Called Shareholders definition

Called Shareholders has the meaning given in Clause 3.3.1.

Called Shareholders has the meaning set forth in Section 5.5(a).

Called Shareholders has the meaning given to it in the Company Articles of Association.

Examples of Called Shareholders in a sentence

• The Company shall hold the Drag Consideration in trust for each of the Called Shareholders without any obligation to pay interest.

• A Drag Along Notice shall specify that the Called Shareholders are required to transfer all their Shares (the “Called Shares”) under this Article, the person to whom they are to be transferred, the consideration for which the Called Shares are to be transferred (calculated in accordance with this Article) and the proposed date of transfer.

• The Selling Shareholders may exercise the Drag Along Option by giving a written notice to that effect (a “ Drag Along Notice”) to the Company which the Company shall forthwith copy to the Called Shareholders at any time before the transfer of the Sellers’ Shares to the Proposed Purchaser.

• The Company shall hold the amounts due to the Called Shareholders pursuant to Article 18.4 in trust for the Called Shareholders without any obligation to pay interest.

• Within five Business Days of the Selling Shareholders serving a Drag Along Notice on the Called Shareholders, the Called Shareholders shall deliver stock transfer forms for their Shares in favour of the Proposed Purchaser or as the Proposed Purchaser shall direct, together with the relevant share certificate(s) (or a suitable indemnity in lieu thereof) to the Company.

More Definitions of Called Shareholders

Called Shareholders means those shareholders to whom a Drag Along Notice is sent pursuant to the terms of this Agreement;

Called Shareholders has the meaning given to it in clause 24.1; "Called Shares" has the meaning given to it in clause 24.2(a)(i);

Called Shareholders has the meaning given to it in the Existing Company Articles.

Called Shareholders has the meaning given in Article 51.1;

Called Shareholders has the meaning given in the Company Shareholders’ Agreement.

Called Shareholders means the persons whose names and addresses are set out in column (1) of Part B of Schedule 1;

Called Shareholders shall have the meaning ascribed to it in Clause 17.1 of this Agreement;