Mecklenburg North Carolina Securityholders Agreement between GST Telecommunications, Inc. and Ocean Horizon, SRL

• Category: Corporations - Public
• State: Multi-State
• County: Mecklenburg
• 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. Mecklenburg North Carolina Security holders Agreement is a legally binding contract between GST Telecommunications, Inc. and Ocean Horizon, NRL that outlines the rights and responsibilities of both parties in relation to their security holdings. This agreement is crucial for ensuring transparency, protecting the interests of the security holders, and maintaining a harmonious business relationship. Key provisions in the Mecklenburg North Carolina Security holders Agreement include: 1. Security holder Rights and Obligations: This section outlines the specific rights and obligations of both GST Telecommunications, Inc. and Ocean Horizon, NRL as security holders, including their voting rights, dividend entitlements, information disclosure requirements, and restrictions on transferring securities. 2. Governance and Decision-Making: The agreement stipulates the governance structure and decision-making processes, such as the appointment of board members, the frequency and procedures of meetings, and the mechanisms for resolving disputes or deadlock situations. 3. Shareholder Consent: It sets forth the procedures for obtaining shareholder consent on major corporate transactions, such as mergers, acquisitions, or the issuance of additional securities. This ensures that the interests of both parties are considered before such transactions are finalized. 4. Transfer of Securities: This section governs the transferability of securities and imposes restrictions or requirements on the sale or transfer of securities between the parties or to third parties. Transfer restrictions may include limitations on the sale of securities without prior approval or a right of first refusal. 5. Confidentiality and Non-Disclosure: To protect sensitive business information, the agreement includes provisions that require both parties to maintain the confidentiality of any proprietary or confidential information shared during the course of their relationship. 6. Termination and Remedies: This section outlines the conditions under which the agreement may be terminated and the rights and remedies available to both parties in case of a breach. It also includes provisions for dispute resolution, such as arbitration or mediation. Different types of Mecklenburg North Carolina Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL may include variations depending on the specific terms agreed upon by both parties. For example, there may be agreements tailored for different rounds of fundraising or additional agreements addressing specific rights or privileges granted to certain classes of security holders. However, the key provisions mentioned above are generally included in all types of Security holders Agreements to ensure the effective management of their security holdings and protect the interests of all parties involved.

Mecklenburg North Carolina Security holders Agreement is a legally binding contract between GST Telecommunications, Inc. and Ocean Horizon, NRL that outlines the rights and responsibilities of both parties in relation to their security holdings. This agreement is crucial for ensuring transparency, protecting the interests of the security holders, and maintaining a harmonious business relationship. Key provisions in the Mecklenburg North Carolina Security holders Agreement include: 1. Security holder Rights and Obligations: This section outlines the specific rights and obligations of both GST Telecommunications, Inc. and Ocean Horizon, NRL as security holders, including their voting rights, dividend entitlements, information disclosure requirements, and restrictions on transferring securities. 2. Governance and Decision-Making: The agreement stipulates the governance structure and decision-making processes, such as the appointment of board members, the frequency and procedures of meetings, and the mechanisms for resolving disputes or deadlock situations. 3. Shareholder Consent: It sets forth the procedures for obtaining shareholder consent on major corporate transactions, such as mergers, acquisitions, or the issuance of additional securities. This ensures that the interests of both parties are considered before such transactions are finalized. 4. Transfer of Securities: This section governs the transferability of securities and imposes restrictions or requirements on the sale or transfer of securities between the parties or to third parties. Transfer restrictions may include limitations on the sale of securities without prior approval or a right of first refusal. 5. Confidentiality and Non-Disclosure: To protect sensitive business information, the agreement includes provisions that require both parties to maintain the confidentiality of any proprietary or confidential information shared during the course of their relationship. 6. Termination and Remedies: This section outlines the conditions under which the agreement may be terminated and the rights and remedies available to both parties in case of a breach. It also includes provisions for dispute resolution, such as arbitration or mediation. Different types of Mecklenburg North Carolina Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL may include variations depending on the specific terms agreed upon by both parties. For example, there may be agreements tailored for different rounds of fundraising or additional agreements addressing specific rights or privileges granted to certain classes of security holders. However, the key provisions mentioned above are generally included in all types of Security holders Agreements to ensure the effective management of their security holdings and protect the interests of all parties involved.