Examples of Managing Shareholders in a sentence
The Managing Shareholders shall only designate a former Managing Director for a new term if the circumstances initially warranting the removal, non-reappointment or resignation have changed, and the Supervisory Board in its sole discretion may choose not to designate such Managing Director for binding nomination to the Management Board.
The Fund contemplates that it will exercise these rights, without limitation, in respect of Investors who make Capital Contributions of $1,050,000 (7 Investor Shares) or more by waiving payment of all or a portion of the selling commission and Placement Agent Fee and by modifying the Managing Shareholder's compensation as described below.
For purposes of determining the qualification of a person to serve the Trust as an Independent Trustee, an indirect relationship shall include circumstances in which any spouse, parent, child, sibling, mother- or father-in-law, son- or daughter-in-law, or brother- or sister-in-law of a prospective Independent Trustee is or has been associated with the Trust, the Managing Shareholder (or any successor Advisor of the Trust) or any of the Managing Shareholder's (or successor Advisor's) Affiliates.
The Managing Shareholders hereby undertake, during the Restricted Period, to refrain from causing employees employed by the Company to terminate their employment relationship with the Company and from causing third parties who have provided services or works for the Company, or in its name, to terminate their business relationship with the Company, in each case other than terminations by the Managing Shareholders in their capacity as Managing Directors in the ordinary course of business.
The Company shall procure that the audit committee of the Supervisory Board shall not exceed three (3) Supervisory Directors, at least two of whom shall be Independent Supervisory Directors nominated by the Managing Shareholders.
For so long as the Managing Shareholders hold, collectively, a Percentage Interest of at least fifteen percent (15%), any Managing Shareholder whose Percentage Interest is not less than fifty percent (50%) of such Managing Shareholder’s Percentage Interest immediately following the Settlement shall have a right to be designated by the Managing Shareholders for binding nomination by the Supervisory Board to the Management Board (unless removed or not reappointed).
It shall not be necessary or effective for any of the Managing Shareholders, Independent Trustees or any other member of the Board to be made a party to any action, suit or proceeding to enforce any obligation, liability or right of the Trust.
In the event there is no remaining Managing Shareholder and a Majority of the Shareholders elect to continue the Trust, it shall be continued with the new Managing Shareholder or Managing Shareholders who shall succeed to and assume all of the powers, privileges and obligations of the previous Managing Shareholder or Managing Shareholders hereunder.
Each Shareholder agrees that, it shall not vote, and shall cause their respectively nominated Supervisory Directors to not vote, in favor of a shareholder or Supervisory Board resolution relating to any of the matters described in this Section 7.1 unless one (1) of the Managing Shareholders consents to the adoption of the resolution, except that such consent shall not be required if the proposed action does not adversely affect the Managing Shareholders in any respect.
The Company shall, and the Managing Shareholders in their capacity as Managing Directors of the Company shall cause the Company to submit Annual Financial Statements and the Quarterly Financial Statements for the Company to the Non-Managing Shareholder by the date that is at least ten (10) Business Days prior to the date on which Expedia, Inc.