Directors and Shareholders Clause Samples
The 'Directors and Shareholders' clause defines the roles, rights, and responsibilities of a company's directors and shareholders. It typically outlines how directors are appointed or removed, the powers they hold in managing the company, and the decision-making rights reserved for shareholders, such as voting on major corporate actions or approving significant transactions. This clause ensures a clear governance structure by delineating authority and accountability, thereby preventing disputes and promoting effective management within the company.
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Directors and Shareholders. This Agreement has been duly executed and delivered by a duly authorized officer of the Seller, and constitutes, and will constitute on the Closing Date, the valid and binding obligation of the Seller, enforceable in accordance with its terms.
Directors and Shareholders. It is understood and is expressly stipulated that neither the holders of shares in the Fund nor any Directors of the Fund shall be personally liable hereunder.
Directors and Shareholders. Approval As of the Closing, TALLMAN's Board of Dire▇▇▇▇▇ ▇▇▇ Shareholders, by meeting or consent shall have properly authorized the matters described in section 7(a)(iv)herein.
Directors and Shareholders. Approval As of the Closing, CI4NET's Board of Directors and Shareholders, by meeting or consent shall have properly authorized the matters described in section 7(a)(iv)herein.
Directors and Shareholders. This Agreement has been duly executed and delivered by AZCO and SMI and constitutes a valid and legally binding obligation, enforceable against AZCO and SMI in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws affecting the enforcement of creditors' rights generally now or hereafter in effect, and subject to the availability of equitable remedies.
Directors and Shareholders. Neither the holders of shares in the Portfolios nor any Directors of the Fund will be personally liable under this Agreement.
Directors and Shareholders. Approval As of the Closing, LCI's Board of Directors and Shareholders, by meeting or consent shall have properly authorized the matters described in section 7(a)(iv)herein.
Directors and Shareholders. The Corporation will have a minimum of one (1) director and a maximum of four (4) directors, unless the number of directors is increased or decreased by 50.1% approval of the Voting Shareholders.
Directors and Shareholders. 7 6.1 Nomination and Election of BDC Director..............................7 6.2
Directors and Shareholders. 4.8.1. A complete list of the directors of each of the Members of the Group that is a company (“the Directors”) and of the active contacts of the Partner Parties, is attached as Appendix 4.8.1 to this Agreement.
4.8.2. The Company’s Board of Directors does not have any committees whatsoever.
4.8.3. Apart from the agreement with the Partner Parties there is no shareholders agreement, voting agreement or any other agreement or other undertaking in connection with shares and/or rights, the holding thereof, the transfer thereof, restrictions on the transfer thereof, or the use of the rights granted by the power thereof (including the appointment of directors) that the Seller and/or any of the Members of the Group is a party to in all matters pertaining to the Members of the Group, including foundation agreements and/or voting agreements and/or cooperation agreements.