Examples of Minority Holders in a sentence
If the Majority Minority Holders disagree with the Fair Market Value determined pursuant to clause (i), (ii) or (iii) of the definition of “Fair Market Value,” then the Majority Minority Holders shall have twenty calendar days following the date of the Board of Managers’ valuation to make a written request to the Independent Managers requiring the Independent Managers to engage, on behalf of the Company, an investment bank of national reputation to determine such Fair Market Value.
In the event that the Minority Holders collectively hold less than twenty-five percent (25%) of the Common Membership Interests at the time of such request, then the Majority Minority Holders shall include in such request their determination of the Fair Market Value.
The execution, delivery and performance of this Agreement by Minority Holders requires no action by or in respect of, or filing with the Bankruptcy Court.
Following each relevant Seller’s acquisition of Shares and Warrants from the Minority Holders commencing before or after the date hereof, the Sellers shall procure that Nordic Capital, on behalf of the Sellers, prepares Exhibit B, so that it reflects the allocation of the Purchase Price at least two (2) but no more than five (5) Business Days prior to the Closing Date setting forth the number of Shares and Warrants to be sold by the Sellers to the Purchaser on the Closing Date.
Both Ariba and SOFTBANK agree that during the Buyout Period they will treat the Minority Holders with courtesy and respect, and in accordance with commonly accepted business customs and etiquette.