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 PAN Group has no liability to the Customer if the PAN Group is unable to provide all or a part of the goods and/or services in accordance with these Terms or otherwise as a result of circumstances beyond the PAN Group's reasonable control, including without limitation, war, strike, lockout, industrial disputes, riot, civil commotion, acts of Government, fire, blockade, accident, natural catastrophe, disaster.
As of the date hereof, 1,000 shares of Purchaser's Common Stock, par value $.01 per share, are issued and outstanding, all of which have been issued to the Continuing Shareholders in consideration of the respective transfer to Purchaser by each such Continuing Shareholder of all of his or her Shares.
The grant of authority to the Continuing Shareholder Representative provided for herein is coupled with an interest and shall be irrevocable and survive the death, incompetence, bankruptcy or liquidation of any Continuing Shareholder.
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.