Shareholder Contracts Sample Clauses

Shareholder Contracts. (A) All Shareholder Contracts shall be on terms no less favourable to the Company than arm's length commercial terms. (B) Each Shareholder undertakes to each other Shareholder not to exercise any rights of influence and to procure that none of its Advisory Board Member use any Voting Rights so as to participate in implementing any Shareholder Contract which is on terms less favourable to the Company (or any member of its Group) than arm's length commercial terms. (C) Each Shareholder undertakes to each other Shareholder not to, and to procure that no member of its Group will, enter into any Shareholder Contract which is on terms less favourable to the Company (or any member of its Group) than arm's length commercial terms.

Shareholder Contracts. (A) All the transactions between the Company (or its subsidiaries) and the Shareholders (and/or any company belonging to the same group) shall be performed under arm's length basis, assuming that they shall not include or result in any value transfers out of the Company. All those material agreements concluded/to be concluded between the Company (or its subsidiaries) and any Shareholder (and/or any company belonging to the same group) shall be recorded in the Advisory Board. (B) Each Shareholder undertakes to each other Shareholder not to exercise any rights of influence and to procure that none of its Advisory Board Member use any Voting Rights so as to participate in implementing any Shareholder Contract which is not on arm's length terms.