Major Shareholders definition
Examples of Major Shareholders in a sentence
Each Party will give prompt written notice to the other Parties and the Major Shareholders, and each of the Major Shareholders will give prompt written notice to the Parties, of any material development that would, if not corrected by the Closing Date, result in any of its own representations and warranties in Section 3 and Section 4 above being incorrect at the Closing Date.
The Parties and Major Shareholders have participated jointly in the negotiation and drafting of this Agreement.
Subject to the terms of Section 3, each Shareholder hereby unconditionally and irrevocably grants to the Major Shareholders a Secondary Refusal Right to purchase all or any portion of the Transfer Shares not purchased by the Company pursuant to the Right of First Refusal, as provided in this Section 2.1(c).
No announcement, circular or public communication (each an “Announcement”) concerning the existence or content of this Agreement shall be made by any Party without the prior written approval of the other Shareholder Parties that are Major Shareholders.
Provided, however, that the Major Shareholders shall be not liable for indemnity under this Section 9(a)(iii) unless the aggregate Damages exceed $50,000, in which event the Major Shareholders shall be liable for all Damages, subject to Section 9(a)(iv).