Examples of Original Shareholders in a sentence
Xxxxxx, hereby concedes, in irrevocable and irreversible manner, to each one of the Original Shareholders, an option for these to sell the totality, and no less than the totality, of their respective shares (“Put Option”), which if exercised, shall be done independently by each of the Original Shareholders and according to the terms and conditions of the Clause 10.
The Parties acknowledge and agree that, solely for the purpose of the exercise of political rights under this agreement, the Original Shareholders, as well as their successors, assignees and third parties, represent a single Party.
The Original Shareholders shall be notified by Xxxxxx in writing, under the terms of Clause 14.7 below, 15 (fifteen) days in advance of the respective general assembly or Xxxxxx’x board of directors meeting to express their approval or not of the subjects specified in Clause 11.2 above within a term of up to 6 (six) days of the receipt of the referred notice.
Xxxxxx, Integritas, Bradseg, Core and/or Core Partners, are hereby obliged not to Transfer, partially or totally, the Shares and/or Indirect Participations, according to the case, without previously ensuring the right of preference and the right to Tag Along to the Original Shareholders, as applicable and laid out in this Agreement, as well as expressly recognize any Direct Transfer or Indirect Transfer as being invalid and ineffective without observation of this Agreement.
This way, the vote to be delivered by the Original Shareholders will always be uniform, in block and formalized in name, and for the account and order, of all the Original Shareholders.