Regress. 14.1. Any member of the board or shareholder binding himself as surety for and co-principal debtor for the Company pursuant to the provisions of this Agreement shall have a right of regress against the other shareholders pro rata to the respective shareholdings of all shareholders. For purposes hereof a member of the board appointed by a shareholder and a shareholder shall be treated as one.
Appears in 4 contracts
Samples: Shareholders’ Agreement (Millennium Group Worldwide Inc), Shareholders’ Agreement (Millennium Group Worldwide Inc), Shareholders’ Agreement (Millennium Group Worldwide Inc)
