Examples of Shareholder Group in a sentence
Each Significant Shareholder Group may assign its purchase rights under this Section 8.2 to one or more of its Affiliates; provided that the conditions set forth in Sections 5.2.3, 5.3.3 and 5.4.3 shall apply mutatis mutandis as if fully set forth herein.
Meetings of Shareholders may be called by the Board or any Shareholder Group holding, in the aggregate, a Proportionate Interest equal to 10% or more, upon not less than 10 Business Days’ notice or such longer period as may be required under the Act.
Subject to Sections 5.2, 5.3, 5.4, 5.5, 5.6, 5.7, 5.8 and Section 8.1.7, as applicable, if any Shareholder or Shareholder Group (each, a “Selling Shareholder”) wishes to sell some or all of the Shares held by it, it shall give notice thereof (“First Offer Notice”) to the Other Shareholders.
If the ROFO Liquidity Offer is made by more than one Significant Shareholder Group, such offer shall specify the proportion (or number) of the Ordinary Shares of the Initiating Shareholder that each such Significant Shareholder Group will purchase.
If a Significant Shareholder Group gives a Participation Notice to the Initiating Shareholder , then the Initiating Shareholder and each Participating Shareholder shall jointly instruct the Corporation on how to proceed with the Process and the consummation of the Liquidity Event, so long as each of the Initiating Shareholder and each Participating Shareholder acts in good faith in an effort to cause the Corporation to pursue a Process and effect a Liquidity Event in a timely manner.