EMG Stock definition
Examples of EMG Stock in a sentence
Pursuant to Article 21 of the EMG Organizational Documents, Seller is currently represented on the Board by two directors, which number is reflective of Merhav’s current holdings of EMG Stock.
Seller shall not take any action to vote its shares of EMG Stock, or cause or permit any of the directors of EMG that it has designated to vote, to reduce the amount of Net Profits to be distributed below 85% of Net Profits.
Subject to the rules of the General Investment Authority as such may be from time to time, and to notification to the General Investment Authority, there are no restrictions in the EMG Organizational Documents to transfer of the New EMG Shares and all shares of EMG Stock are freely transferable, with no approvals or consents required from EMG, any Governmental Authority or any other Person.
The record holders of the shares of EMG Stock are as follows: Mediterranean Gas Pipeline Company 65,290 65% Egyptian General Petroleum Corporation 10,445 10% Merhav (m.n.f.) Limited 25,112 25% The EMG Organizational Documents provide shareholders of EMG with a priority right with respect to new issuances of EMG Stock.
Purchaser has agreed to purchase, and Seller has agreed to sell to Purchaser, an additional 5,926 shares (the “New EMG Shares”) of EMG Stock in accordance with the terms of this Agreement, resulting in the exercise of the August Option in full.
Seller (i) is not party to any, and has not granted to any other Person any, and there are no outstanding options, warrants, subscription rights, rights of first refusal or any other rights providing for the acquisition or disposition of the New EMG Shares or any other equity interest in the Company and (ii) is not a party to any voting agreement, voting trust, proxy or other agreement or understanding with respect to the voting of any of its shares of EMG Stock, other than the Nominee Agreement.
The number of shares to be sold by the Transferring Party to such Transferee shall be reduced by the number of shares of EMG Stock to be sold by each Offeree hereunder.
In this Section 4.2, the Minimum Percentage shall be 100 minus “X” (where “X” is the percentage that 49% of the Partnership Shares constitutes out of the total number of the shares of EMG Stock held by all of the Shareholders).
Maiman, where “control” means the holding of more than 50% of the shares or rights to appoint directors or other rights of such entity) shares of EMG Stock constituting 5% or less of the issued and outstanding share capital of EMG, the Shareholders agree to vote their respective shares of EMG Stock (including making shareholder proposals) as directed by a vote of the majority of shares of EMG Stock held by the Shareholders.
The record holders of the shares of EMG Stock are as follows: Mediterranean Gas Pipeline Company 39,000 65 % Egyptian General Petroleum Corporation 6,000 10 % Merhav (m.n.f.) Limited 15,000 25 % The EMG Organizational Documents provide shareholders of EMG with a priority right with respect to new issuances of EMG Stock.