Preferred Shareholders Clause Samples
The 'Preferred Shareholders' clause defines the rights and privileges granted to holders of preferred shares in a company. Typically, this clause outlines specific benefits such as priority in dividend payments, liquidation preferences, or enhanced voting rights compared to common shareholders. For example, preferred shareholders may receive dividends before any are paid to common shareholders, or have their investment returned first if the company is sold or liquidated. The core function of this clause is to clearly distinguish the preferential treatment and protections afforded to preferred shareholders, thereby attracting investment by reducing their financial risk.
Preferred Shareholders. 1. Beijing Cash Capital Venture Partners.(北京国科鼎鑫投资中心（有限合伙）) (the “Cashcapital Investor”);
2. Beijing Oriental Rhythm Venture Capital CO., LTD(北京五五东方瑞泰创业投资有限公司) (the “Oriental Investor”);
Preferred Shareholders the B Ordinary Shareholders, the A Ordinary Shareholders and any other class of preferred shares in the capital of BTL from time to time; Remuneration Committee the Remuneration Committee of the board of BTL from time to time;
Preferred Shareholders. The Preferred Shareholders may Transfer any Equity Securities of the Company now or hereafter owned or held by them subject to compliance with Section 6.5 below, provided that such transferee shall have executed and delivered such documents and take such other actions as may be necessary for it to join in and be bound by the terms of this Agreement as a “Preferred Shareholder”, and provided further that during the period starting from the Closing Date and until the third (3rd) anniversary thereof (the “Competitor Restriction Period”), the Preferred Shareholders may not Transfer any Equity Securities of the Company to any Competitor of the Group Companies, without the prior consent of the Board. Notwithstanding the foregoing, if any Series A Investor wishes to transfer any Equity Securities of the Company before the Qualified IPO, such Series A Investor shall notify such equity interest transfer to the Founders and the Company and, within twenty (20) days after the receipt of such notice, the Founders, or their designated third party shall have the right of first refusal to purchase the transferred Equity Securities on the same price and terms set forth in such notice. For purposes of this Agreement, a “Competitor of the Group Companies” means any company (and their respective Affiliates) that is primarily engaged in the business of an online real estate transaction platform (for purposes of clarity, it shall be limited to the selling of new houses and secondary houses); provided, that for purposes of this definition only, “Affiliates” shall not include any financial or corporate investor shareholders of such company that do not otherwise Control such company; and provided further, notwithstanding the foregoing, “Competitor of the Group Companies” shall exclude such Persons in whom any of the Investors has made its investment in such Person prior to the date of execution of the Series C Equity Interests Purchase Agreement.
Preferred Shareholders. All appropriate approvals and consents have been received from the Series A Preferred Shares and the Series B Preferred Shares (the “Preferred Stockholders”) in accordance with the Target’s Articles of Incorporation with respect to the conversion of their preferred shares into common stock. Immediately prior to the Effective Time, Target will not have any obligations (monetary or otherwise) to any Preferred Stockholders.
Preferred Shareholders. LIAD DEVELOPMENT AND HOLDINGS LTD.
Preferred Shareholders. Subject to Section 5, each Preferred Shareholder may Transfer any Equity Securities of the Company now or hereafter owned or held by it without limitation; provided that (a) such Transfer is effected in compliance with all applicable Laws and this Section 4; (b) the transferee, prior to the completion of the Transfer, shall have executed and delivered a Deed of Adherence substantially in the form attached hereto as Appendix B to join in and be bound by the terms of this Agreement as a “Preferred Shareholder” (if not already a Party hereto); (c) with respect to the Preferred Shareholders other than Series C Lead Investor and Meituan, the transferee cannot be a Competitor of the Company, unless otherwise agreed by the Founders and the Majority Preferred Holders; and (d) with respect to the Series C Lead Investor and Meituan, the transferee shall not be a Competitor of the Company, unless otherwise agreed by the Founders.
Preferred Shareholders. Series A Redeemable Participating Preferred Stock beneficially held by ▇▇▇ ▇▇▇▇▇▇
Preferred Shareholders. Preferred Shareholders" shall mean all the registered and beneficial holders of the Class C Preferred Shares and the Class F Preferred Shares of SFG.