Sale of Shares During Shareholder's Life Sample Clauses

Sale of Shares During Shareholder's Life. In the event that any Shareholder desires to dispose of any of his shares of stock in the Corporation during his lifetime, he shall first offer to sell such shares to any remaining Shareholders and the Corporation by giving them written notice to that effect. Such notice shall specify the purchase price, terms of payment and the number of shares offered for sale and shall be given in the manner prescribed by Section 4.5 herein. Any remaining Shareholders shall have the option for thirty (30) days after receipt of such notice to purchase his proportionate share, as defined in Section 2.2 herein, of the shares of stock offered for sale, upon the terms and conditions specified in said notice. However, if any remaining Shareholder declines to purchase his full proportionate share of the shares of stock, the remaining shares may be purchased by the remaining Shareholders. At the end of their option period, the Shareholders shall notify the Corporation of the number of shares they have elected not to purchase, if any, and the Corporation shall have the option for an additional thirty (30) days after such notification to purchase all of the shares not purchased by the Shareholders. If all, and not less than all, of the offered shares are not purchased by the Corporation and/or the remaining Shareholders before the expiration of the second time period set forth above, for thirty (30) days after the expiration of said second time period, the offering Shareholder shall be under no obligation to sell any of the offered shares to the Corporation or the remaining Shareholders, but may dispose of such shares in any lawful manner, except that he shall not sell any such shares to any other person on terms and conditions more favorable than those offered to the remaining Shareholders and the Corporation without first giving the remaining Shareholders and the Corporation notice and the right to purchase the shares of stock for the option periods specified herein and at the purchase price and upon the terms offered by such other person. If all of the offered shares are not disposed of by the offering Shareholder before the expiration of the third time period specified above, said shares may not be sold unless and until they have been offered to the Shareholders and the Corporation for preferential acquisition pursuant to the provisions of this Section 3.1.
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Sale of Shares During Shareholder's Life. In the event that any Shareholder desires to dispose of any of his shares of stock in the Corporation during his lifetime, he shall first offer to sell such shares to any remaining Shareholders and the Corporation by giving them written notice to that effect. Such notice shall specify the purchase price, terms of payment and the number of shares offered for sale and shall be given in the manner prescribed by Section 4.5 herein. Any remaining Shareholders shall have the option for thirty (30) days after receipt of such notice to purchase his proportionate share, as defined in Section 2.2 herein, of the shares of stock offered for sale, upon the terms and conditions specified in said notice. However, if any remaining Shareholder declines to purchase his full proportionate share of the shares of stock, the remaining shares may be purchased by the remaining Shareholders. At the end of their option period, the Shareholders shall notify the Corporation of the number of shares they have elected not to purchase, if any, and the Corporation shall have the option for an additional thirty
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Related to Sale of Shares During Shareholder's Life

  • Sale of Shares The Issuer grants to Distributors the right to sell shares on behalf of the Issuer during the term of this Agreement and subject to the registration requirements of the Securities Act of 1933, as amended ("1933 Act"), and of the laws governing the sale of securities in the various states ("Blue Sky Laws") under the following terms and conditions: Distributors (i) shall have the right to sell, as agent on behalf of the Issuer, shares authorized for issue and registered under the 1933 Act, and (ii) may sell shares under offers of exchange, if available, between and among the funds advised by Fidelity Management & Research Company ("FMR") or any of its affiliates.

  • Restriction of Shareholders / Owners’ Liability 17.8.1 Parties expressly agree and acknowledge that none of the shareholders of the Parties hereto shall be liable to the other Parties for any of the contractual obligations of the concerned Party under this Agreement. Further, the financial liabilities of the shareholder/s of each Party to this Agreement, shall be restricted to the extent provided in the Indian Companies Act, 2013.

  • Warrantholder not a Shareholder Except as may be specifically provided herein, nothing in this Indenture or in the holding of a Warrant Certificate, entitlement to a Warrant or otherwise, shall, in itself, confer or be construed as conferring upon a Warrantholder any right or interest whatsoever as a Shareholder, including, but not limited to, the right to vote at, to receive notice of, or to attend, meetings of Shareholders or any other proceedings of the Corporation, or the right to Dividends and other allocations.

  • Shares The term “

  • Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry form.

  • Overseas Shareholders The release, publication or distribution of this Announcement in or into certain jurisdictions other than the United Kingdom or the United States may be restricted by law. Persons who are not resident in the United Kingdom or the United States or who are subject to other jurisdictions should inform themselves of, and observe, any applicable requirements. Unless otherwise determined by Bidco or required by the Takeover Code, and permitted by applicable law and regulation, the Acquisition shall not be made available, directly or indirectly, in, into or from a Restricted Jurisdiction where to do so would violate the laws in that jurisdiction and no person may vote in favour of the Acquisition by any such use, means, instrumentality or form within a Restricted Jurisdiction or any other jurisdiction if to do so would constitute a violation of the laws of that jurisdiction. Accordingly, copies of this Announcement and all documents relating to the Acquisition are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from a Restricted Jurisdiction where to do so would violate the laws in that jurisdiction, and persons receiving this Announcement and all documents relating to the Acquisition (including custodians, nominees and trustees) must not mail or otherwise distribute or send them in, into or from such jurisdictions where to do so would violate the laws in that jurisdiction. The availability of the Acquisition to Xxxx Xxxxx Shareholders who are not resident in the United Kingdom (and, in particular, their ability to vote their Xxxx Xxxxx Shares with respect to the Scheme at the Court Meeting, or to appoint another person as proxy to vote at the Court Meeting on their behalf) may be affected by the laws of the relevant jurisdictions in which they are resident. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable requirements, as any failure to comply with such requirements may constitute a violation of the securities laws of any such jurisdiction. To the fullest extent permitted by applicable law, the companies and persons involved in the Acquisition disclaim any responsibility or liability for the violation of such restrictions by any person. The Acquisition shall be subject to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange and the Financial Conduct Authority. Further details in relation to Overseas Shareholders will be contained in the Scheme Document. This Announcement does not constitute a prospectus or prospectus equivalent document.

  • Purchase and Sale of Shares 2.1.1. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, Seller shall sell, transfer and deliver to Buyer, free and clear of all Liens (other than Liens under the Securities Act and any other applicable state or foreign securities Laws), and Buyer shall purchase from Seller, all right, title and interest in and to the Shares.

  • Shareholder Rights With respect to the foreign securities held pursuant to this Section 4, the Custodian will use reasonable commercial efforts to facilitate the exercise of voting and other shareholder rights, subject always to the laws, regulations and practical constraints that may exist in the country where such securities are issued. The Fund acknowledges that local conditions, including lack of regulation, onerous procedural obligations, lack of notice and other factors may have the effect of severely limiting the ability of the Fund to exercise shareholder rights.

  • Common Stock 1 Company........................................................................1

  • INTERESTS OF DIRECTORS AND CONTROLLING SHAREHOLDERS Save for their respective shareholdings in the Company and as disclosed, none of the Directors or controlling shareholders of the Company or their respective associates has any direct or indirect interest in the Shareholder’s Loan.

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