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

• Category: Corporations - Public
• State: Multi-State
• County: Harris
• 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 Harris Texas Security holders Agreement is a legally-binding document that outlines the rights and obligations of security holders, specifically between GST Telecommunications, Inc. and Ocean Horizon, NRL. The agreement serves as a protective measure for both parties involved in a partnership or investment transaction by establishing certain terms and conditions. It enables a clear understanding of the rights and responsibilities of each security holder and ensures a fair and transparent relationship between GST Telecommunications, Inc. and Ocean Horizon, NRL. Key provisions within the agreement may include: 1. Ownership and Transfer: This section stipulates the ownership rights of the security holders and outlines the process for transferring shares or other securities. It may also outline any preemptive rights that exist for the parties involved. 2. Voting Rights: The agreement will clarify the voting rights of the security holders, including how decisions are made, the number of votes each party possesses, and the quorum required for valid decision-making. 3. Dividends and Distributions: This section details how dividends and distributions will be allocated and distributed among the security holders. It may also address any preferential treatment or limitations based on the type or class of security held. 4. Information Rights: The agreement will outline the obligation to provide regular financial and operational updates to the security holders. It may specify the frequency, level of detail, and method of communication for such reporting. 5. Confidentiality and Non-Disclosure: This provision ensures that all confidential information shared between the parties remains protected and may include restrictions on sharing sensitive information with third parties. 6. Dispute Resolution: In the event of a disagreement or dispute, the agreement establishes the method for resolution, such as arbitration or mediation, to minimize the potential for costly litigation. 7. Termination and Exit Strategies: This section provides guidance on how the agreement can be terminated by either party and outlines the process for liquidation or disposal of assets, if necessary. Types of Harris Texas Security holders Agreements: 1. Common Shareholders Agreement: This type of agreement specifically addresses the rights and responsibilities of common shareholders in the relationship between GST Telecommunications, Inc. and Ocean Horizon, NRL. 2. Preferred Shareholders Agreement: This agreement would be applicable if Ocean Horizon, NRL holds preferred shares, which typically come with different rights or privileges compared to common shares. It would cover the specific terms and conditions related to preferred stock ownership. By incorporating these crucial keywords into the description, it enhances the relevance of the content for readers searching for information on Harris Texas Security holders Agreements between GST Telecommunications, Inc. and Ocean Horizon, NRL.

A Harris Texas Security holders Agreement is a legally-binding document that outlines the rights and obligations of security holders, specifically between GST Telecommunications, Inc. and Ocean Horizon, NRL. The agreement serves as a protective measure for both parties involved in a partnership or investment transaction by establishing certain terms and conditions. It enables a clear understanding of the rights and responsibilities of each security holder and ensures a fair and transparent relationship between GST Telecommunications, Inc. and Ocean Horizon, NRL. Key provisions within the agreement may include: 1. Ownership and Transfer: This section stipulates the ownership rights of the security holders and outlines the process for transferring shares or other securities. It may also outline any preemptive rights that exist for the parties involved. 2. Voting Rights: The agreement will clarify the voting rights of the security holders, including how decisions are made, the number of votes each party possesses, and the quorum required for valid decision-making. 3. Dividends and Distributions: This section details how dividends and distributions will be allocated and distributed among the security holders. It may also address any preferential treatment or limitations based on the type or class of security held. 4. Information Rights: The agreement will outline the obligation to provide regular financial and operational updates to the security holders. It may specify the frequency, level of detail, and method of communication for such reporting. 5. Confidentiality and Non-Disclosure: This provision ensures that all confidential information shared between the parties remains protected and may include restrictions on sharing sensitive information with third parties. 6. Dispute Resolution: In the event of a disagreement or dispute, the agreement establishes the method for resolution, such as arbitration or mediation, to minimize the potential for costly litigation. 7. Termination and Exit Strategies: This section provides guidance on how the agreement can be terminated by either party and outlines the process for liquidation or disposal of assets, if necessary. Types of Harris Texas Security holders Agreements: 1. Common Shareholders Agreement: This type of agreement specifically addresses the rights and responsibilities of common shareholders in the relationship between GST Telecommunications, Inc. and Ocean Horizon, NRL. 2. Preferred Shareholders Agreement: This agreement would be applicable if Ocean Horizon, NRL holds preferred shares, which typically come with different rights or privileges compared to common shares. It would cover the specific terms and conditions related to preferred stock ownership. By incorporating these crucial keywords into the description, it enhances the relevance of the content for readers searching for information on Harris Texas Security holders Agreements between GST Telecommunications, Inc. and Ocean Horizon, NRL.