Insider Shareholders definition

Insider Shareholders and "Investor" shall include any transferee of such a person, as appropriate, who is bound by and entitled to the benefits of this Agreement under the preceding sentence.

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Insider Shareholders has the meaning assigned in Section 3.01(j).

Insider Shareholders means the Sponsor (as defined in Section 1.5.1 hereof) and the Company’s officers and directors and “Non-Sponsor Investors” means holders of Founder Shares prior to the Offering (or their permitted transferees) which are not Insider Shareholders.

Examples of Insider Shareholders in a sentence

• The Insider Shareholders shall have no right to any liquidation distributions with respect to any portion of the Insider Shares in the event the Company fails to consummate a Business Combination.

• The Insider Shareholders shall not have redemption rights with respect to the Insider Shares.

• The Insider Letters are enforceable against each of the Insider Shareholders and will not, with or without the giving of notice or the lapse of time or both, result in a breach of, or conflict with, any of the terms and provisions of, or constitute a default under, an agreement or instrument to which any of the Insider Shareholders is a party.

• During the Lock-up Period, such parties shall be prohibited from selling or otherwise transferring such Insider Shares, except such Insider Shareholders shall retain the right to vote such that the Insider shareholders shall be permitted to make Permitted Transfers.

• To the Company’s knowledge, the Escrow Agreement is enforceable against each of the Insider Shareholders and will not, with or without the giving of notice or the lapse of time or both, result in a breach of, or conflict with, any of the terms and provisions of, or constitute a default under, an agreement or instrument to which any of the Insider Shareholders is a party.

More Definitions of Insider Shareholders

Insider Shareholders means Stua▇▇, ▇▇▇▇▇ ▇▇▇ Rose▇▇▇▇▇.

Insider Shareholders means Stuart and Lewi▇.

Insider Shareholders means the Insider Shareholders referred to in Section 7.12 hereof. "Installment Payment Date" shall mean any date on which all or any portion of the principal amount of the Term Loan is due and payable. "Interest Period" shall mean any period during which a Loan bears interest at a fixed rate as elected by the Borrowers in accordance with the terms of this Agreement.

Insider Shareholders shall have the meaning set forth in the Recitals hereof. "Insurance Amount" shall have the meaning set forth in Section 5.11 hereof. "Intellectual Property" shall have the meaning set forth in Section 3.19 hereof. "Inventory" shall have the meaning set forth in Section 3.5 hereof. "June 30 Balance Sheet" shall have the meaning set forth in Section 3.5 hereof. "Licenses" shall have the meaning set forth in Section 3.22 hereof. "Long Form Merger" shall have the meaning set forth in Section 1.1 hereof. "Material Adverse Effect" shall have the meaning set forth in Section 3.1 hereof. "Material Contracts" shall have the meaning set forth in Section 3.24 hereof. "Merger" shall have the meaning set forth in the Recitals hereof. "Merger Consideration" shall have the meaning set forth in Section 2.7 hereof.

Insider Shareholders means the following directors and senior officers of Adastra: John Bentley, T. David Button, Etienne Denis, Paul MacNeill, Bernard Pryor, Timothy Read, Bernard Vavala and Patrick Walsh.

Insider Shareholders means, collectively, each of the shareholders identified in Exhibit 3 attached hereto.

Insider Shareholders means Stuart and Stazo.