Examples of Class B Ordinary Shareholders in a sentence
Each of the Preferred Shareholders, the Class D Ordinary Shareholders, the Class C Ordinary Shareholders and the Class B Ordinary Shareholders shall have the Preemptive Right, the Right of First Refusal and Right of Co-Sale as set forth in Exhibit E.
Subject to provisions to the contrary elsewhere in the Memorandum and Articles, or as required by applicable Laws, the Preferred Shareholders, the Class D Ordinary Shareholders, the Class C Ordinary Shareholders and the Class B Ordinary Shareholders shall vote together with the Class A Ordinary Shareholders, and not as a separate class or series, on all matters put before the Shareholders.4.2 Board Matters.The Board of Directors shall consist of nine (9) Seats.
The Class B Ordinary Shareholders shall be entitled, in respect of each financial year of the Company, to receive out of the profits of the Company available for distribution and resolved under these Articles to be distributed, dividends in respect of each Class B Ordinary Share held when and if declared by the directors.
Class B Ordinary Shareholders, upon becoming a holder of such Class B Ordinary Share, consent to any such conversion and agree that no further consent is required to any such conversion occurring in accordance with the terms of these Articles.
The Class B Ordinary Shareholders shall be entitled, in respect of each financial year of the Company, to receive out of the profits of the Company available for distribution and resolved under these Articles to be distributed, dividends in respect of each Class B Ordinary Share held when and if declared by the Board.
The Class B Ordinary Shareholders have the rights in respect of the Class B Ordinary Shares which are set out in Part 2 of the Schedule.
Such appointment or removal by the Class B Ordinary Shareholders shall have immediate effect when the vote is passed or the notice served, or take effect at such later time as may be stated in such resolution or notice.
The number of the Directors and the names of the first Directors shall be determined in writing by a majority of the subscribers (or in the case of a sole subscriber, the sole subscriber) of the Memorandum of the Association who shall also designate an equal number of such Directors as being representatives of the Class A Ordinary Shareholders on the one hand and of the Class B Ordinary Shareholders on the other hand.
The Class A Ordinary Shareholders and the Class B Ordinary Shareholders shall each be entitled to appoint and designate an equal number of Directors as representatives of their respective classes of shares.
The quorum necessary for the transaction of the business of the Directors shall be at least one Director representing the Class A Ordinary Shareholders and at least one Director representing the Class B Ordinary Shareholders.