Rights and Obligations of Shareholders. 7.1 From the date when Party B pays all of the share transfer price, Party A will no longer enjoy the rights of the shareholders of the target company corresponding to the transfer of shares and will no longer perform the obligations of the shareholders.
7.2 From the date when Party B pays all of the share transfer price, Party B shall enjoy the rights and obligations of the shareholders of the target company. If necessary, Party A shall assist Party B in exercising the rights of shareholders and fulfilling the obligations of shareholders, including signing relevant documents in the name of Party A.
Rights and Obligations of Shareholders. 5.1 Each ordinary share gives the Shareholder 1 (one) vote at the General Meeting on all issues within the General Meeting’s competence.
5.2 The Shareholders holding ordinary shares have the following rights:
(a) to participate in, and vote at, the General Meeting on all issues within its competence;
(b) to receive declared dividends and in the event of the Company’s liquidation, the property remaining after the satisfaction of creditors’ claims;
(c) to have access to documents of the Company as provided by the Law;
(d) insofar as the Shareholder owns more than 1% of the Company’s voting shares, to obtain information from the Company’s shareholders register on the names of other registered Shareholders and the number of shares owned by them; and
(e) other rights as set out in the Legislation and this Charter.
5.3 No Shareholder has the right to give mandatory instructions to the Company.
5.4 The Shareholders shall not be liable for the Company’s obligations and shall bear losses relating to the Company’s activities only to the extent of the value of the Company’s shares belonging to them.
5.5 The Shareholders are obliged to (i) make their respective charter capital contributions in the established procedure; (ii) co-operate with the Company to implement its objectives; and (iii) keep confidential commercial information that they receive from the Company or other Shareholders.
Rights and Obligations of Shareholders. 20 SECTION 5.1 Shareholders..............................................
Rights and Obligations of Shareholders. (i) The Shareholders agree that no dividends shall be distributed unless the JVC has completed its obligations under the loan contract(s) at the date of such payment. Each Shareholder shall have the right to receive in the USD the dividends, which are declared to belong to each Shareholder and their amount and the payment terms agreed at any general meeting of the Shareholders of the JVC.
(ii) Transfer of shares to third party is subject to the first and last right of refusal of the other Shareholders. If shares are transferred to third party pursuant to the terms of the Shareholders’ Agreement, then such third party will assume the liabilities and obligations of the transferring Shareholder by executing a deed of adherence and any other agreements/ document deemed necessary to be executed by the Shareholders.
(iii) PTSC shall have the right, with prior consent of YHB which shall not be unreasonably withheld, to invite a third party to take up equity in the JVC in which case the respective Proportionate Share of each Shareholder shall be agreed as follows: PTSC : 40% (Minimum) YHB : 30% (Minimum) Third Party : 30% (Maximum) For avoidance of doubt, in the event of a third party becomes a new shareholder of the JVC as described above, the leadership of the JVC shall remain unchanged.
(iv) The Shareholders confirm that they have agreed that the projected investment in the building of the FSO shall be in accordance with the approved capital budget as detailed in the Shareholders’ Agreement.
(v) It is intended that all working capital requirements of the JVC will be met by the injection of cash in the form of loans from the Shareholders in accordance with the agreed cash call schedule of the Shareholders’ Agreement ("Agreed Cash Call Schedule”). Subject to item (vi) below, each Shareholder is obliged to inject the capital in the JVC strictly in accordance with the proportion set out in the Agreed Cash Call Schedule. Such loans by the Shareholders shall upon receipt by the JVC be utilised for the purpose of payment for the subcontracts in accordance with the payment schedules under such subcontracts and other expenses of the JVC.
(vi) Without prejudice to any of the Shareholders’ rights under the Shareholders’ Agreement and at law, in the event that PTSC is unable to pay its portion of payment as per the Agreed Cash Call Schedule, YHB shall advance such cash call amount due from PTSC by way of shareholder’s loan to the JVC. In such event, YHB will be entitled to...
Rights and Obligations of Shareholders. Each shareholder of the Company shall have the following rights and obligations to:
8.1 Participate in the General and Extraordinary Meetings of the Shareholders and vote therein or any resolution in proportion to the number of paid-up shares held;
8.2 The right to share in the annual net profit in accordance with the Option and Joint Venture Shareholders Agreement of *** 2017, and its amendments thereto;
8.3 The right to a share in the net proceeds upon the winding up of the Company in proportion to his/its shareholdings;
8.4 The right to participate in the management of the Company, in particular to take part in the General Meeting, to vote, elect and be elected as member of the Board of Directors, receive copies of the financial statements of the Company, seek explanation and submit proposals subject to the terms of the Option and Joint Venture Shareholders Agreement of *** 2017 and its amendments thereto;
8.5 The obligation to abide by the provision of the Ethiopian Law, the Memorandum and Articles of Association of the Company, the Option and Joint Venture Shareholders Agreement as well as the resolutions adopted by the Ordinary and Extraordinary General Meetings.
Rights and Obligations of Shareholders. A Shareholder will furnish to the Company such information and execute such documents regarding the Qualifying Securities and the intended method of disposition thereof as the Company may reasonably request in order to effect the requested qualification for sale or other disposition. If an underwritten public offering is contemplated, the Shareholders shall execute and perform their respective obligations under an underwriting agreement in a form reasonably satisfactory to each of the Company and such Requesting Shareholder containing customary representations, warranties and indemnities (and contribution covenants) for the benefit of the underwriters and the Company; provided that the obligation of each Shareholder to indemnify shall be limited in amount to the gross proceeds received by such Shareholder from the sale of Qualifying Securities pursuant to such Distribution. Such Shareholder will have the right to withdraw from a proposed underwritten public offering at any time prior to the signing of the underwriting agreement, without incurring any obligation to the Company or any proposed underwriter, except as set forth below.
Rights and Obligations of Shareholders. By acquiring a share, the shareholder shall be deemed to have accepted these Articles of Association and comply with them. This provision shall apply to also those who later acquired shares by means of heritance or other means. The rights and obligations of shareholders are set forth in the law and these articles of association.
Rights and Obligations of Shareholders. 1. Rights of Shareholders
a) Dividend;
b) Vote;
c) Appoint director and supervisor;
d) Right to information and inquiry;
e) Annual audit f) Increase capital;
Rights and Obligations of Shareholders. 5.1 All the rights and obligations of shareholders attached to the 51% Sale Interests in Shanghai Huaqing shall be transferred to the Purchaser since the execution date of this Agreement.
5.2 All the rights and liabilities of Shanghai Huaqing shall be assumed by Shanghai Huaqing after the Purchaser executes this Agreement since the execution date.
5.3 All the assets of Shanghai Huaqing will be taken by Shanghai Huaqing after the Purchaser executes this Agreement since the execution date.
Rights and Obligations of Shareholders. 1. Rights of shareholders
A) attending shareholders meetings;
