Common use of Defaulting Shareholder is the A Shareholder Clause in Contracts

Defaulting Shareholder is the A Shareholder. If the Defaulting Shareholder is the A Shareholder and the Exit Event is not an Insolvency Event, the Non-defaulting Shareholder shall be entitled to serve written notice on the Defaulting Shareholder no later than [ * * * ] Business Days after the later of (i) the date on which it becomes aware of the occurrence of an Exit Event and (ii) the relevant date in clause 15.4.3 (if applicable) requiring it to buy all (but not only some) of the Shares held by the Non-defaulting Shareholder (the “Put Shares”) in cash at the Transfer Value (such notice, a “Put Notice” and, together with a Call Notice, a “Default Notice”).

Appears in 4 contracts

Samples: Shareholders’ Agreement (Mondelez International, Inc.), Shareholders’ Agreement (Mondelez International, Inc.), Shareholders’ Agreement (Mondelez International, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.