Examples of Amyris Brasil in a sentence
Amyris Brasil or the Amyris Designate will have full control over any action taken, including, without limitation, the right to select counsel, to settle on any terms it deems advisable in its discretion, to appeal any adverse decision rendered in any court, to discontinue any action taken by it, and otherwise to make any decision in respect thereto as it in its discretion deems advisable.
For purpose of clarification USM and Amyris Brasil shall always have the same number of shares, notwithstanding the amounts invested by them in the Company.
The Company has established two principal operating subsidiaries, Amyris Brasil Ltda.
In the event the CAPEX requirements related to Phase 1 and Phase 2 would be in excess of R$ 123.540.000,00 (one hundred and twenty-three million, five hundred and forty thousand reais), the amount of the difference shall be exclusively financed by equity contributions to be made by Amyris Brasil, provided that any such capital increases shall not cause any dilution to USM.
Within one (1) year after the date when the Company starts to operate according to the terms of the First Individual Agreement and provided that Amyris Brasil is not in breach of any of its obligations under the First Individual Agreement, Amyris Brasil must convert all-and not less than all-of the Securities into newly issued shares of the Company and, Simultaneously with such conversion, USM will be obliged to purchase from Amyris Brasil 50% (fifty percent) of such newly issued shares.
In connection therewith, the Company will cooperate to the extent reasonably required by Amyris Brasil, and, if so requested by Amyris Brasil, will join with Amyris Brasil or the Amyris Designate as a party to any action brought by Amyris Brasil or the Amyris Designate for such purpose.
At a reasonable time, Nikko shall have the right to inspect Amyris and Amyris Brasil to verify that Amyris supplies farnesene to the Company through Amyris Brasil with no or nominal profit.
The Shareholders agree that CCL and Amyris Brasil shall, each of them, be authorized to assign and Transfer one Share to each respective Member that shall be appointed by CCL and/or by Amyris Brasil under the provisions of this Agreement (the “Fiduciary Transfer”), who, as a consequence, shall become a shareholder of the Company for the sole purpose of complying with Brazilian laws.
Unless modified or extended by the Shareholders or sooner terminated in accordance with the terms hereof, this Agreement shall remain valid and continue in force and effect until the earlier of (i) the twentieth (20th) anniversary as of the date of its execution; and/or (ii) the date in which Amyris Brasil and/or the São Martinho, would cease to own Shares representing at least 10% (ten percent) of the Company’s voting capital stock.
The individuals that are representing each of Amyris Brasil and ABI in the execution of this Agreement and/or the Shareholders’ Agreement are duly empowered to do so.