First Shareholder definition
Examples of First Shareholder in a sentence
To the extent that amounts are so withheld by SHC, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Frankfort First Shareholder in respect of which such deduction and withholding was made by SHC.
All shares of Frankfort First Common Stock subject to issuance as described in the foregoing, upon issue on the terms and conditions specified in the instruments pursuant to which they are issuable, will be duly authorized, validly issued, fully paid and nonassessable and will not be issued in violation of any preemptive right of any Frankfort First Shareholder.
SHC shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Frankfort First Shareholder such amounts as SHC is required to deduct and withhold with respect to the making of such payment under the Code, or any provision of state, local or foreign tax Law.
Neither the Exchange Agent nor any party to this Agreement shall be liable to any Frankfort First Shareholder for any shares of Frankfort First Common Stock or SHC Common Stock (or dividends or distributions with respect thereto) or cash delivered in accordance with applicable Law to a public official pursuant to any abandoned property, escheat or similar Law.
This Agreement is conditional on the First Shareholder Approval and the Second Shareholder Approval.
If asked to do so by GABC prior to the Effective Time, Citizens First and/or CF Bank agree to terminate the Fiduciary Service Agreement by and between CF Bank and Kentucky Trust Company dated October 27, 1999, with such termination to be effective not later than ten days before the Citizens First Shareholder Meeting.
Whether or not the VIP Representative and the HET Representative (or their respective nominees) meet, if the First Shareholder continues to intend to serve a Buy-Sell Notice on the Second Shareholder, it may only do so following the end of the Cooling-Off Period.
If the First Shareholder does not serve a Buy-Sell Notice within 30 calendar days following the end of the Cooling-Off Period, the Pre-Notice shall lapse and the First Shareholder shall not be entitled to serve a Buy-Sell Notice on the Second Shareholder unless it first serves a new Pre-Notice on the Second Shareholder and complies with the foregoing provisions of this clause 19.1.
Subject to Subclause 16.5(i), the Second Shareholder shall within 45 days from the date when such obligation arose, pay to the First Shareholder the purchase price in US Dollars for the First Sale Shares, and the First Shareholder shall, concurrently with receipt of such purchase price, deliver to the Second Shareholder duly executed transfers in favour of the Second Shareholder or as the Second Shareholder may direct and the share certificate(s) representing the First Sale Shares.
By a document [dated] the Company, First Shareholder and the Second Shareholder agreed to abide by certain covenants relating to the conduct of the affairs of the Company (Shareholders’ Deed).