Shareholders Block definition

Shareholders Block means the set of two (2) or more shareholders: (i) that are parties to a voting agreement, regardless of the rights granted and the actual exercise of political rights relating to the shares; (ii) if one is, directly or indirectly, the controlling shareholder or parent company of the other, or of the others; (iii) that are companies directly or indirectly controlled by the same person, or group of people, shareholders or not; or (iv) that are companies, associations, foundations, cooperatives and trusts, investment funds or portfolios, universal rights or any other forms of organization or enterprise with the same administrators or managers, or whose administrators or managers are companies directly or indirectly controlled by the same person, or group of people, shareholders or not. In the case of investment funds with a common administrator, only those whose investment and voting policy at General Meetings, under the terms of the respective regulations, is the responsibility of the administrator, on a discretionary basis, will be considered as a Shareholders Block.
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Examples of Shareholders Block in a sentence

  • The choice of the Block Representative and the Alternate of the Representative shall be recorded in a written document containing at least the signature of the Shareholders' Block Parties representing at least the majority of the Shares in such Block.

  • Exceptionally, the preemptive right and the joint sale right may be exercised disproportionately between the Parties of a particular Shareholders' Block (subject to the proportion applicable to the respective Shareholders' Block), in the event of unanimous approval by the Parties of the respective ▇▇▇▇▇▇▇▇▇▇▇▇' ▇▇▇▇▇.

  • If any third party acquires the Shares held by one of the Parties, such third party, subject to the provisions of Paragraphs 2 and 3 of Clause 3 hereinabove, shall integrate, for all the purposes of this Agreement, the Shareholders' Block to which the Party transferring the Shares belonged.

  • Exceptionally, quotas or shares of Corporate Shareholders may be disproportionately disproportionate to the Parties to a Shareholders' Block (subject to the applicable proportion to the respective Shareholders' Block), if approved by the unanimity of the Parties to the respective Shareholders' Block.

  • The Parties agree that the sale of their Shares shall be made jointly, and in the same proportion (considering the number of Shares held by each Party), with the other Parties that are members of its Shareholders' Block.

  • If a Party of a Shareholders’ Block acquires Shares of a Party which is a part of another Shareholders’ Block, the Acquired Shares shall be linked to its Shareholders Block only or, if it participates in more than one Shareholders’ Block, the acquired Shares shall be bound in proportion to each of the Shareholders’ Blocks to which such Party belongs.

  • It is incumbent upon the Block Representative: (a) to represent the Shareholders' Block in relations with the other Blocks; (b) represent the Shareholders' Block in the Preliminary Meetings, with the power to even vote and deliberate on any and all matters discussed in the Preliminary Meetings; and (c) represent the Shareholders' Block, as well as each of the members of such Block, in the exercise of all rights and fulfillment of all obligations under this Agreement.

  • The suspension of voting rights of one of the Parties shall not result in the suspension of voting rights of other Parties in their Founding Shareholders Block.

  • The sale of the Shares may be exceptionally disproportionate between the Parties to a Shareholders' Block (subject to the proportion applicable to the respective Shareholders' Block), if unanimously approved by the Parties of the respective Shareholders' Block.

  • With effect from the withdrawal, this Agreement shall be deemed automatically terminated solely with respect to the Parties to the Shareholders' Block which has sent such notice.

Related to Shareholders Block

  • Company Shareholders means holders of Company Shares.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.

  • Rollover Shareholders means each Person who is a party to the Rollover Agreement (other than Parent and Holdco) and each Person who enters into an Additional Rollover Agreement with Parent and Holdco pursuant to Section 3.01(f).

  • Target Shareholders means the holders of Target Shares;