Proxy Shareholders definition
Examples of Proxy Shareholders in a sentence
In addition, the Proxy Shareholders have agreed, among other things, not to transfer or dispose any of their Gener8 common shares during the term of the Proxies unless the transferee agrees to be bound thereby.
In addition, at the request (and expense) of Euronav, the Proxy Shareholders have agreed to grant to a representative of an affiliate of such Proxy Shareholders whereby, subject to the terms and conditions in the Proxies, such representative has the authority to direct the vote of Gener8 common shares owned by the Proxy Shareholders, representing in the aggregate approximately 6% of the issued and outstanding shares of Gener8, at the Special Meeting.
Concurrently with the execution of this Agreement, and as a condition and inducement to Parent's willingness to enter into this Agreement, each of the Persons identified in Exhibit B (the "Proxy Shareholders") is entering into a Voting Agreement and Irrevocable Proxy in favor of Parent (the "Voting Agreements and Irrevocable Proxies").
Each of the Proxy Shareholders hereby agrees not to Transfer (as defined below) any shares of the Company Stock that he or she holds until after the consummation of the Equity Closing (as defined in the Purchase Agreement).
Notwithstanding anything in ---------------------------- this Agreement to the contrary, Proxy Shareholders beneficially owning Proxy Shares shall have the same rights as Shareholders holding voting trust certificates with respect to consenting to or voting upon matters as provided in this Agreement.