Current Shareholders definition
Examples of Current Shareholders in a sentence
Except as listed on Schedule 6.8 of the Schedule of Exceptions, to the Knowledge of the Company, no Current Shareholder has any interest (direct or indirect) in any business which competes or is likely to compete with any business presently carried on by the Company and none of Current Shareholders intends to acquire any such interest.
Except as listed on Schedule 6.8 of the Schedule of Exceptions, no indebtedness (actual or contingent) and no contract or arrangement is outstanding between the Company on the one hand and any of the Current Shareholders on the other hand.
The foregoing, however, does not limit or modify the representations or warranties of the Company and the Current Shareholders in Sections 5 and 6 of this Agreement or the right of the Buyer to rely thereon.
This Agreement may be terminated by the Company or by the Current Shareholders, by written notice to the Buyer, if the Closing has not been consummated on or before November 15, 2025 provided, however, that no such termination will affect the right of any party to sue for any breach by any other party (or parties).
The Buyer understands that such discussions, as well as any other written information delivered by the Company and the Current Shareholders to the Buyer, were intended to describe the aspects of the Company’s business which the Buyer believes to be material.