Examples of Funding Shareholder in a sentence
If a joint venture partner (“Funding Shareholder”) funds the other partner’s (“Non-Funding Shareholder”) share of the Additional Funding (“Shortfall”) and the Non-Funding Shareholder does not fund the Shortfall within the stipulated timeframe, the Funding Shareholder has an option to acquire shares held by the Non-Funding Shareholder in EcoWorld London group of companies or EcoWorld London Development, as the case may be, at a nominal price.A12.
Anderson (Delaware, 1984)65 Wenjing Chen, A Comparative Study of Funding Shareholder Litigation, p.31, (2017)66 See Lewis v.
If a joint venture partner (“Funding Shareholder”) funds the other partner’s (“Non-Funding Shareholder”) share of the Additional Funding (“Shortfall”) and the Non-Funding Shareholder does not fund the Shortfall within the stipulated timeframe, the Funding Shareholder has an option to acquire all of the shares held by the Non-Defaulting Shareholder in EcoWorld London group of companies or EcoWorld London DMCo, as the case may be, at a discount or a portion of such shares at a nominal price.A12.
See C KESSEDJIAN (ed.), Le financement de contentieux par un tiers, Paris, Pantheon- Assas Paris II, 2012, and in another book focusing on shareholders’ litigation funding, see W CHEN, A Comparative Study of Funding Shareholder Litigation, Springer Singapore, 2017, 264 p.
Anderson (Delaware, 1984)67 Richard Burt, Shareholder Loses Standing to Maintain Derivative Action After Merger, (2012)68 Wenjing Chen, A Comparative Study of Funding Shareholder Litigation, pp.46-50, (2017)The demand on the board requirement implies that a shareholder does not have the right to commence a derivative action without making a demand on the board of directors first, unless he can show that such a demand is futile.
Any shares of the Company to be allotted to the Funding Shareholder under this Article shall be allotted at a price equivalent to the issue price of shares of the Company in the issue of shares not subscribed for by the Non-subscribing Shareholder.
Will they use it?, (2007) 59 Andreas Cahn, Comparative company law: text and cases on the laws governing corporations in German, the UK and the USA, pp.601-602, (2010) 60 Wenjing Chen, A Comparative Study of Funding Shareholder Litigation, p.28, (2017) 61 Wenjing Chen, A Comparative Study of Funding Shareholder Litigation, pp.28-29, (2017) 62 For example, in Aronson v.
If the Board determines that the Company requires urgent funding (" Urgent Funding"), which funding is required within 10 business days of such determination, any of the Shareholders ("Urgent Funding Shareholders") shall be entitled to provide such Urgent Funding to the Company ("Urgent Funding Shareholder Loans").
SECOND SCHEDULE PAYMENT SCHEDULE Percentage of purchase price to be paid 10.On the date the Purchaser takes vacant possession.
The Loan shall carry a conversion option whereby the Funding Shareholder shall have the right to convert the Loan into equity shares of the Company upon the expiry of [6] months from the date of disbursement of the Loan ("Loan Period") if the Non-subscribing Shareholder is unable and/or unwilling to bring in its entitlement in the issue of shares subscribed for by the Funding Shareholder within the Loan Period.