Shareholder Instruments definition
Examples of Shareholder Instruments in a sentence
On, but not before, such surrender or provision, the relevant Shareholder shall be entitled to the consideration held by the Company in respect of the Shareholder Instruments Transferred on its behalf, without interest.
Except as expressly provided in this Agreement, no rights or obligations under this Agreement or in relation to: (i) any Shareholder's Shareholder Instruments; and/or (ii) such Shareholder's corresponding rights and/or obligations associated with such Shareholder Instruments, may be assigned, transferred or otherwise disposed of (including held or declared into trust) by a Shareholder without first seeking and obtaining the prior written consent of the other Shareholders.
Any Non-Affected Shareholder may give notice in writing to the Company within 30 Business Days of the date on which notice is given in accordance with Clause 15.2 (or of the date on which the Non-Affected Shareholder becomes aware of the Trigger Event if the Affected Shareholder fails to give notice in accordance with Clause 15.6) of its intention to exercise its option to purchase certain of the Shareholder Instruments held by the Affected Shareholder (an Option to Purchase Notice).
In the event of any disagreement on the value of the property of the Company, the matter shall be referred to an Independent Valuator for determination of the Fair Price (assuming a sale of all Shareholder Instruments in issue).
The sale of the Shareholder Instruments by each Tagging Investor shall be completed at the same time as the sale of all relevant Tag Along Shareholder Instruments.
A Transferring Investor shall be prohibited from selling the Transfer Shareholder Instruments to the third party unless the third party agrees to purchase the Tag Along Shareholder Instruments in compliance with the provisions hereof.
Notwithstanding any other provisions of this Schedule 4, the Affected Shareholder shall not be obliged to Transfer any Shareholder Instruments pursuant to this Schedule 4 unless all of its Shareholder Instruments are acquired pursuant to this Schedule 4 at the same time.
A Transferring Investor shall send a written notice to each other Investor (the “Tag Along Notice”) if it wishes to accept an offer for all or some of its Shareholder Instruments in respect of which this paragraph 21 applies (the “Transfer Shareholder Instruments”) (a “Tag Along Offer”).
If a Shareholder fails to complete any Transfer of Shareholder Instruments required by the Shareholders Agreement or these Articles, the Company shall give notice of such failure to comply to the relevant Shareholder and such Shareholder shall have 15 Business Days in which to cure its failure to comply with the Shareholders Agreement and these Articles.
If ▇▇▇▇▇▇ loses the right to nominate the CEO by virtue of its holding less than twenty percent (20%) of the Shareholder Instruments, the CEO shall be nominated and appointed by the Board of Managers.