Examples of Contributing Shareholder in a sentence
The Contributing Shareholders are not related to any of the Non-Contributing Shareholders such that stock ownership of a Contributing Shareholder would be attributed to a Non-Contributing Shareholder pursuant to section 318(a)(1) or section 267(c)(2).
Some other criteria are directly related to the geometry of the object thus facilitating the association of predictive behaviours (e.g. minimisation of the nodes displacement).All these possible configurations are well suited for surface manipulation and feature-based modelling and permit to define locally the shape without defining additional geometric constraints.
AIT does not represent or guarantee that each Contributing Shareholder will be entitled to or allocated a 3% equity share in any Spin-out Company or that a 10% equity share in any Spin-out Company will be allocated collectively between its Contributing Shareholders; this will be subject to review and agreement in each case based on commercial considerations in the best interests of the Spin-out Company.
Without limiting the duties and responsibilities owed by a Contributing Shareholder to AIT, each Contributing Shareholder, as a Shareholder, will then have certain rights and responsibilities in relation to the business of the Spin-out Company.
Any Originator receiving a personal equity in any Spin-out Company (as a Promoter or a Contributing Shareholder) shall not be entitled to receive any share of royalties, milestone payments, licence fees or any other income whatsoever received by AIT which results from or relates to the Commercialisation of the AIT IP by the same Spin-out Company, and the share of income which would otherwise have been allocated to that Originator (pursuant to this section 12.4) shall be allocated to the AIT RTT Fund.
The Originators’ (including any Promoter, Contributor or Contributing Shareholder) contribution, investment and/or involvement will also be relevant.
The aforementioned are analyzed in the following table: Name of Contributing Shareholder (1) Please note that in cases where the total nominal value of the Offeror’s shares is not an integer, the number of Offeror’s shares received by each contributing shareholder was rounded up to the nearest integer.Concerted Parties, in accordance with Article 2 (e) of the Law, are the above natural persons-shareholders of the Offeror.
In such circumstances, the Promoter and Contributing Shareholder of each approved Spin-out Company will be deemed to have waived any right under the IP Policy to receive a share of the any income received by AIT pursuant to section 13.5(a) above or otherwise under the IP Policy in respect of that AIT IP and the Contributor of each approved Spin-out Company will be deemed to have waived any right to receive founding equity in the capital of such Spin-out Company.
The accrued interest shall be deducted by the Project Company from any repayment of the shareholder’s loans and, if not suffice, from payment of dividends and pay directly to the Contributing Shareholder.
The Directors may determine that Existing Shareholders will be paid by means of a distribution of that part of the sums drawn down under 19.1.1 above as represents the difference between the amounts actually drawn down with a pro-rata share of the interest from Existing Shareholders and the amounts that would have been drawn down if the Contributing Shareholder had been admitted on the Initial Closing Date, together paid under (a) above.