Examples of Class B Shareholders in a sentence
Where the Class A Shareholder commences IPO preparation and give notice, the Class B Shareholders must execute all documents and take all actions necessary to facilitate the IPO, including agreeing to escrow restrictions on no less favourable terms than those agreed to by the Class A Shareholder.
The Board of Auditors of Newco shall be appointed through a voting slate system, according to the following provisions: (a) CNRC shall be entitled to appoint 2 effective auditors and 1 alternate auditor; (b) the Class B Shareholders shall be entitled to appoint 1 effective auditor, who shall be the Chairman of the Board of Statutory Auditors, and 1 alternate auditor.
The Parties acknowledge and agree that all Class B Shares that are subject to the Employee Share Purchase Program shall be subject to the Plan of Arrangement and the holders thereof shall be entitled to receive the Arrangement Consideration in respect of such Class B Shares at the same time and on the same conditions as the Class B Shareholders pursuant to the Arrangement.
Tag-along right Should CNRC intend to transfer, after the expiry of the Call Option Exercise Period (as defined below), all or part of its Participation to a third party other than an affiliate, CNRC shall grant to each and both the Class B Shareholders the right of co-sale under the terms and conditions better described in the Shareholders Agreement.
Tag-along right Should CNRC intend to transfer, after the expiry of the Call Option E xerc is e P eriod (as defined below), all or part of its Participation to a third party other than an affiliate, CNRC s xxxx xxxxx to eac h and both the Class B Shareholders the right of co-sale under the terms and c onditions better des c ribed in the Shareholders A greement.