Minority Shareholder definition
Examples of Minority Shareholder in a sentence
Within fifteen (15) business days after the date the Offer Notice is deemed given in accordance with clause 10, New Cotai shall give notice to the Company stating, with respect to each Entitled Minority Shareholder, whether such Entitled Minority Shareholder accepts all or any portion of the Equity Securities offered to it in the Offer Notice or it declines the Offer in full.
In the event and to the extent that there shall be any one or more Participating Minority Shareholders who shall execute this Agreement or a Participating Amendment, as a condition thereto, such Participating Minority Shareholder shall also execute and become a party to the Option Agreement.
If an Entitled Minority Shareholder fails to make a timely payment of the Cash Purchase Price in full in accordance with the terms specified in the Offer Notice, such Entitled Minority Shareholder shall be deemed to have declined all of the Equity Securities offered to it in the Offer.
If New Cotai does not give notice to the Company stating whether an Entitled Minority Shareholder accepts all or a portion of the Equity Securities offered to such Entitled Minority Shareholder in the Offer within the period stated in clause 6.3, any such Entitled Minority Shareholder shall be deemed to have declined all of the Equity Securities offered to it in the Offer.
The Purchasers of the Terminated Minority Shareholder's shares of stock shall not be required to make any payments of principal or interest to the Terminated Minority Shareholder prior to the expiration of two (2) calendar years from the date of termination.