Reserved matters’ provisions—shareholders’ agreement—private equity or venture capital

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Reserved matters’ provisions—shareholders’ agreement—private equity or venture capital

Reserved matters’ provisions—shareholders’ agreement—private equity or venture capital

Insert the following as new definitions (if not already included) in the subscription and shareholders’ agreement or investment agreement of the relevant company:

Annual Budget

  1. means the annual operating budget adopted under clause [insert number of clause in subscription and shareholders’ agreement/investment agreement dealing with the adoption of the company’s budget];

A Ordinary Shares

  1. means the A ordinary shares of [insert amount]p each in the capital of the Company;

[Financing Documents

  1. means the facilities agreement to be entered into on the same date as this Agreement between the [Company OR [insert the name of the company in the investee group party to the financing arrangements, eg newco 1, newco 2 etc]] and [insert name of bank] together with the [list other financing documents, such as security and intercreditor documentation] in the agreed form, as amended, supplemented, novated or replaced from time to time;]

Investor Consent or Investor Direction

  1. means the giving of a written consent or direction by the [Lead Investor or, if there is no such Lead Investor at the relevant time,] holders of not less than [75]% in nominal value of the A Ordinary Shares in issue from time to time[, provided that for so long as there is an Investor Director, any such consent or direction required or permitted to be given under this Agreement shall be validly

Popular documents