Existing Shareholders definition
Examples of Existing Shareholders in a sentence
This Agreement represents a legal, valid and binding obligation for each of the Existing Shareholders and for the Company, which may be enforced upon the aforementioned Parties.
The Existing Shareholders shall procure that the statutory preference right of all existing shares, cf the Norwegian Private Limited Liability Companies Act (the “PLLC Act�) section 10-5, is waived by voting for the share issuance directed at Statoil [the Investors].
Likewise are all the shares in the Subsidiaries free and clear of rights and pledges, except for BioFuel’s shares in BioFuel Africa AS which have been pledged in favour of the Existing Shareholders as collateral for the loan granted to BioFuel as set out in the Loan Agreement, Exhibit 5.
The Existing Shareholders and the Company have the requisite corporate power and authority to sign and deliver this Agreement and to perform their respective obligations hereunder.