Shareholder Demand definition

Shareholder Demand means any written demand by one or more shareholders of the Insured Entity upon the board of directors of any Insured Entity to bring a civil proceeding in a court of law against any Insured Person for a Wrongful Act provided such demand is brought without the assistance, participation or solicitation of any Executive.
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Shareholder Demand means a written demand made upon the board of directors or any management committee of an Insured Company by a security holder of the Insured Company to bring suit against an Insured Person for a Wrongful Act.
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Shareholder Demand means the litigation demand letter sent by the Shareholder on June 1, 2018 and the document request made by the Shareholder on April 3, 2019.
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Examples of Shareholder Demand in a sentence

  • The provisions of this Article 5 shall apply, mutatis mutandis, to any such Institutional Shareholder Demand Registration.

  • In no event will the Company be required to effect more than one such Institutional Shareholder Demand Registration.

  • The Shareholder Demand shall specify the number of shares of Registrable Shares to be registered and will also specify the intended methods of disposition thereof.

  • The Company shall not, without the prior written consent of Parent, make any payment with respect to, or settle or compromise or offer to settle or compromise, any such Shareholder Demand, or agree to any of the foregoing.

  • No employee will engage in activities on behalf of BEST during the workday which will unreasonably interfere with the proper performance of their duties.

  • Although Revenue Ruling 56-345 involves a post-reorganization redemption rather than a pre-reorganization redemption, it demonstrates that substantial Shareholder Demand Redemptions close to a reorganization need not be taken into account for the “substantially all” the properties test where such redemptions are not part of the plan of reorganization involving the target or acquiring RIC.

  • Star will give notice to the other Shareholder(s) of the Shareholder Demand, of its intention to effect such registration and otherwise comply with the provisions of this Section 4(b) with respect to such registration.

  • Although the 2006 Letter Rulings involved the inclusion of pre-reorganization redemption amounts in applying the 90/70 tests, the RICs seeking those private letter rulings apparently conceded in each ruling’s facts that the “affiliate” Shareholder Demand Redemption was made "in connection with" the Letter Ruling Reorganization.

  • In addition, the Company shall not be obligated to honor any Shareholder Demand under Section 1(a)(e) at any time starting with the date 30 days prior to the Company's good faith estimate of the date of filing of, and ending on the date 120 days following the effective date of, a registration statement in connection with a bona fide public offering.

  • Any such Shareholder Demand Registration shall be subject to piggyback rights as described under Section 12.8(d) below and the limitations described in Section 12.8(e).