Waiver of pre-emption rights Sample Clauses
A waiver of pre-emption rights clause removes the default right of existing shareholders to be offered new shares before they are offered to outside parties. In practice, this means that when a company issues new shares, it can sell them directly to new investors without first giving current shareholders the opportunity to purchase them in proportion to their existing holdings. This clause is commonly used to facilitate faster capital raising or to bring in strategic investors, and it solves the problem of potential delays or complications that arise from having to offer new shares to all existing shareholders first.
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Waiver of pre-emption rights. The Seller waives and shall procure the waiver of all rights of pre-emption over or other rights to restrict transfer of the Shares conferred either by the constitutional documents of the Company or in any other way.
Waiver of pre-emption rights. The Vendors by their execution of this Agreement hereby waive any pre-emption rights in respect of the Shares conferred on them under the articles of association of the Company or otherwise.
Waiver of pre-emption rights. Each of the Vendors hereby waives any and all pre-emption rights which he may have in relation to the sale of any of the Shares to the Purchaser hereunder whether arising under the articles of association of the Company or otherwise.
Waiver of pre-emption rights. To the extent authorised by applicable Laws and save as to the rights set out in clause 10, the Shareholders hereby waive any other rights which may restrict the transfer of Shares contained in this Agreement and the Articles to the extent necessary to give effect to this clause 12.
Waiver of pre-emption rights. The Mortgagor hereby irrevocably and unconditionally waives any rights it may have under the constitutional documents of the Companies or otherwise to purchase the Shares or Related Assets or other Collateral in the event that they are or are proposed to be transferred, sold or otherwise disposed of pursuant to the provisions of this Deed.
Waiver of pre-emption rights. The Sellers shall procure that, on or before Completion, all rights of pre-emption that any person may have over any or all of the Shares are irrevocably waived, and each of the Sellers hereby irrevocably waives any and all rights of pre-emption such Seller may have over any or all of the Shares.
Waiver of pre-emption rights. Each of the Other Shareholders and the Beneficial Shareholders hereby waives its pre-emption rights under the ESI articles of association (including Articles 22 and 22A thereunder) and the amended and restated shareholders agreement dated 15 January 2009 entered into between the Principal Vendors, the Other Shareholders, the Beneficial Shareholders and ESI (the “Shareholders’ Agreement”) (including Clauses 7.2 and 7.3 of the Shareholders’ Agreement) or any other document or agreement in respect of the sale by each of the Principal Vendors and the Other Shareholders to the Purchaser of its respective portion of the ESI Preferred Shares and ESI Ordinary Shares, as the case may be, as contemplated by this Agreement or otherwise.
Waiver of pre-emption rights. 2.2.1 The Seller irrevocably waives any and all pre-emption rights and any other rights of first refusal or restrictions on transfer exercisable by it in relation to or in connection with any of the Shares under the articles of incorporation of the Company, the Shareholders’ Agreement or otherwise.
Waiver of pre-emption rights. Each of the Sellers hereby waives any pre-emption rights he may have relating to the Sale Shares whether conferred by Law, any of the Group’s constitutional documents or otherwise. Each of the Sellers agree to execute such other document as may be required by Law, any of the Group’s constitutional documents or otherwise.
Waiver of pre-emption rights. The Sellers hereby waive all pre-emption rights to which they may be entitled in respect of the transfer of the Shares by virtue of the Articles of Association of the Company or otherwise and hereby authorize and require the Board to register in the name of the Buyer or its designee, every transfer of shares in the Company to the Buyer or its designee pursuant to this Agreement.