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Majority Shareholders Sample Clauses

Majority Shareholders. Madar and Benacin are sometimes collectively referred to as the "Majority Shareholders".
Majority Shareholders. It is agreed between the parties that one (1) majority shareholder or partner of the company will be permitted to perform work ordinarily performed by Journeymen members of the Union without being members of the Union.
Majority Shareholders. The "Majority Shareholders" means Xxxx Xxxxx and Xxxxxxxx Xxxxxxx.
Majority Shareholders. The "Majority Shareholders" means Jean Madar and Philippe Benacin.
Majority Shareholders. As of any time, any Shareholder who holds, or Shareholders who hold, in the aggregate, at least a majority of the Common Stock then held by all Shareholders (determined consistently with Section 1.5).
Majority Shareholders. 8.1 The Shareholders hereby irrevocably appoint the Majority Shareholders as their agent for purposes of this Escrow Agreement, and the Majority Shareholders hereby accept such appointment as the Shareholders' agent. Parent and the Escrow Agent shall be entitled to deal exclusively with the Majority Shareholders on all matters relating to this Escrow Agreement, and shall be entitled to rely conclusively (without further evidence of any kind whatsoever) on any document executed or purported to be executed on behalf of any Shareholder by the Majority Shareholders, and on any other action taken or purported to be taken on behalf of any Shareholder by the Majority Shareholders, as fully binding upon such Shareholder. If for any reason there are no Majority Shareholders at any time, all references herein to the Majority Shareholders shall be deemed to refer to the Shareholders. 8.2 Neither the Majority Shareholders nor any agent employed by them shall be liable to any Shareholder relating to the performance of their duties under the Reorganization Agreement or this Escrow Agreement for any errors in judgment, negligence, oversight, breach of duty or otherwise except to the extent it is finally determined in a court of competent jurisdiction by clear and convincing evidence that the actions taken or not taken by the Majority Shareholders constituted fraud or were taken or not taken in bad faith. The Majority Shareholders shall be indemnified and held harmless by the Shareholders in the amounts determined by applying the procedures specified in this Escrow Agreement against all expenses (including attorneys' fees), judgments, fines and other amounts paid or incurred in connection with any action, suit, proceeding or claim to which the Majority Shareholders are made a party by reason of the fact that they were acting as the Shareholders' agent pursuant to the Reorganization Agreement or this Escrow Agreement; provided, however, that the Majority Shareholders shall not be entitled to indemnification hereunder to the extent it is finally determined in a court of jurisdiction by clear and convincing evidence that the actions taken or not taken by the Majority Shareholders constituted fraud or were taken or not taken in bad faith. The Majority Shareholders shall be protected in acting upon any notice, statement or certificate believed by it to be genuine and to have been furnished by the appropriate person and in acting or refusing to act in good faith or any matter. ...
Majority ShareholdersThe Board of Directors of VYGP, consist of Messrs. Southerland, Johnson, were elected June of 1999 by written action of VIGC in its capacity as the sole stockholder of VYGP.
Majority Shareholders. On the date hereof, Xxxxxxx Xxxxx, individually and for all entities controlled by him, shall have entered into an agreement to vote in favor of the Merger and to unconditionally release Financiero from any claims arising directly or indirectly from, or in connection with, their relationship with Financiero as shareholders, substantially in the form of EXHIBIT 8.3(u) hereto (the "MAJORITY SHAREHOLDER AGREEMENT") and no later than 10 days after the date hereof, shareholders of Financiero owning in the aggregate at least two-thirds of the outstanding common stock of Financiero shall have executed and delivered to Eurobancshares Majority Shareholder Agreements.
Majority Shareholders. UOP, Inc., 457 A.2d 701, 703 (Del. 1983) (holding that a majority shareholder must demonstrate entire fairness in corporate dealings).
Majority Shareholders. Each of the Majority Shareholders agrees to vote, in connection with any request for approval submitted by the Borrower to its shareholders, the shares of common stock owned or controlled by such Majority Shareholder in favor of approval of the Restructuring, and further agrees to use its reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective the transactions contemplated by the Restructuring as provided herein and in the Restructuring Term Sheet.