Examples of Appointing Shareholder in a sentence
The Company and Indemnitee agree that the Appointing Shareholder is an express third party beneficiary of the terms of this Section 1(d).
Further, the invalidity or unenforceability of any provision hereof as to either Indemnitee or Appointing Shareholder shall in no way affect the validity or enforceability of any provision hereof as to the other.
The Letter of Appointment shall be accompanied by evidence reasonably satisfactory to the Company of the number of ordinary shares beneficially owned by the Appointing Shareholder and by a written undertaking, in a form acceptable to the Company, to comply with the obligations set forth in sub-article 39(d) below.
Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee and Appointing Shareholder indemnification rights to the fullest extent permitted by applicable laws.
The delivery to the Company of a Letter of Appointment shall constitute a representation and warranty by the Appointing Shareholder that its percentage of beneficial ownership of the ordinary shares is as set forth in its Schedule 13D (or amendment thereto) on file with the SEC.
In addition, any Appointing Shareholder shall be obligated to notify the Company in writing of any sale, transfer, assignment or other disposition of any kind of ordinary shares by such Appointing Shareholder that results in the reduction of its beneficial ownership to below the percentage indicated in sub-article 39(a) above, immediately after the occurrence of such disposition of shares but in any event not later than the earliest of (i) ten (10) days thereafter, or (ii) the next Annual General Meeting.
The Appointing Shareholder who appointed the relevant Investor Director shall be responsible for all fees, expenses and liabilities arising out of the termination of appointment of such Investor Director and any alternate Director for such Investor Director and no such fees, expenses or liability shall be payable by the Company or any shareholder other than the Appointing Shareholder.
Once calculated, each member (the “ Appointing Shareholder”) shall be entitled to appoint one Director per Minimum Shareholding, provided that no Appointing Shareholder shall be entitled to appoint more than half of the Directors plus one from time to time.
If an Appointing Shareholder Disposes of all of its shares (other than to a Permitted Transferee) in accordance with these Articles, the right of that Appointing Shareholder to appoint Investor Directors will lapse entirely.
There is some spotting, particularly towards the beginning and end of the volume.