Continuing Shareholder definition
Examples of Continuing Shareholder in a sentence
In the event of any transfer of Continuing Shareholder Shares after the date hereof, such shares shall remain Continuing Shareholder Shares and be deemed to be owned of record by the Continuing Shareholders for purposes of Article II of this Agreement and this Section 5.5(b).
The initial Continuing Shareholder Representative will be ▇▇▇▇▇▇▇ ▇.
Each Shareholder agrees to vote all Securities as to which it has or controls the voting rights for the removal of a Director whenever there shall be presented to the Board the written direction that such Director be removed, signed by (i) Palladium, in the case of a Director designated by Palladium, (ii) Parallel, in the case of a Director designated by Parallel, or (iii) the Continuing Shareholder Representative, in the case of a Director designated by the Continuing Shareholder Representative.
The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such Continuing Shareholder, Other Option Holder or Borrower.
Each Continuing Shareholder shall have contributed to Holdco all Contribution Shares held by him, her or it in exchange for Holdco Units pursuant to the Contribution Agreement and the Letters of Transmittal.