California Securityholders Agreement between GST Telecommunications, Inc. and Ocean Horizon, SRL

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9425
• Format: Word; Rich Text

Description

Securityholders Agreement between GST Telecommunications, Inc. and Ocean Horizon, SRL dated February 28, 1997. 24 pages. Title: California Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL Keywords: California, Security holders Agreement, GST Telecommunications, Inc., Ocean Horizon, NRL Introduction: The California Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL is a legally binding document that outlines the terms and conditions governing the relationship between these two entities as security holders. This agreement serves to protect the interests of both parties involved, ensuring a transparent and mutually beneficial agreement. Types of California Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL: 1. General California Security holders Agreement: This type of agreement establishes the general obligations and responsibilities of GST Telecommunications, Inc. and Ocean Horizon, NRL as security holders, setting forth the terms related to the holding, transfer, and management of securities in California. 2. Convertible California Security holders Agreement: In cases where GST Telecommunications, Inc. and Ocean Horizon, NRL hold convertible securities, this agreement will specifically address the conversion guidelines, including conversion prices, conditions, and any restrictions that may apply during the conversion process. 3. Preferred Stock California Security holders Agreement: If either GST Telecommunications, Inc. or Ocean Horizon, NRL holds preferred stock, this agreement will focus on the rights and privileges associated with the ownership of such shares in California. It will outline dividend preferences, liquidation preferences, voting rights, and other relevant terms specific to preferred stock ownership. 4. Restrictive California Security holders Agreement: In instances where GST Telecommunications, Inc. and Ocean Horizon, NRL have agreed upon certain restrictions for the securities, such as lock-up periods or limitations on transferability, this agreement will outline those specific terms. It ensures compliance and adherence to these restrictions during the agreed-upon period. Components of California Security holders Agreement: 1. Definitions and Interpretations: This section provides a clear understanding of the terms used throughout the agreement, ensuring both parties are on the same page regarding terminology and definitions. 2. Securities Ownership: This section outlines the types and classes of securities held by each party, including common stock, preferred stock, or convertible securities. It also defines the ownership percentages of each party, if applicable. 3. Rights and Obligations: This section emphasizes the rights and obligations of both GST Telecommunications, Inc. and Ocean Horizon, NRL as security holders. It covers factors such as voting rights, information sharing, access to financials, and other relevant responsibilities. 4. Transfer of Securities: This clause discusses the rules and regulations governing the transfer of securities between the parties. It outlines the procedures, restrictions, and potential consent requirements to ensure a smooth and legal transfer process. 5. Confidentiality and Non-Disclosure: This section establishes the confidentiality obligations of both parties, ensuring that any sensitive information shared during the course of this agreement remains confidential and protected. Conclusion: The California Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL is a crucial legal document that governs the rights, obligations, and restrictions associated with security ownership. By clearly defining the terms and conditions, this agreement safeguards the interests of both parties while fostering transparency and cooperation in California.

Title: California Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL Keywords: California, Security holders Agreement, GST Telecommunications, Inc., Ocean Horizon, NRL Introduction: The California Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL is a legally binding document that outlines the terms and conditions governing the relationship between these two entities as security holders. This agreement serves to protect the interests of both parties involved, ensuring a transparent and mutually beneficial agreement. Types of California Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL: 1. General California Security holders Agreement: This type of agreement establishes the general obligations and responsibilities of GST Telecommunications, Inc. and Ocean Horizon, NRL as security holders, setting forth the terms related to the holding, transfer, and management of securities in California. 2. Convertible California Security holders Agreement: In cases where GST Telecommunications, Inc. and Ocean Horizon, NRL hold convertible securities, this agreement will specifically address the conversion guidelines, including conversion prices, conditions, and any restrictions that may apply during the conversion process. 3. Preferred Stock California Security holders Agreement: If either GST Telecommunications, Inc. or Ocean Horizon, NRL holds preferred stock, this agreement will focus on the rights and privileges associated with the ownership of such shares in California. It will outline dividend preferences, liquidation preferences, voting rights, and other relevant terms specific to preferred stock ownership. 4. Restrictive California Security holders Agreement: In instances where GST Telecommunications, Inc. and Ocean Horizon, NRL have agreed upon certain restrictions for the securities, such as lock-up periods or limitations on transferability, this agreement will outline those specific terms. It ensures compliance and adherence to these restrictions during the agreed-upon period. Components of California Security holders Agreement: 1. Definitions and Interpretations: This section provides a clear understanding of the terms used throughout the agreement, ensuring both parties are on the same page regarding terminology and definitions. 2. Securities Ownership: This section outlines the types and classes of securities held by each party, including common stock, preferred stock, or convertible securities. It also defines the ownership percentages of each party, if applicable. 3. Rights and Obligations: This section emphasizes the rights and obligations of both GST Telecommunications, Inc. and Ocean Horizon, NRL as security holders. It covers factors such as voting rights, information sharing, access to financials, and other relevant responsibilities. 4. Transfer of Securities: This clause discusses the rules and regulations governing the transfer of securities between the parties. It outlines the procedures, restrictions, and potential consent requirements to ensure a smooth and legal transfer process. 5. Confidentiality and Non-Disclosure: This section establishes the confidentiality obligations of both parties, ensuring that any sensitive information shared during the course of this agreement remains confidential and protected. Conclusion: The California Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL is a crucial legal document that governs the rights, obligations, and restrictions associated with security ownership. By clearly defining the terms and conditions, this agreement safeguards the interests of both parties while fostering transparency and cooperation in California.