents................................................18 Section 7.03.

  • Nominees for Beneficial Owners In the event that any Registrable Securities are held by a nominee for the beneficial owner thereof, the beneficial owner thereof may, at its election in writing delivered to the Company, be treated as the holder of such Registrable Securities for purposes of any request or other action by any holder or holders of Registrable Securities pursuant to this Agreement or any determination of any number or percentage of shares of Registrable Securities held by any holder or holders of Registrable Securities contemplated by this Agreement. If the beneficial owner of any Registrable Securities so elects, the Company may require assurances reasonably satisfactory to it of such owner's beneficial ownership of such Registrable Securities.

  • Beneficial Owner; Holder Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the person in whose name that Warrant shall be registered on the Warrant Register (the “Holder”) as the absolute owner of such Warrant for purposes of any exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Warrant Agent or any agent of the Company or the Warrant Agent from giving effect to any written certification, proxy or other authorization furnished by DTC governing the exercise of the rights of a holder of a beneficial interest in any Warrant. The rights of beneficial owners in a Warrant evidenced by the Global Certificate shall be exercised by the Holder or a Participant through the DTC system, except to the extent set forth herein or in the Global Certificate.

  • Beneficial Owners As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of Units, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner on behalf of the Partnership and each Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest in Units will be limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Beneficial Owners will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect Participants and Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased Units, a written confirmation relating to their purchase of Units.