Examples of Pre-IPO Shareholders in a sentence
Certain shareholders of the Trust and the Trust have entered into the Pre-IPO Shareholders Agreement and the Shareholders Agreement, each of which, to the extent then effect, provides certain rights to such shareholders party thereto and governs the relationships between and among the parties thereto.
So long as the CM Shareholder (as such term is defined in the Pre-IPO Shareholders Agreement) holds Preferred Shares, the foregoing clause (ii) shall not be amended without the written consent of the CM Shareholder.
So long as the CM Shareholder (as such term is defined in the Pre-IPO Shareholders Agreement) holds Series C Preferred Shares or Common Shares issued upon conversion thereof, the foregoing clause (ii) shall not be amended without the written consent of the CM Shareholder.
Subject to the terms and conditions of this Section 6.5(d)(i), each holder of outstanding Series C Preferred Shares shall be entitled to receive either (but not both) (x) dividends pursuant to Section 6.5(d)(i)(A) (“Series C Participation Dividends”); or (y) if determined prior to the Series C Conversion Date pursuant to Section 4.9 of the Pre-IPO Shareholders Agreement, dividends pursuant to Section 6.5(d)(i)(B) (“Series C Fixed Dividends” and, either (x) or (y), as applicable, the “Applicable Dividend”).
Subject to applicable law and if, as determined by the Board in good faith, any of such Dividend Amount is required to be used for a designated business purpose or will be required to fund operations in the ordinary course of business over the 12 month period immediately after the completion of the IPO (the "Withheld Amount"), the Company shall, to the extent permitted by applicable law, pay to the Pre-IPO Shareholders the portion of such Dividend Amount less the Withheld Amount on a pro rata basis.
The 200,000,000 Shares are charged by Tycoon Empire in favour of CR Retail as security for the performance by Tycoon Empire and Mr. Wong Ka Chun Michael of their obligations under the shareholders agreement dated 19 February 2019 entered into among Tycoon Empire, Mr. Wong Ka Chun Michael, CR Retail and the Company (“ Pre-IPO Shareholders Agreement”).
Subject to Article 11.2, immediately prior to any IPO, the Board may, to the extent permitted by applicable law, resolve to pay special dividends on a pro rata basis to all the Members at such time (the "Pre-IPO Shareholders") of an amount in the aggregate up to 75% of the amount of the Net Cash of the Company immediately prior to such IPO (the "Dividend Amount").
Pre-IPO Shareholders may elect to take 100% of their total STI opportunity as a Cash Bonus.
The rights and liabilities attaching to the Shares are summarised in Section 14.2. Pre-IPO Shareholders (i.e. existing SEL Shareholders) may participate in the Initial Public Offer.
There shall be no limitation on the number of Demand Registrations pursuant to Section 2.01(a); provided, however, that the Pre-IPO Shareholders jointly considered shall not require the Company to effect more than three Demand Registrations in a 12-month period.