Examples of Remaining Shareholder in a sentence

If any Remaining Shareholder fails to give timely notice or declines to purchase its proportionate share, the other Remaining Shareholders shall have the option to purchase that Remaining Shareholder’s proportionate share of the Offered Shares, in proportion to their respective ownership interests of the outstanding Shares.
Such allocation shall be based on a fraction, the numerator of which is the number of Shares outstanding held by each such Remaining Shareholder and the denominator of which is the number which is the aggregate number of Shares outstanding held by all Remaining Shareholders who have offered to purchase a number of Shares greater than the number allocated to them.
The receipt by the Company of the purchase money shall be a good discharge by the Remaining Shareholder (who shall not be bound to see to the application of those moneys).
If no Purchase Application has been received by the Board from a Remaining Shareholder by 5.00pm on the Offer Expiry Date, that Remaining Shareholder will be deemed to have rejected the offer set out in the Offer Notice in full.
If the Remaining Shareholder does not wish to accept the Offer it may either send a notice to the Transferring Shareholder, copied to the Company, by the End Date declining the Offer or do nothing in which case it shall be deemed to have declined the Offer.

More Definitions of Remaining Shareholder

Remaining Shareholder has the meaning set out in sections 6.1 and 7.1;

Remaining Shareholder has the meaning assigned to such term in Section 6.2 hereof.

Remaining Shareholder has the meaning ascribed to it in CLAUSE 8.4;

Remaining Shareholder shall have the meaning given that term in Section 16.1(c).

Remaining Shareholder shall have the meaning set forth in section 9.2(a).

Remaining Shareholder shall have the meaning ascribed to it in Clause 19.4 of this Deed;

Remaining Shareholder has the meaning set out in Clause 22.4.1(vi)(a);