Dogus Shareholders definition
Examples of Dogus Shareholders in a sentence
Subject to Section 3.03(B), (i) Dogus Shareholders are free to Sell the Dogus Shares between Dogus Shareholders; and (ii) BBVA Shareholders are free to Sell BBVA Shares between BBVA Shareholders.
The Dogus Shareholders and the BBVA Shareholder may change such address, except that each such address shall always be, as to the Dogus Shareholders, within the geographical area encompassed (as of the date of this Agreement) by the boundaries of Turkey and, as to the BBVA Shareholder, within the geographical area encompassed (at the same date) by the boundaries of Spain.
The BBVA Shareholder shall have the right (but not the obligation) to require the Dogus Shareholders to sell and transfer the Call Option Shares and the BBVA Shareholder shall purchase such Call Option Shares at the price equal to the volume weighted average market price over the last 30 trading days on the Istanbul Stock Exchange prior to the date of delivery of the Call Option Notice (the “Call Option Price”) and otherwise on and subject to the terms set forth in this Article IX (the “Call Option”).
If the Dogus Shareholders so require the BBVA Shareholder to procure such third person to purchase the Dogus Shares, no Sale of the Offered Shares may be completed by the BBVA Shareholder unless and until such third person purchases the Dogus Shares on terms on which the Offered Shares are being purchased.
For so long as Mr. ▇▇▇▇▇ ▇▇▇▇▇▇ shall own any Shares (such shares being the “▇▇▇▇▇ ▇▇▇▇▇▇ Shares”), he and such Shares shall be and shall remain in all respects subject to all of the terms and conditions of this Agreement as if he were a Dogus Shareholder hereto, including, inter alia, that any breach by Mr. ▇▇▇▇▇ ▇▇▇▇▇▇ of any terms of this Agreement shall be treated as a breach by the Dogus Shareholders of this Agreement.
So long as the Dogus Shareholders own at least 15% of the Shares, the boards of directors of the Material Subsidiaries shall be composed under the same principles and in the same proportion as the Board of Directors (therefore, each of the Parties will have the right to appoint half of the members of the board of directors of the Material Subsidiaries).
The Dogus Shareholders shall have 10 Business Days to accept the terms of sale of such Offer Notice by way of delivery of an Acceptance Notice as referred to in Section 3.04 (B), and no Negotiation Period as referred to in Section 3.04(B) shall apply.
This right is a personal right which may only be exercised by the Dogus Shareholders and can not be assigned to a third party regardless of assignment of any other rights under this Agreement or adherence by a third party to this Agreement.
The Dogus Shareholders and the BBVA Shareholder hereby designate their respective addresses for the giving of notice, as set forth in Section 11.04 as their respective domiciles at which service of process may be made in any arbitration, legal action or proceeding arising hereunder.
If at any time a No Action Event occurs and the Dogus Shareholders wish to Sell the Offered Shares to a third party, they shall send a notice to the BBVA Shareholders which notice shall include the price and the other terms of the intended Sale (the “BBVA Tag Along Trigger Notice”) before legally binding document to effect such Sale to third party is entered into.