Remaining Shareholders definition

Remaining Shareholders has the meaning set out in clause 10.3.1(b);

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Remaining Shareholders means all Shareholders other than the Transferor in the case of clause 10.

Remaining Shareholders means the Shareholders other than a Transferor or a Deceased Shareholder.

Examples of Remaining Shareholders in a sentence

• The proportionate share of the purchase price so determined of each Remaining Shareholder who accepts the offer together with interest at the Prime Rate, calculated monthly in arrear, shall be payable in cash in equal instalments over a period of 6 months (provided the Remaining Shareholders shall be entitled to anticipate (prepay) their respective purchase prices).

• Each of the Shareholders irrevocably and in rem suam appoints any of the Remaining Shareholders at the time as his attorney and agent to do all such things as may be necessary to comply with the provisions of this clause.

• Each of the Remaining Shareholders who accepts the offer shall use his best endeavours to procure such release, on the same pro rata basis referred to above, only in respect of any liability arising after the acceptance of the deemed offer.

• As soon as the Fair Value has been determined (whether by agreement or by Auditors, as applicable) and notified in writing to the Remaining Shareholders and the Offering Shareholder, the Offering Shareholder shall be deemed to have offered the Shares to the Remaining Shareholders (if more than one in proportions agreed among them, in writing or if not so agreed, proportionately to their shareholding) at the price agreed or determined.

• Each of the Remaining Shareholders who accepts the offer shall use his best endeavours to procure the release of the Offering Shareholder pro rata (in the same ratio as the Shares so purchased by him in terms of this clause 5.8 bear to all the Shares held by the Offering Shareholder) from any liability which the Offering Shareholder may have under any guarantees, suretyships and indemnities which may have been given by the Offering Shareholder for the Company's obligations.

More Definitions of Remaining Shareholders

Remaining Shareholders means those Shareholders who are not the Selling Shareholder.

Remaining Shareholders has the meaning set forth in Section 7.6.1;

Remaining Shareholders means the Shareholders other than the Key Executive Parties and the Key Investor Shareholders.

Remaining Shareholders means those Persons, other than the Purchasers, who shall hold Shares immediately after the Closing.

Remaining Shareholders. The Shareholders, other than the Offering Shareholder, at the time an offer to sell Shares is made in accordance with Paragraph 2 of this Agreement.

Remaining Shareholders means the holders of all the Company’s total issued and outstanding common shares, other than the Sellers and the current members of the Company's management who are shareholders of the Company on the date hereof;

Remaining Shareholders has the meaning set out in Clause 14.3.1(v) (Transfer to a third party);