Chicago Illinois Shareholders Agreement

• Category: Corporations - Public
• State: Multi-State
• City: Chicago
• Control #: US-EG-9267
• Format: Word; Rich Text

Description

Shareholders Agreement between Carlyle entities, Iaxis BV, Carrier1 International S.A., Providence Equity Partners, III, LP and Hubco SA regarding the desire to develop, own and operate the company business dated November 23, 1999. 56 pages. Chicago, Illinois Shareholders Agreement is a legal document that outlines the rights, responsibilities, and obligations of shareholders in a company based in Chicago, Illinois. This agreement serves as a contract between the shareholders and establishes the guidelines for governing the relationship between them and the company. Keywords: Chicago, Illinois, Shareholders Agreement, legal document, rights, responsibilities, obligations, shareholders, company, contract, guidelines, relationship. There are several types of Chicago, Illinois Shareholders Agreements, which can vary based on the specific needs and circumstances of the company. Some common types include: 1. Voting Agreement: This type of agreement specifies the voting rights and procedures among shareholders, including the process for electing directors and making important decisions within the company. 2. Buy-Sell Agreement: This agreement regulates the transferability of shares among shareholders and establishes the mechanisms for buying or selling shares in certain situations, such as death, disability, or retirement of a shareholder. 3. Drag-Along Agreement: A drag-along agreement allows a majority shareholder to compel minority shareholders to sell their shares in the event of a sale or merger of the company. This ensures a smooth transaction by enabling the majority shareholder to offer the entire company for acquisition. 4. Tag-Along Agreement: Conversely, a tag-along agreement gives minority shareholders the right to participate in a sale of the company. If a majority shareholder receives an offer to purchase their shares, this agreement ensures that minority shareholders also have the opportunity to sell their shares on the same terms and conditions. 5. Anti-Dilution Agreement: An anti-dilution agreement protects shareholders from dilution of their ownership percentage in the event of additional share issuance by the company. This agreement typically grants existing shareholders the right to purchase new shares to maintain their ownership percentage. 6. Share Restrictions Agreement: This type of agreement imposes restrictions on share transfers, such as requiring shareholders to offer their shares first to existing shareholders before selling to outsiders. It can also include provisions for the company's right of first refusal in case of share transfers. In summary, Chicago, Illinois Shareholders Agreement is a comprehensive legal document that defines the rights and obligations of shareholders in a company based in Chicago, Illinois. It plays a crucial role in governing the relationship between shareholders and ensures a fair and transparent operation of the company. The different types of Shareholders Agreements in Chicago, Illinois cater to the specific needs and circumstances of the company and provide a framework for various shareholder-related matters.

Chicago, Illinois Shareholders Agreement is a legal document that outlines the rights, responsibilities, and obligations of shareholders in a company based in Chicago, Illinois. This agreement serves as a contract between the shareholders and establishes the guidelines for governing the relationship between them and the company. Keywords: Chicago, Illinois, Shareholders Agreement, legal document, rights, responsibilities, obligations, shareholders, company, contract, guidelines, relationship. There are several types of Chicago, Illinois Shareholders Agreements, which can vary based on the specific needs and circumstances of the company. Some common types include: 1. Voting Agreement: This type of agreement specifies the voting rights and procedures among shareholders, including the process for electing directors and making important decisions within the company. 2. Buy-Sell Agreement: This agreement regulates the transferability of shares among shareholders and establishes the mechanisms for buying or selling shares in certain situations, such as death, disability, or retirement of a shareholder. 3. Drag-Along Agreement: A drag-along agreement allows a majority shareholder to compel minority shareholders to sell their shares in the event of a sale or merger of the company. This ensures a smooth transaction by enabling the majority shareholder to offer the entire company for acquisition. 4. Tag-Along Agreement: Conversely, a tag-along agreement gives minority shareholders the right to participate in a sale of the company. If a majority shareholder receives an offer to purchase their shares, this agreement ensures that minority shareholders also have the opportunity to sell their shares on the same terms and conditions. 5. Anti-Dilution Agreement: An anti-dilution agreement protects shareholders from dilution of their ownership percentage in the event of additional share issuance by the company. This agreement typically grants existing shareholders the right to purchase new shares to maintain their ownership percentage. 6. Share Restrictions Agreement: This type of agreement imposes restrictions on share transfers, such as requiring shareholders to offer their shares first to existing shareholders before selling to outsiders. It can also include provisions for the company's right of first refusal in case of share transfers. In summary, Chicago, Illinois Shareholders Agreement is a comprehensive legal document that defines the rights and obligations of shareholders in a company based in Chicago, Illinois. It plays a crucial role in governing the relationship between shareholders and ensures a fair and transparent operation of the company. The different types of Shareholders Agreements in Chicago, Illinois cater to the specific needs and circumstances of the company and provide a framework for various shareholder-related matters.