Examples of Sponsor Shareholder in a sentence
Has not been debarred for being Chief Executive, Chairman, Director, Sponsor Shareholder or Key Executive of a company, firm or in similar capacity.
As per the provisions of Securities and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, governing asset reconstruction companies (ARCs), no company can hold more than 50% stake in ARCs. Hence, the Company at present holds 50% in JM Financial ARC and the balance is held by Banks and other Sponsor Shareholder.
The Debtors (as defined below) have also covenanted and agreed to cause the Trustee-Manager (or any subsequent trustee-manager of APTT) not to voluntarily resign as trustee-manager of APTT except in circumstances where the Trustee-Manager (or any subsequent trustee-manager of APTT) is replaced as trustee-manager of APTT by a wholly owned direct or indirect subsidiary of a Sponsor Shareholder Controlled Entity (the “Relevant Covenant”).
For the avoidance of doubt, where the Selling Shareholder is the Sponsor Shareholder or a Management Shareholder, the Selling Shareholder shall not be required to deliver the Transfer Documents to (i) the other Management Shareholders and the Sponsor Shareholders (if the Selling Shareholder is a Management Shareholder) or (ii) to all the Management Shareholders (if the Selling Shareholder is the Sponsor Shareholder).
It is also an indirect wholly- owned Subsidiary of Azalea.The Sponsor has been incorporated for the purpose of initiating the Transaction.The Issuer and the Sponsor have entered into the Sponsor Shareholder Loan Agreement, pursuant to which the Issuer may deliver a request to the Sponsor at any time and from time to time, and the Sponsor may agree, to make the Sponsor Shareholder Loan so specified in such request.
In this regard the Sponsor Shareholder shall be responsible for and shall indemnify the Company against any claim by any Director which it removes pursuant to this clause, for wrongful or unfair dismissal or redundancy or other compensation arising out of such removal or loss of office.
The Sponsor Shareholder shall be entitled, on written notice to the Company, to remove and replace those Directors which it appointed to the Board.
However, it is doubtful whether the Minquiers and Ecrehos case should be considered to be a territorial dispute to which occupation or prescription is relevant.
If no chairperson is elected, or if at any meeting the chairperson is not Present or willing to act as chairperson thereof within 10 minutes of the time appointed for holding the meeting, then: if there is a Sponsor Shareholder, the Sponsor Shareholder shall choose 1 of their number to be chairperson of such meeting; or, if there is no Sponsor Shareholder, the Directors Present shall choose 1 of their number to be chairperson of such meeting.
The disadvantages of using equity are the limited capital increase and the fact that increase opportunities of the return on equity via a loan are not used.Liabilities.Liabilities or Debts may be defined as the obligation to pay.