Sale of Stake to Third Party Sample Clauses

Sale of Stake to Third Party. (a) In the event that the Government Shareholder sells to a third party (other than via a Public Offering) a shareholding stake smaller than eighteen per cent (18%) and the Strategic Partner obtains a majority shareholding in VSEH by exercising its pre- emption right on such sale, the Government Shareholder will cause its nominees on the SalesCo Supervisory Board to vote together with the representative of the Strategic Partner on issues concerning operational measures which are essential to the Strategic Partner's role, including medium term planning, budget, investment planning, personnel adjustment and reorganization, and cost reduction.
View SourceView Similar (3)
Sale of Stake to Third Party. (a) In the event that the Government Shareholder sells to a third party (other than via a Public Offering) a shareholding stake smaller than eighteen per cent (18%) and the Strategic Partner obtains a majority shareholding in VSEH by exercising its pre- emption right on such sale, the Government Shareholder will cause its nominees on the Supervisory Board to vote together with the representative of the Strategic Partner on issues concerning operational measures which are essential to the Strategic Partner's role including medium term planning, budget, investment planning, personnel adjustment and reorganization, and cost reduction. (b) Notwithstanding Clause 7.4, if the event referred to in Clause 7.5(a) occurs, the Government Shareholder shall make all reasonable efforts to cause the chairman of the Supervisory Board to agree in advance with the vice chairman of the Supervisory Board on the date, time and place of the meetings of the Supervisory Board. (c) If two or more nominees of the Government Shareholder on the Supervisory Board fail to vote at a Supervisory Board meeting as required in Clause 7.5 (a) the Parties shall meet to discuss the relevant issue for the purpose of agreeing on a mutually acceptable solution, and if such solution can be reached the Parties agree to use their best efforts to cause such solution to be implemented by the Members of the Supervisory Board nominated by the Government Shareholder and the Strategic Partner.
View SourceView Similar (2)
Sale of Stake to Third Party. (a) In the event that the Government Shareholder sells to a third party (other than via a Public Offering) a shareholding stake smaller than eighteen per cent (18%) and the Strategic Partner obtains a majority shareholding in VSEH by exercising its pre- emption right on such sale, the Government Shareholder will cause its nominees on the DSO Supervisory Board to vote together with the representative of the Strategic Partner on issues concerning operational measures which are essential to the Strategic Partner's role, including medium term planning, budget, investment planning, personnel adjustment and reorganization, and cost reduction. (b) Notwithstanding Clause 10.4, if the event referred to in Clause 10.5(a) occurs, the Government Shareholder shall make all reasonable efforts to cause the chairman of the DSO Supervisory Board to agree in advance with the vice chairman of the DSO Supervisory Board on the date, time and place of the meetings of the DSO Supervisory Board. (a) the Parties shall meet to discuss the relevant issue for the purpose of agreeing on a mutually acceptable solution and if such solution cannot be achieved, the Parties agree to make all their efforts to procure that such solution is accepted by the Members of the DSO Supervisory Board nominated by the Government Shareholder and Strategic Partner.
View Source

Related to Sale of Stake to Third Party

  • Sale to Third Party If the Company, after receiving the Sale Notice, fails to exercise its option as provided in Section 3.2, or if it declines to exercise the same, the Participant shall be entitled to transfer the Vested Shares to the third party on the terms contained in the Offer, and shall be entitled to have his Vested Shares transferred on the books of the Company, but only if the third party purchaser agrees to be bound by the terms of this Agreement applicable to Vested Shares. If the Participant fails to close the transfer of his Vested Shares within sixty (60) days after the option of the Company has expired or been waived, the restrictions contained in this Article III shall again apply and must be met prior to effecting any transfer of Vested Shares. Any transfer of Vested Shares by the Participant to any unaffiliated third party shall comply with all applicable securities laws, and the Company may refuse to transfer any Vested Shares unless it receives such assurance and opinions from legal counsel acceptable to the Company that any such transfer is in compliance with all applicable securities laws.

  • Notice to Third Parties Licensee shall give written notice, prior to the first sale of Licensed Product, to any Third Party to which it sells Licensed Product of the restrictions contained in this Section 5, and Licensee shall use its best endeavors, without prejudice to any other provision of this Agreement, to ensure that such Third Parties will undertake to abide by the restrictions contained in this Section 5 and will assist the MPP and Pfizer in securing compliance with this Section 5 and the restrictions which it contemplates.

  • DISCLOSURE OF TBS ACCESS CODE TO THIRD PARTY (a) The Account Holder must exercise all care to ensure that the TBS Access Code is not disclosed to any person and shall take all steps to prevent forgery or fraud in connection with the use of his TBS Access Code and/or the operation of the TBS. If the TBS Access Code is disclosed to any person, the Account Holder must forthwith give the Bank written notice thereof, thereupon the Account Holder shall immediately cease to use the TBS Access Code. (b) Unless and until the Bank receives such written notice of disclosure, the Account Holder shall be fully liable and be bound by all transactions effected by the use of such TBS, with or without his consent or knowledge.

  • Links to Third Party Sites The Bank website may contain links to other websites ("Linked Sites"). Such links are provided solely as a convenience for you. While the Bank will attempt to select and provide links to Linked Sites that it believes may be of interest to its customers, the Bank does not screen, approve, review or otherwise endorse any content or information contained in any Linked Sites. You acknowledge and agree that the Bank, its affiliates and partners are not responsible for the contents of any Linked Sites, including the accuracy or availability of information provided by Linked Sites, and make no representations or warranties regarding the Linked Sites or your use of them.

  • Disclosure to Third Parties The Company shall have the right to disclose to third parties, in whatever manner the Company may determine, the fact that this Agreement has been executed, the names of the parties to this Agreement and the terms hereof.