Affected Common Shares definition
Examples of Affected Common Shares in a sentence
In addition to the measures set forth in this Shareholders’ Agreement, the Parties agree to make use of the voting right attached their Affected Common Shares and take any other measures necessary to fully comply with this Shareholders’ Agreement.
The Parties shall not sell, assign, transfer, either free of charge or upon compensation, pay in the capital stock of another company with, transmit nor dispose of, in any way, their Affected Common Shares, and shall not sell, assign, transfer, either free of charge or upon compensation, pay in the capital stock of another company with, transmit or dispose of, in any way, their Subscription Rights, except as provided under the terms set forth below.
Such filings shall impair the practice of any acts contrary to the provisions hereof, and the Company is lawfully authorized not to affect, in such case, the registration of such acts, and, thus, to deny the transfer of ownership of any of the rights on the Affected Common Shares and/or the Subscription Rights.
None of the Parties shall pledge or create lien, trust receipt or any other “in rem” guaranty right upon the Affected Common Shares and/or Subscription Rights, except if effected to guarantee obligations undertaken by such Party to enable its participation in the Company and indirectly in the Bid.
The controlling interest of any of the Parties shall not be amended, without being previously offered to the other Parties all Affected Common Shares held by the Party which controlling interest is to be amended, subject to the provisions set forth in clause III, which refer to the exercise of the Right of First Refusal.