Promoter Shareholder definition
Examples of Promoter Shareholder in a sentence
The Promoter agrees that he will, till such time as the Promoter Shareholder Group holds at least 5% (five percent) of the Investment Securities in the Company on a Fully Diluted Basis or is the MD or an employee of the Company (whichever is later), ensure that all opportunities for new projects and businesses relating to any business providing commercial or residential real estate-related services shall be referred exclusively to the Company.
In the event any member of a Promoter Group elects to license the distribution and exploitation rights in and to any Promoter Content in any territory in which Company delivers its channels, such Promoter Shareholder agrees to, and agrees to cause, its applicable Promoter Group member to, negotiate in good faith with the Company for a period of thirty (30) days for such rights.
Notwithstanding the foregoing, it is agreed that upon the Promoter Shareholder Group ceasing to hold at least 5% (five percent) of the Share Capital (on a Fully Diluted Basis), the Promoter Shareholder Group shall not have the right to nominate any Director on the Board.