Amendment to the Shareholders Agreement. Effective upon the effectiveness of the Company’s Registration Statement on Form S-1 pursuant to which an initial Public Offering of common stock of the Company will be effected (the “Effective Time”), the Company and the Avista Entities hereby consent to the following amendments to the Agreement:
Amendment to the Shareholders Agreement. Section 2.1(b)(i) –
Amendment to the Shareholders Agreement. With effect from the date of this Deed, GSW, together with its Affiliates, shall be deemed to cease to hold any Effective Economic Interest for the purpose of Section 5.1 of the Shareholders Agreement notwithstanding its holding of one Class A Share.
Amendment to the Shareholders Agreement. 3.1 The Shareholders’ Agreement is amended as follows with effect from the date of this Deed :
Amendment to the Shareholders Agreement. In the event that Xxxxxx exercises its rights set forth in Section 4(b) above and purchases LTBM Option Shares, Xxxxxx, JHM and the JHM Trustees agree to amend (1) the terms of the Shareholders' Agreement to incorporate the terms and conditions negotiated with Xxxxxx in the December 2001 draft amended and restated Shareholders' Agreement a copy of which is attached to this Agreement as Exhibit B, and (2) if applicable, the articles and bylaws of the Company.
Amendment to the Shareholders Agreement. (A) The parties hereto acknowledge that, in connection with the Offering, the authorized Common Stock will be increased to (i) effect a stock split, stock dividend or similar change to the existing Common Stock, which in any case shall be applicable to all outstanding shares of Common Stock and any options, warrants, subscription bonds or other securities convertible into or exchangeable for shares of Common Stock outstanding on the closing of the Offering (collectively, the Stock Split ) and (ii) create the authorized shares necessary to issue the Noteholder Shares to Holding LLC. Accordingly. as of the closing of the Offering, Clause 2 (a) of the Shareholders Agreement shall be amended (i) to change the reference to 50,000 therein to such number of shares of Common Stock as the underwriters of the Offering and the Company shall mutually agree (the New Common Shares ), it being understood that the total number of Noteholder Shares shall not exceed 10% of the outstanding shares of Common Stock on a fully diluted basis, and (ii) to change the reference to 113,000 therein to the sum of the New Common Shares and 63,000.
Amendment to the Shareholders Agreement. The Parties hereby amend the Shareholders’ Agreement as follows:
Amendment to the Shareholders Agreement. The Shareholders Agreement is hereby amended to state that the number of Original Shares of Company Stock beneficially owned by Xx. Xxxxx is 1,486,102.
Amendment to the Shareholders Agreement. (1) The Parties agree to amend the Shareholders Agreement as follows: Before Amendment After Amendment
Amendment to the Shareholders Agreement. 1.1 Upon the date hereof, the Shareholders Agreement is hereby amended as set forth below:
