Examples of New Shareholders Agreement in a sentence
From and after the Effective Date, each director, officer, or manager of the Reorganized Debtors shall be appointed and serve pursuant to the terms of their respective charters and bylaws or other formation and constituent documents, including the New Shareholders Agreement and the New Organizational Documents, and applicable laws of the respective Reorganized Debtor’s jurisdiction of formation.
On the Effective Date, Reorganized TopCo shall enter into and deliver the New Shareholders Agreement to the Sponsors, and each Sponsor shall be bound thereby.
Reorganized TopCo shall be authorized to require each Sponsor to execute and deliver its signature page to the New Shareholders Agreement as a condition to receiving its distribution of New Common Stock thereunder.
As general principle of the New Shareholders Agreement, MTP and CNRC have acknowledged that, in coherence with what already set forth in the First Shareholders Agreement, the governance structures are aimed at continuing the Pirelli’s business and entrepreneurial culture by leveraging on the management retention in the long run and shall be inspired by the best international practice of listed companies.
The New Shareholders Agreement does not provide for any relevant body.