Examples of Minority Member in a sentence
The receipt by the Company of the proceeds of sale of Shares of a Minority Member is a good discharge to the Purchaser of all liability in respect of the purchase of the Shares.
Where the Company receives an offer for the purchase of all the Shares of a Minority Member to whom clause 8.2 applies at the date of the offer at a price not less than the Authorised Price, then the Company may accept the offer on behalf of the Minority Member.
The remedy of any Minority Member to whom clause 8.2 applies in respect of the sale of the Shares of the Minority Member is limited to a right of action in damages against the Company to the exclusion of any other right, remedy or relief against any other person.
Where a Minority Member has given written notice to the Company under clause 8.10 that the Minority Member wishes to retain the Minority Member’s Shares, the Minority Member may at any time revoke or withdraw that notice by notice in writing to the Company and clause 8.2 then applies to the Minority Member.
The Company may appoint a person to act as the attorney of a Minority Member to whom clause 8.2 applies to execute a transfer of the Minority Member’s Shares to the Purchaser.