Lead Shareholder definition
Examples of Lead Shareholder in a sentence
If the Lead Shareholder exercises its put right as specified in the Shareholder Rights Agreement prior to the time the Stock is publicly traded on a national securities exchange, the Option holders will continue to vest as scheduled, but will not be permitted to exercise their vested Options prior to the 12-month anniversary of the date the Lead Shareholder exercises its put right and sells its shares.
Lead Shareholder Counsel intends to apply to the Court for an award of attorneys' fees from the Gross Settlement Amount in an amount not to exceed 30% (approximately $0.07 per share), and for up to $90,000 as reimbursement of expenses incurred in connection with the prosecution of this portion of the Action, plus interest at the same rate as earned by the Gross Settlement Amount.
The Court has certified David Todd Miller, John Prater, and Bruce Chamberlain as class representatives (collectively, the "Lead Shareholder Plaintiffs") to prosecute the Action on behalf of the Class.
Lead Shareholder Counsel, without further notice to the Class, may subsequently apply to the Court for fees and expenses incurred in connection with administering and distributing the proceeds of the Settlement to the members of the Class and any proceedings subsequent to the Settlement Hearing.
Arrangements are in place to transfer Bock 18 Operatorship to Marib Upstream Services Company (MSC).[This is a joint venture between Yemen Gas Company, (Lead Shareholder, 60%), Yemen Exploration & Production Company (30%) and YLNG (10%)].
Promptly after receipt by Talarian of notice or discovery of any claim, damage or legal action or proceeding giving rise to indemnification rights under this Agreement (a "Claim"), Talarian shall give the Lead Shareholder (or Relevant Shareholder, if applicable) written notice of such Claim and shall provide a copy of such notice to the Escrow Agent.
The Court has approved the law firm of Beatie and Osborn LLP, 521 Fifth Avenue, Suite 3400, New York, NY 10175, 212-888-9000 to serve as class counsel for the Class ("Lead Shareholder Counsel") .
Lead Shareholder Counsel has expended considerable time and effort in the prosecution of this litigation on a contingent fee basis, and has advanced substantial expenses of the litigation, in the expectation that if they were successful in obtaining a recovery for the Class they would be paid from such recovery.
Equity Lock-in Conditions The shareholding of Seller as on the date of this Agreement (“Existing Shareholding”) is as follows: Name of Shareholders Member Number of Shares Value of Shares in MUR Description of Shareholding Lead Shareholder/ Sole Shareholder ……..% (Please insert percent as per the proposed shareholding of Seller.
Seller having been set up for the sole purpose of exercising the rights and observing and performing its obligations under this Agreement, Seller hereby undertakes and agrees that it shall not undertake or permit any Change of Control except in accordance with the provisions of Clause 17.4 and that the Lead Shareholder shall hold not less than 51% (fifty one percent) of its subscribed and paid up equity share capital until the expiry of the Term of this Agreement.