Shareholder Interest definition

Shareholder Interest means a limited liability company interest (as such term is defined in the Act) of a Shareholder, including the right to receive Share Distributions and other distributions from the Company, together with all other rights, benefits and privileges enjoyed by the Shareholder (under the Act, the Organizational Certificate, this Agreement or otherwise) in its capacity as a Shareholder, including the right to vote, consent and approve, and all obligations, duties and liabilities imposed on the Shareholder (under the Act, the Organizational Certificate, this Agreement or otherwise) in its capacity as a Shareholder.

Shareholder Interest means, in respect of the Pledgor and at any time until the expiry of the Security Period, any and all of the Shares of the Account Holder held by the Pledgor together with, in relation to the Shares, all dividends, interest and other distributions thereon (fruits et produits) and all shares, other shareholder interest (instruments financiers), other securities (valeurs mobilières) (and the dividends, interest and other distributions (fruits et produits) thereon), rights, moneys or property, whether present or future, actual or contingent, from time to time credited to the relevant Pledged Account in accordance with the terms hereof and Article L. 431-4 of the French Monetary and Financial Code (Code monétaire et financier) (as modified by the ordonnance no. 2005-171 dated 24 February 2005), provided that the dividends paid in cash (dividendes en numéraire), interest and other distributions thereon (fruits et produits) relating to the Shares or other above mentioned shareholder interest (instruments financiers) shall only be credited to the Bank Account upon the occurrence of an Enforcement Event in accordance with Clause 8.1.

Shareholder Interest means a Shareholder’s Shares together with a proportionate share of its Claims, if any;

Examples of Shareholder Interest in a sentence

• If the Requisite Approvals (including approval of the Existing Shareholders) are not obtained and the implementation of the Recapitalization Transaction is pursued pursuant to the CCAA Proceedings, the Common Shareholder Interest will be allocated equally to the Secured Lenders and the Unsecured Debentureholders, as separate classes, and the Existing Shareholders will not receive any recovery.

• In the event that the Requisite Approvals are not obtained and the Court does not approve the Recapitalization Transaction, then the Recapitalization Transaction will be pursued pursuant to the CCAA Proceedings, provided that if the CCAA Proceedings are necessary, the Common Shareholder Interest shall be allocated equally to the Secured Lenders and the Unsecured Debentureholders, as separate classes, and the Existing Shareholders will not receive any recovery.

• If the Recapitalization Transaction is completed through CCAA Proceedings, the Existing Shareholders will not receive a recovery and the Common Shareholder Interest will instead be allocated equally as among the Secured Lenders and Unsecured Debentureholders.

• Any party in interest, including any Creditor, any Shareholder, and the Liquidating Trustee, may file an Objection to any Claim or Shareholder Interest.

• Pursuant to 11 U.S.C. § 1141, the provisions of the confirmed Plan shall bind the Debtor, the Debtor’s Creditors, and the Shareholders of the Debtor, whether or not the Claim or Shareholder Interest is impaired under the Plan and whether or not such Creditor or Shareholder has accepted the Plan.

More Definitions of Shareholder Interest

Shareholder Interest of any Investor means the shareholder interest of such Investor in Borrower under the Subscription Agreements; provided, however, for the purpose of this Credit Agreement, the parties hereto agree that an Investor’s Shareholder Interest shall include, without limitation, such Investor’s Capital Commitment and Shares (as defined in the Subscription Agreements).

Shareholder Interest means the ownership interest of Borrower in Xxxxxxxxx & Co. Europe Holdings, Limited.

Shareholder Interest means a Shareholder's entire interest in the Company consisting of such Shareholder's Economic Interest together with the right to vote on, consent to, or otherwise participate in any decision or action of or by the Shareholders granted pursuant to this Operating Agreement or the Nevada Act. A Shareholder is entitled to one vote for each Share held by such Shareholder on all matters that require or are submitted by the Board of Managers to a vote or other action by the Shareholders.

Shareholder Interest means, at any time and in respect of any Shareholder the aggregate nominal value of the Shares in issue at such time which are beneficially owned by such Shareholder;

Shareholder Interest means the equity interest of a Shareholder in the Debtor.

Shareholder Interest means a Shareholder’s entire interest in the Company consisting of such Shareholder’s Economic Interest together with the right to vote on, consent to, or otherwise participate in any decision or action of or by the Shareholders granted pursuant to this Operating Agreement or the Georgia Act. A Shareholder is entitled to one vote for each Share held by such Shareholder on all matters that require or are submitted by the Board of Managers to a vote or other action by the Shareholders.

Shareholder Interest means, in respect of the Pledgor and at any time until the expiry of the Security Period, (a) any and all of the Financial Instruments of the Company held by the Pledgor on the date hereof; (b) all shares, other shareholder interest (titres financiers) and other securities (valeurs mobilières) which may be substituted for or added to the Financial Instruments, following or in connection with share exchanges, regroupings, splits, free issues, subscriptions by way of cash or otherwise, in accordance with the terms hereof and article L. 211-20 of the French Monetary and Financial Code (Code monétaire et financier); and (c) all proceeds or income whether present or future, actual or contingent, from time to time (including, without limitation, dividends, interest and other distributions) (fruits et produits) attached or deriving from the Financial Instruments or other securities referred to in paragraphs (b) and (c) above, provided that the dividends paid in cash (dividendes en numéraire), interest and other distributions thereon (fruits et produits) relating to the Financial Instruments or other above mentioned shareholder interest (titres financiers) shall be credited to the Bank Account in accordance with Clause 3.4 (Income and Proceeds) of this Agreement.