Termination of the Shareholders Agreement Clause Examples
The 'Termination of the Shareholders Agreement' clause defines the conditions and procedures under which the shareholders agreement can be brought to an end. Typically, this clause outlines specific events that trigger termination, such as mutual consent of all shareholders, the dissolution of the company, or the occurrence of a particular event like an acquisition. By clearly stating when and how the agreement ceases to be effective, this clause ensures all parties understand their rights and obligations upon termination, thereby preventing disputes and providing a clear exit mechanism.
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Termination of the Shareholders Agreement. The Shareholders Agreement shall terminate in accordance with its terms upon a sale by Continental of all of the Continental Shares.
Termination of the Shareholders Agreement. 2.1 With effect from the date hereof, the obligations of each of the Shareholders under, in relation to or in respect of the Shareholders Agreement shall terminate and shall be of no force and effect and no party thereto shall have any further rights or claims against, or obligations to, the other in respect thereof and their respective liabilities and obligations shall be irrevocably and unconditionally released.
2.2 The Company hereby confirms and agrees with the termination of the Shareholders Agreement with effect from the date hereof.
Termination of the Shareholders Agreement. Effective as of the date hereof, the Shareholders Agreement is hereby terminated in its entirety and shall be of no further force or effect; except for actions to be taken in connection with the registration and offering of shares pursuant to the ERI letter to the Company dated as of September 11, 2003.
Termination of the Shareholders Agreement. The Parties agree that, subject to Closing and with immediate effect upon Closing, the Shareholders’ Agreement as am ended by the ITO SHA shall terminate and shall cease to have any force or effect; for the avoidance of doubt, the Settlement Deed and the Deed of Indemnity and this Deed shall remain valid and continue having its effect.
Termination of the Shareholders Agreement. Purchaser shall have received evidence satisfactory to it, acting reasonably, that the Shareholders Agreement of Corporation and the Shareholders Agreement of Holdco have been terminated without any further liability to Corporation or Holdco thereunder.
Termination of the Shareholders Agreement. Termination causes (to be discussed as the case may be); Termination if either the MP Shareholders' globally or HA's shareholding in New MP falls below 33%. Cross default clause with Merger Agreement and other Implementation Agreements to be discussed. **** ANNEX G VALUATION CRITERIA COUNTRY CONTRIBUTION VALUATION METHOD SPECIFIC CRITERIA -------------------------------------------------------------------------------------------------------------------- MP -------------------------------------------------------------------------------------------------------------------- SPAIN 100% shares Standard -------------------------------------------------------------------------------------------------------------------- MEXICO 56% shares Standard 20% issued to BBV/BS -------------------------------------------------------------------------------------------------------------------- PORTUGAL 80% shares Standard -------------------------------------------------------------------------------------------------------------------- COLOMBIA 80% shares Project Cost 20% issued to BBV/BS -------------------------------------------------------------------------------------------------------------------- ARGENTINA 80% shares Project Cost 20% issued to BBV/BS -------------------------------------------------------------------------------------------------------------------- HA -------------------------------------------------------------------------------------------------------------------- FRANCE 100% shares Holding Co. Standard Y&R Adjustment -------------------------------------------------------------------------------------------------------------------- Migration list Adjusted Standard On-going business bench xxxx: HA Holding Co. -------------------------------------------------------------------------------------------------------------------- UK 100% New UK Co. Standard Y&R Adjustment -------------------------------------------------------------------------------------------------------------------- US 100% Shares SFM Standard -------------------------------------------------------------------------------------------------------------------- Migration list Adjusted Standard On-going business bench xxxx: Panel of US Media Business (clause 1.3.1) -------------------------------------------------------------------------------------------------------------------- ARGENTINA Client list Adjusted standard According to agreed formula ------------------------------------------...
Termination of the Shareholders Agreement. 4.1 Each Party hereby agrees to terminate the Shareholders Agreement pursuant to clause 7.18 of the Shareholders Agreement with effect from Closing.
Termination of the Shareholders Agreement. Each of the Major --------------------------------------------- Shareholders hereby agrees that the Shareholders' Agreement dated June 8, 1993, the Amended and Restated Shareholders' Agreements dated June 1, 1994 and May 7, 1996 and all other related amendments thereto have been terminated and this Agreement supersedes such agreements.
Termination of the Shareholders Agreement. The Shareholders’ Agreement hereby terminates without further notice on Closing as of the Closing Date.
Termination of the Shareholders Agreement. 13.1. In the event of a termination of the Shareholders’ Agreement pursuant to a Termination Event caused by PTVLA, PEGI will have the right to acquire PTVLA’s Shares for a period of 60 (sixty) days counted from the Termination Event, and adhere irrevocably to the Shareholders’ Agreement on the same ongoing terms and conditions.
13.2. In the event PEGI does not exercise its option pursuant to Section 13.1 above, PEGI undertakes not to, and shall cause its Affiliate Companies not to compete, directly and/or indirectly, with the activities of the Venture, specifically related to the exploitation, development, operation, distribution, production and commerce of Adult Content in Television and Other Media, except for Playboy Brazil Magazine Assets. This non-competition covenant is valid within Brazil, and shall be fully enforceable, and in full force and effect as of the date of the Termination Event and for a period of 2 (two) years counted from the date PTVLA ceases to own any Shares in the Venture.