Main Shareholder definition
Examples of Main Shareholder in a sentence
For valuable consideration, the receipt of which is hereby recognized, the Company and the Main Shareholder agree that the Buyer will have the right to complete due diligence and complete the Acquisition in accordance with the terms described herein, and the Company and the Principal Shareholder agree to cooperate fully and in good faith to complete the transaction as soon as possible after the Buyer has confirmed the due diligence investigation in a satisfactory manner.
However, such amendments or modifications of this Agreement will be valid only after approved in writing by the Main Shareholder Majority and provided that such amendments are duly notified to all the Parties.
Therefore, the Minority Shareholders commit to vote in favour of any decisions in the shareholders’ meetings relating to amending the articles of association, directed Share issuances, other corporate resolutions on financing and any other matters required to complete the fund raising, provided that the Main Shareholder Majority votes for it.
Any dispute arising from the present Agreement will be exclusively submitted to final and binding arbitration that will be conducted in the English language and will take place in Athens, Greece according to the ICC (International Chamber of Commerce) rules, by three arbitrators, one of whom will be selected by the Investor, the second by the Main Shareholder and the third will be selected by the previous two arbitrators.
In addition to its abovementioned obligation and according to the terms and conditions stated in Article 2.4 hereinabove the Main Shareholder shall provide to the Investment Vehicle as a security during the period until the decision of the General Meeting of Shareholders to be held for the capital increase, provided in article 2.1, 2.2. ,2.3 , the shares of EMPEDOS that he owns, holds and possesses as described in the Preamble hereinabove (“Share Security”).