Trust Certificateholders definition
Examples of Trust Certificateholders in a sentence
Upon the Trustees’ receipt of the shares so subscribed for, the subscribing Voting Trust Certificateholders shall be entitled to receive additional Voting Trust Certificates under this Voting Trust Agreement for the number of shares and class of stock so subscribed.
Promptly upon appointment, the Secretary and/or any Assistant Secretary shall give notice in writing to all Voting Trust Certificateholders of his or her name and address and shall give similar notice of any change.
Solely in the case of a rights offering to existing shareholders (consisting of the Corporation’s offer of a right to subscribe for shares of capital stock of the Corporation), the Trustees shall provide notice in accordance with Section 19 below of such offer to the Voting Trust Certificateholders.
The Trustees, upon timely receipt from any Voting Trust Certificateholders of such a request and of the money required to pay for the shares subscribed for, will make such subscription and payment.
The Corporation and the Trustees agree that they shall cause the Voting Trust to enter into a registration rights agreement, promptly hereafter and in any event prior to the consummation of any IPO, in customary and reasonable form granting registration rights to certain eligible Voting Trust Certificateholders hereunder (with respect to their underlying shares of Class A Common Stock) in connection with any IPO and such other follow-on registration statements as they shall agree.
To the fullest extent permitted by Missouri law, the Voting Trust Certificateholders hereby waive any and all fiduciary duties of the Trustees or the Trust Advisor that, absent such waiver, may be implied by law or in equity.
Upon execution and delivery hereof by the Corporation, the Trustees and the Existing Voting Trust Certificateholders beneficially owning at least eighty percent (80%) of the Voting Trust Certificates subject to the Prior Agreement (the “Required Supermajority”), this Voting Trust Agreement shall amend, restate, replace and supersede the Prior Agreement in its entirety, which Prior Agreement shall be of no further force and effect.
The Trustees may call a meeting of the Voting Trust Certificateholders for purposes of taking an action under this Voting Trust Agreement and shall promptly give written notice to all persons entitled to be present at such meeting, specifying the time and place of the meeting and the business proposed to be transacted.
The right to indemnification set forth in this Section 12 shall be in addition to any other rights, obligations or liabilities of the Corporation or Voting Trust Certificateholders hereunder or at common law or otherwise and shall survive the termination of this Voting Trust Agreement.
Each Voting Trust Certificateholders who determines to subscribe for additional shares of capital stock shall request the Trustees to subscribe for such additional shares on his or her behalf.