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

• Category: Corporations - Public
• State: Multi-State
• City: Houston
• 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. The Houston Texas Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL is a legally binding document that outlines the rights, responsibilities, and obligations of both parties involved. This agreement is specifically tailored to address the interests and concerns related to the security holding relationship between the two entities. Key elements of the Houston Texas Security holders Agreement may include the following: 1. Definitions: The agreement starts by clearly defining the terms used throughout the document to ensure mutual understanding between GST Telecommunications, Inc. and Ocean Horizon, NRL. 2. Purpose: The agreement outlines the purpose for which the security holders agreement is being established. This may include provisions regarding capital raising, ownership rights, and operational decision-making. 3. Parties' Obligations: It establishes the obligations and duties of both GST Telecommunications, Inc. and Ocean Horizon, NRL. This can include requirements related to providing financial statements, consent for specific actions, and the exchange of confidential information. 4. Ownership Rights: The agreement outlines the rights associated with ownership of shares or securities. It may include provisions regarding dividend entitlements, voting rights, transferability of shares, and buy-back options. 5. Governance and Decision-making: The agreement defines the governance structure and decision-making processes between the parties. This may include provisions for board representation, voting thresholds, appointment of key executives, and dispute resolution mechanisms. 6. Restrictions on Transfers: It may include clauses specifying any restrictions on transferring shares or securities to third parties. These restrictions could require prior consent from the other party, compliance with applicable laws, or the provision of first refusal rights. 7. Confidentiality: The agreement may contain provisions regarding the protection of confidential information shared by both parties during the course of their security holding arrangement. 8. Termination or Amendment: The agreement sets out the circumstances under which the agreement can be terminated or amended. These provisions ensure that both parties have the ability to make changes to the agreement in a mutually agreed upon manner. It is important to note that the specific terms and provisions of the Houston Texas Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL may vary depending on the particularities of their relationship and the mutual agreements reached between the parties. There may be different types of security holders agreements based on their specific requirements and desired outcomes, such as preferred stock agreements, convertible note agreements, or subscription agreements.

The Houston Texas Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL is a legally binding document that outlines the rights, responsibilities, and obligations of both parties involved. This agreement is specifically tailored to address the interests and concerns related to the security holding relationship between the two entities. Key elements of the Houston Texas Security holders Agreement may include the following: 1. Definitions: The agreement starts by clearly defining the terms used throughout the document to ensure mutual understanding between GST Telecommunications, Inc. and Ocean Horizon, NRL. 2. Purpose: The agreement outlines the purpose for which the security holders agreement is being established. This may include provisions regarding capital raising, ownership rights, and operational decision-making. 3. Parties' Obligations: It establishes the obligations and duties of both GST Telecommunications, Inc. and Ocean Horizon, NRL. This can include requirements related to providing financial statements, consent for specific actions, and the exchange of confidential information. 4. Ownership Rights: The agreement outlines the rights associated with ownership of shares or securities. It may include provisions regarding dividend entitlements, voting rights, transferability of shares, and buy-back options. 5. Governance and Decision-making: The agreement defines the governance structure and decision-making processes between the parties. This may include provisions for board representation, voting thresholds, appointment of key executives, and dispute resolution mechanisms. 6. Restrictions on Transfers: It may include clauses specifying any restrictions on transferring shares or securities to third parties. These restrictions could require prior consent from the other party, compliance with applicable laws, or the provision of first refusal rights. 7. Confidentiality: The agreement may contain provisions regarding the protection of confidential information shared by both parties during the course of their security holding arrangement. 8. Termination or Amendment: The agreement sets out the circumstances under which the agreement can be terminated or amended. These provisions ensure that both parties have the ability to make changes to the agreement in a mutually agreed upon manner. It is important to note that the specific terms and provisions of the Houston Texas Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL may vary depending on the particularities of their relationship and the mutual agreements reached between the parties. There may be different types of security holders agreements based on their specific requirements and desired outcomes, such as preferred stock agreements, convertible note agreements, or subscription agreements.