Minority Holders definition
Examples of Minority Holders in a sentence
The Sellers, collectively represented by Nordic Capital, undertake to keep the Purchaser informed on the number of Shares and Warrants that the Sellers have secured to be sold to the Purchaser at the Closing as well as of the response from the Minority Holders on a regular basis.
The Sellers with contractual rights to re-purchase Shares and Warrants, collectively represented by Nordic Capital, shall immediately after the date of this Agreement initiate contacts with the Minority Holders regarding the Sellers’ contractual rights to re-purchase the Shares and Warrants held by the Minority Holders.
If the Majority Minority Holders disagree with the Fair Market Value determined pursuant to clause (i), (ii) or (iii) of the definition of “Fair Market Value,” then the Majority Minority Holders shall have twenty calendar days following the date of the Board of Managers’ valuation to make a written request to the Independent Managers requiring the Independent Managers to engage, on behalf of the Company, an investment bank of national reputation to determine such Fair Market Value.
The Sellers, collectively represented by Nordic Capital, shall use best efforts to invoke their respective contractual right to acquire such Shares and Warrants, to procure that the Purchaser at the Closing Date may purchase the Shares and Warrants currently held by the Minority Holders from the relevant Sellers.
Following each relevant Seller’s acquisition of Shares and Warrants from the Minority Holders commencing before or after the date hereof, the Sellers shall procure that Nordic Capital, on behalf of the Sellers, prepares Exhibit B, so that it reflects the allocation of the Purchase Price at least two (2) but no more than five (5) Business Days prior to the Closing Date setting forth the number of Shares and Warrants to be sold by the Sellers to the Purchaser on the Closing Date.