Examples of EXOR Group Member in a sentence
The EXOR Group Member shall have 180 days following the date of the Drag-along Notice in which to consummate the Drag-along Sale (such 180 day period may be extended for a reasonable time not to exceed 270 days to the extent reasonably necessary to obtain any regulatory or government approvals).
The EXOR Group Member shall exercise its rights pursuant to this Section 10 by delivering a written notice (the “ Drag-along Notice”) to the Company and to each Drag-along Shareholder no later than 20 Business Days prior to the closing date of such Drag-along Sale.
Prior to the consummation of any such Transfer of Common Shares, the EXOR Group Member shall deliver to the Company and to each Class B Shareholder a written notice (a “ Sale Notice”) of the proposed sale no later than 20 Business Days prior to the closing date of the Tag-along Sale.
Each Class B Shareholder shall exercise its right to participate by delivering to the Company and the EXOR Group Member a written notice (the “ Tag-along Notice”) stating its election to participate in the Tag-along Sale and specifying the number of Class B Shares to be transferred by it no later than five Business Days after receipt of the Sale Notice (the “Tag-along Period”).
If a Covered Manager Person acquires knowledge of a potential transaction or matter which may constitute a corporate opportunity for both (x) the Covered Manager Person, in his or her EXOR Group Member-related capacity, or an EXOR Group Member (other than the Company) and (y) the Company, the Covered Manager Person shall not, to the fullest extent permitted by applicable law, have any duty to offer or communicate information regarding such corporate opportunity to the Company.
Notwithstanding any provision to the contrary in these Bye-Laws but subject to the provisions of this Bye-Law 6.1, no person (other than any EXOR Group Member) shall be permitted to (i) Own or Control Shares in excess of 9.9% of the outstanding Shares (determined by value) or (ii) be a Ten Percent Shareholder (determined without regard to Bye-Laws 6.3, 6.4 and 6.5).
Notwithstanding any provision to the contrary in these Bye-Laws but subject to the provisions of this Bye-Law 6.1, no person (other than any EXOR Group Member) shall be permitted to (i) Own or Control Shares in excess of 9.9% of the outstanding Shares (determined by value) or (ii) be a Ten Percent Shareholder (determined without regard to Bye-Laws 6.3, 6.4 and 6.5).
Each Shareholder shall take all actions as may be reasonably necessary to consummate the Drag-along Sale, including entering into agreements and delivering certificates and instruments, in each case consistent with the agreements being entered into and the certificates being delivered by the EXOR Group Member.
If at any time the EXOR Group Member proposes to Transfer between 10% – 49.9% of its Common Shares to a Third Party Purchaser, each Class B Shareholder, solely in respect of Owned Shares, shall be permitted to participate in such Transfer (a “ Tag-along Sale”) on the terms and conditions set forth in this Section 11.
If at the end of such period, the EXOR Group Member has not completed the Drag-along Sale, the EXOR Group Member may not then effect a transaction subject to this Section 10 without again fully complying with the provisions of this Section 10.