Common use of Open Trading & Issuance of New Share Tokens Clause in Contracts

Open Trading & Issuance of New Share Tokens. All Shareholders agree that the Issuer may decide to offer Share Tokens for public sale and repurchase by the Issuer to create a public market for the Share Tokens ("Open Trading"). The Issuer is under no obligation to offer or repurchase the Share Tokens and may stop the Open Trading at any time or limit the Open Trading to selling or buying only. To enable the Open Trading for existing Share Tokens, all Shareholders hereby waive their right to equal treatment for the repurchase of Share Tokens and their subscription right for the sale of Share Tokens. In case of a capital increase for the creation of new Share Tokens that are intended for sale through Open Trading, the Token Holders agree that their subscription rights are granted by having equal access to the Open Trading.

Appears in 3 contracts

Samples: Shareholder Agreement, Shareholder Agreement, Shareholder Agreement

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Open Trading & Issuance of New Share Tokens. All Shareholders agree that the Issuer may decide decide, within legal limitations and limitations agreed in the Ordinary SHA, to offer Share Tokens for public sale and repurchase by the Issuer to create a public market for the Share Tokens ("Open Trading"). The Issuer is under no obligation to offer or repurchase the Share Tokens and may stop the Open Trading at any time or limit the Open Trading to selling or buying only. To enable the Open Trading for existing Share TokensTrading, all Shareholders hereby waive their right to equal treatment for the repurchase of Share Tokens and their subscription right for the sale of existing Share Tokens. In case of a capital increase for the creation of new Share Tokens that are intended for sale through Open Trading, the Token Holders agree that their subscription rights are granted by having equal access to the Open Trading.

Appears in 1 contract

Samples: Token Shareholder Agreement

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