Common use of Diluted Interest Below 40% Clause in Contracts

Diluted Interest Below 40%. (a) In the event that as a consequence of a capital increase by the Company the Diluted Interest is less than 40% (forty percent) of the Company’s total issued and outstanding share capital (the “Dilution Event Below 40%”), the Reduced Shareholder shall have the right to transfer to the Company Additional Capital Contributions at one or more Additional Closings, so as to cause the Reduced Shareholder’s total Interest to be increased to:

Appears in 6 contracts

Samples: Shareholders Agreement (Telefonica Mobile Inc), Shareholders Agreement (Portugal Telecom SGPS Sa), Shareholders Agreement (Telefonica Mobile Inc)

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Diluted Interest Below 40%. (a) In the event that as a consequence of a capital increase by the Company the Diluted Interest is less than 40% (forty percent) of the Company’s 's total issued and outstanding share capital (the "Dilution Event Below 40%"), the Reduced Shareholder shall have the right to transfer to the Company Additional Capital Contributions at one or more Additional Closings, so as to cause the Reduced Shareholder’s 's total Interest to be increased to:

Appears in 1 contract

Samples: Shareholders Agreement (Portugal Telecom SGPS Sa)

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