Examples of Syndicated Shareholders in a sentence
If a Syndicated Shareholder receives or wishes to accept from a prospective buyer a Firm Offer for the Transfer of Syndicated Shares to said third-party buyer, then any of the other Syndicated Shareholders shall be entitled to a Tag-along Right to sell to said buyer, simultaneously with the remaining Syndicated Shareholder proportionally to its equity participation and the number of total Syndicated Shares included in the Firm Offer (the "Tag-Along Right").
Once notified, the remaining Syndicated Shareholders shall have ten (10) running days to notify the other party if they exercise their Tag-Along Right (“Tag-Along Notification”) and the number of Syndicated Shares which they will sell, in which case the Parties shall take all the necessary measures to sell collectively.
In order to decide on any capital increase in RASA and/ or any other initiative which may imply the dilution of the owners’ participation or percentage stake in the capital stock in the Syndicated Shareholders' Company, express written consent from all the Syndicated Shareholders shall be required, which will not be reasonably denied.
In order to dismiss the directors, the Syndicated Shareholders shall vote in the same manner as the individual who proposed the Director to dismiss.
Once the Firm Offer is received, if RH decides to exercise its Drag-Along Right, RH shall notify within ten (10) running days to the remaining Syndicated Shareholders its decision to sell, the price per Syndicated Share and the payment terms, and that RH intends to exercise its Drag-Along Right ("Drag-Along Notification").
Once the Firm Offer is received, if the Syndicated Shareholder decides to accept it, s/he shall notify the other Syndicated Shareholders of their decision to sell, the price per Share and the payment terms.
Therefore, if a Board of Directors of 5 (five) members is elected, all the Syndicated Shareholders shall vote to appoint (3) Directors proposed by RH and two (2) Directors proposed by PMM, MMM and IPS, acting collectively.
If RH receives from a third party a Firm Offer to Transfer a number of shares in excess of the Syndicated Shares owned by it and RH wishes to accept said Firm Offer, then RH shall be able to force the other Syndicated Shareholders ("Drag-Along Right") to sell the number of Syndicated Shares owned by them necessary to cover the Firm Offer, under the same terms and conditions of the Firm Offer.
Once notified, the remaining Syndicated Shareholders shall have ten (10) running days to notify the other party if they exercise their Tag-Along Right ("Tag-Along Notification") and the number of Syndicated Shares which they will sell.