Examples of Founding Shareholder in a sentence
In case where a Founding Shareholder fails to make payment for his/her subscribed Shares, the unpaid Shares shall be: paid up by the other Founding Shareholders in proportion to their shareholding; paid up by the other Founding Shareholders; and paid up by other persons who are not Founding Shareholders.
An Ordinary Share that is held, and only for as long as it continues to be held, by a Founding Shareholder or other Permitted Transferee and is (and continues to be) registered in the Founders Share Register, and furthermore provided that a Founding Shareholder or another Permitted Transferee is (and continues to be) exclusively entitled to exercise the voting rights attached to such Ordinary Share.
Each Founding Shareholder shall ensure that at least one (1) senior employee of that Founding Shareholder with authority to make representations on behalf of, and take any actions delegated to him by, such Founding Shareholder, is resident in The Kingdom during the Term.
Permitted Transferee A Founding Shareholder, a Permitted Intermediate Holding Company or, in respect of a Founding Shareholder, an entity which is, and only for as long as it continues to be, at least 90% Controlled.
Notwithstanding anything in this Agreement to the contrary, no Founding Shareholder Nominee shall be required to qualify as an independent director under applicable rules or regulations of the U.S. Securities and Exchange Commission or a stock exchange on which shares of Common Stock are listed.