Independent Party

Example Definitions of "Independent Party"
Independent Party. Shall mean any Person who is a bona fide purchaser and who, directly or indirectly, immediately prior to the proposed transaction, (i) holds less than 5% of the outstanding Securities of the Company (on an as-converted to Common Stock basis) and (ii) is not an Affiliate of the Company or Genstar.
Independent Party. Any Person other than Liberty or a Liberty Related Entity
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