Amendments to Shareholders Agreement Clause Samples
The "Amendments to Shareholders Agreement" clause defines the process and requirements for making changes to the existing shareholders agreement. Typically, this clause specifies that any modifications must be made in writing and agreed upon by a certain percentage or all of the shareholders, ensuring that no unilateral changes can be made. By establishing a clear procedure for amendments, this clause protects the interests of all parties and maintains the integrity of the agreement by preventing unauthorized or informal alterations.
Amendments to Shareholders Agreement. Section 1.1 of the Shareholders Agreement is amended to add the following definition:
Amendments to Shareholders Agreement. (a) Section 1.1 of the Shareholders Agreement is hereby amended by deleting the defined term “Payment Milestone” in its entirety and adding the following two new defined terms in alphabetical sequence in Section 1.1:
Amendments to Shareholders Agreement. Without derogating from the generality of the provisions of Section 23, if at any time following the execution of the Shareholders Agreement the Participants under the Shareholders Agreement propose a material change to the Shareholders Agreement, the Concessionaire shall submit to the CTA a copy of the amendment relating to such change prior to the execution thereof. For the purposes of this Agreement, any additional agreement governing the relationship of the Participants in connection with the Project shall be deemed to be an amendment to the Shareholders Agreement.
Amendments to Shareholders Agreement. The Shareholders’ Agreement is hereby amended as follows:
Amendments to Shareholders Agreement. Subject to the satisfaction of the conditions set forth in Section 2 hereof, the Shareholders Agreement is hereby amended as follows:
Amendments to Shareholders Agreement. (a) The Shareholders Agreement shall be amended, effective as of the Third Closing, to provide that the Exercise Price (as defined therein) shall be adjusted upwards by an amount in US Dollars equal to the sum of the stream of Time Adjusted Dividend Payments (as defined below).
Amendments to Shareholders Agreement. The Shareholders' ------------------------------------- Agreement shall be amended, effective upon the consummation of a Qualifying IPO, as follows:
Amendments to Shareholders Agreement. The Shareholders' ------------------------------------- Agreement is hereby amended as of the date hereof as follows:
(a) The first sentence is amended and restated in its entirety as follows: "THIS SHAREHOLDERS' AGREEMENT (this "Agreement") is made and entered into effective as of April 23, 1999 among Broadview Networks Holdings, Inc. (f/k/a Coaxicom, Inc.), a Delaware corporation (the "Company"), ▇▇▇▇▇ Communications Fund, L.P. ("▇▇▇▇▇"), the State Treasurer of the State of Michigan, as Custodian of the Michigan Public School Employees' Retirement System, State Employees' Retirement System and Michigan State Police Retirement System (the "State of Michigan Retirement Systems"), ▇▇▇▇ ▇▇▇▇▇, those parties listed on Schedule I to the (i) Series A Preferred Stock Purchase Agreement (the "Series A Holders"), dated as of January 29, 1998, by and among the Company and the Series A Holders, and (ii) Series B Preferred Stock Purchase Agreement (the "Series B Holders"), dated as of September 9, 1998, by and among the Company and the Series B Holders (the Series A Holders and the Series B Holders are collectively referred to herein as, the "Holders"), and each of the individuals listed on the signature pages hereto under the heading "Founders" (collectively, the Founders, the Holders, ▇▇▇▇▇, the State of Michigan Retirement Systems, ▇▇▇▇ ▇▇▇▇▇ and their respective Permitted Transferees (as defined herein) are collectively referred to herein, as the "Stockholders").
(b) Section 26(a) is hereby amended and restated in its entirety as ------------- follows:
(a) To the fullest extent permitted by applicable law and public policy, the parties hereby irrevocably submit to the non-exclusive jurisdiction of any federal or state court located within the Borough of Manhattan, State of New York over any dispute arising or relating to this Agreement or any of the transactions contemplated hereby and each party hereby irrevocably agrees that all claims in respect of such dispute or any suit, action or proceeding related thereto may be heard and determined in such courts. The parties hereby irrevocably waive, to the fullest extent permitted by applicable law and public policy, any objection which they may now or hereafter have to the laying of venue of any such dispute brought in such court or any defense of inconvenient forum for the maintenance of such dispute. Each of the parties hereto agrees that a judgment in any such dispute may be enforced in other jurisdictions by suit ...
Amendments to Shareholders Agreement. (a) Section 1.1 of the Shareholders’ Agreement is hereby amended by inserting the following defined terms in appropriate alphabetical order:
Amendments to Shareholders Agreement shall be deleted in its entirety and the following shall be inserted in its place: