South Dakota 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. A South Dakota Security holders Agreement is a legally binding contract between GST Telecommunications, Inc. (referred to as "GST") and Ocean Horizon, NRL (referred to as "Ocean Horizon") that outlines the rights and obligations of both companies regarding their ownership interests in a specific company or entity. This agreement is designed to protect the rights of security holders, such as shareholders or bondholders, and ensure transparency, fairness, and compliance with applicable laws and regulations. It covers various aspects related to the ownership, transfer, and management of securities issued by the company in question. The South Dakota Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL may include the following key provisions: 1. Ownership Interest: This section describes the type and number of securities held by each party, such as shares, stock options, or convertible bonds. It clarifies the percentage of ownership and any restrictions on transferring or pledging these securities. 2. Voting Rights: The agreement outlines the voting rights attached to the securities held by GST and Ocean Horizon. It defines the procedure for exercising these rights, including any quorum requirements or limitations on voting. 3. Information Rights: Both parties are granted specific rights to access information about the company issuing the securities. This may include financial reports, annual statements, and any other relevant information necessary for making informed decisions. 4. Dividends and Distributions: The agreement establishes how dividends or other distributions will be allocated among the security holders. It can address the timing of payments, preferential treatment, or restrictions on distribution. 5. Transfer Restrictions: To preserve the stability and control of the company, the agreement may include limitations on transferring or selling securities to outside parties. This could involve rights of first refusal, tag-along rights, or preemptive rights. 6. Board Representation: In cases where the ownership interest reaches a certain threshold, the agreement may grant the right for GST and Ocean Horizon to appoint a representative to the board of directors. This ensures their interests are adequately represented in the decision-making process. 7. Termination and Expiration: The agreement might specify the events or circumstances that would lead to the termination or expiration of the agreement. This can include bankruptcy, violation of agreed terms, or mutual agreement between the parties. Different types of South Dakota Security holders Agreements between GST Telecommunications, Inc. and Ocean Horizon, NRL may exist depending on the specific circumstances, such as the nature of the company, the size of the investment, or the industry involved. These agreements could be tailored to address unique requirements or risks associated with different projects, thereby providing a more detailed and specific framework for the relationship between the parties involved.

A South Dakota Security holders Agreement is a legally binding contract between GST Telecommunications, Inc. (referred to as "GST") and Ocean Horizon, NRL (referred to as "Ocean Horizon") that outlines the rights and obligations of both companies regarding their ownership interests in a specific company or entity. This agreement is designed to protect the rights of security holders, such as shareholders or bondholders, and ensure transparency, fairness, and compliance with applicable laws and regulations. It covers various aspects related to the ownership, transfer, and management of securities issued by the company in question. The South Dakota Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL may include the following key provisions: 1. Ownership Interest: This section describes the type and number of securities held by each party, such as shares, stock options, or convertible bonds. It clarifies the percentage of ownership and any restrictions on transferring or pledging these securities. 2. Voting Rights: The agreement outlines the voting rights attached to the securities held by GST and Ocean Horizon. It defines the procedure for exercising these rights, including any quorum requirements or limitations on voting. 3. Information Rights: Both parties are granted specific rights to access information about the company issuing the securities. This may include financial reports, annual statements, and any other relevant information necessary for making informed decisions. 4. Dividends and Distributions: The agreement establishes how dividends or other distributions will be allocated among the security holders. It can address the timing of payments, preferential treatment, or restrictions on distribution. 5. Transfer Restrictions: To preserve the stability and control of the company, the agreement may include limitations on transferring or selling securities to outside parties. This could involve rights of first refusal, tag-along rights, or preemptive rights. 6. Board Representation: In cases where the ownership interest reaches a certain threshold, the agreement may grant the right for GST and Ocean Horizon to appoint a representative to the board of directors. This ensures their interests are adequately represented in the decision-making process. 7. Termination and Expiration: The agreement might specify the events or circumstances that would lead to the termination or expiration of the agreement. This can include bankruptcy, violation of agreed terms, or mutual agreement between the parties. Different types of South Dakota Security holders Agreements between GST Telecommunications, Inc. and Ocean Horizon, NRL may exist depending on the specific circumstances, such as the nature of the company, the size of the investment, or the industry involved. These agreements could be tailored to address unique requirements or risks associated with different projects, thereby providing a more detailed and specific framework for the relationship between the parties involved.