Examples of Class A Ordinary Shareholder in a sentence
Although a Class A Ordinary Shareholder, or a group of Class A Ordinary Shareholders acting in concert, deemed to be holding in excess of 15% of issued Class A Ordinary Shares loses the ability to redeem all such Class A Ordinary Shares in excess of 15% of the issued Class A Ordinary Shares, there could still be a significant number of Redeeming Shareholders or redeemed shares in case of a contemplated Business Combination.
Subject to Section 10.1, the Founder or any Class A Ordinary Shareholder (other than any Class A Ordinary Shares issued upon conversion of any Preferred Shares and Class B Ordinary Shares) may not sell, transfer, pledge, hypothecate, encumber or otherwise dispose of its Shares to any Person, whether directly or indirectly, except in compliance with this Section 4.2 and Section 5.
For the avoidance of doubt, a Class A Ordinary Shareholder can vote its Class A Ordinary Shares at the EGM irrespective of whether or not it has elected to exercise its rights to have their Class A Ordinary Shares redeemed under the Revised Share Redemption Arrangement, and further, the redemption of the Class A Ordinary Shares held by a Class A Ordinary Shareholder does not trigger the redemption of the Warrants held by such Public Shareholder (if any).
A Warrant does not entitle the holder of such Warrants to any of the rights or privileges of a Class A Ordinary Shareholder of the Company, including, without limitation, the right to receive dividends, or other distributions, exercise any pre-emptive rights to vote or to consent or to receive notice as shareholders in respect of the meetings of shareholders or the election of directors of the Company or any other matter.
The Company, Founder and each Class A Ordinary Shareholder shall cause all the Parties other than the Investors to perform their obligations under this Agreement.
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