All Templates
Voting undertaking
💴 Voting undertaking
Binding Irrevocable Undertaking Agreement (Rights Issue, or Secondary Issue)
Binding Irrevocable Undertaking Agreement (Rights Issue, or Secondary Issue)
Publisher one
Genie AISource file
binding_irrevocable_undertaking_agreement_(rights_issue,_or_secondary_issue)_template.docxJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💴 Voting undertakingBusiness activity
Voting undertakingThe legal template for a Binding Irrevocable Undertaking Agreement (Rights Issue, or Secondary Issue) under UK law serves as a legally binding document that outlines the terms and conditions between a company seeking to carry out a rights issue or secondary issue and the participating shareholders or investors.
In a rights issue, the company offers its existing shareholders the opportunity to purchase additional shares at a discounted price. This legal template would provide a framework for formalizing the commitments made between the company and the shareholders who have agreed to purchase the additional shares. It would outline the obligations of the company to issue the shares as agreed upon, while specifying the shareholders' commitment to purchase the allotted shares.
Alternatively, in a secondary issue, the company seeks to issue new shares to outside investors. This template would lay down the provisions for negotiating and finalizing such agreements with external shareholders or investors, incorporating their commitments to purchase the newly issued shares and the company's obligation to issue the shares accordingly.
The template could include clauses related to the quantity and price of shares, the time frame for exercising the rights or completing the purchase, payment terms, shareholder obligations, consequences of non-compliance, representations and warranties, termination provisions, dispute resolution mechanisms, and any other pertinent conditions as per the specific situation and applicable UK laws.
Overall, this legal template offers a comprehensive framework, specifically under UK law, for formalizing the commitments and obligations of both the company and the shareholders or investors involved in a rights issue or secondary issue scenario.
In a rights issue, the company offers its existing shareholders the opportunity to purchase additional shares at a discounted price. This legal template would provide a framework for formalizing the commitments made between the company and the shareholders who have agreed to purchase the additional shares. It would outline the obligations of the company to issue the shares as agreed upon, while specifying the shareholders' commitment to purchase the allotted shares.
Alternatively, in a secondary issue, the company seeks to issue new shares to outside investors. This template would lay down the provisions for negotiating and finalizing such agreements with external shareholders or investors, incorporating their commitments to purchase the newly issued shares and the company's obligation to issue the shares accordingly.
The template could include clauses related to the quantity and price of shares, the time frame for exercising the rights or completing the purchase, payment terms, shareholder obligations, consequences of non-compliance, representations and warranties, termination provisions, dispute resolution mechanisms, and any other pertinent conditions as per the specific situation and applicable UK laws.
Overall, this legal template offers a comprehensive framework, specifically under UK law, for formalizing the commitments and obligations of both the company and the shareholders or investors involved in a rights issue or secondary issue scenario.
How it works
Create doc / use template
Chat to our AI Legal Assistant
Edit, collaborate & share
Export to .docx
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Biometric Appointment Letter To Migrant Worker Applying To Stay In The UK (Skilled Worker)
The legal template titled "Biometric Appointment Letter To Migrant Worker Applying To Stay In The UK (Skilled Worker) under UK law" is a document that serves as an official communication between the UK Home Office and a migrant worker who has applied to reside in the United Kingdom under the Skilled Worker visa category.
This template is designed to inform the migrant worker about their biometric appointment, which is a crucial step in the application process. Biometrics typically include the collection of fingerprints, a digital photograph, and a digital signature. Biometric data is used for identity verification purposes and to create an official record for the applicant.
The letter outlines essential details such as the date, time, and location of the biometric appointment. It also provides instructions on the necessary documents and identification that the migrant worker must bring to the appointment. Additionally, the letter may include information about the importance of attending the appointment on time and the consequences of failing to do so.
This legal template aims to ensure that the migrant worker understands the significance of the biometric appointment and fulfills their obligations under UK law. It helps establish a clear line of communication between the applicant and the authorities while facilitating the necessary steps for the migrant worker to legally stay and work in the United Kingdom under the Skilled Worker visa category.
This template is designed to inform the migrant worker about their biometric appointment, which is a crucial step in the application process. Biometrics typically include the collection of fingerprints, a digital photograph, and a digital signature. Biometric data is used for identity verification purposes and to create an official record for the applicant.
The letter outlines essential details such as the date, time, and location of the biometric appointment. It also provides instructions on the necessary documents and identification that the migrant worker must bring to the appointment. Additionally, the letter may include information about the importance of attending the appointment on time and the consequences of failing to do so.
This legal template aims to ensure that the migrant worker understands the significance of the biometric appointment and fulfills their obligations under UK law. It helps establish a clear line of communication between the applicant and the authorities while facilitating the necessary steps for the migrant worker to legally stay and work in the United Kingdom under the Skilled Worker visa category.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
10
RATINGS
2
DISCUSSIONS
1
Post Approval Letter To Migrant Workers Applying To Enter The UK (Skilled Worker)
This legal template is a document designed to be sent as a Post Approval Letter to migrant workers who have successfully applied to enter the United Kingdom under the Skilled Worker visa category, in accordance with UK law. The purpose of this letter is to formally notify the migrant worker of their successful application and the subsequent approval to work in the UK under the Skilled Worker visa.
The content of this template may include important information such as the name and contact details of the migrant worker, the reference number assigned to their application, and the date of approval. It might also outline the conditions and restrictions associated with the Skilled Worker visa, such as the permitted duration of stay and any specific employment requirements they must adhere to.
In addition, this letter may include details on the necessary next steps to be taken by the migrant worker, such as collecting their visa documents, preparing for travel, and any requirements to report to relevant authorities upon arrival in the UK. Furthermore, this template may emphasize the migrant worker's responsibility to comply with all immigration and employment laws during their stay in the UK.
Overall, the Post Approval Letter serves as a formal notification provide assurance to migrant workers of their successful Skilled Worker visa application and the subsequent authorization to enter and work in the United Kingdom. It aims to provide clear guidance on the next steps and conditions associated with their visa, ensuring compliance with UK immigration laws and facilitating a smooth transition into their new employment.
The content of this template may include important information such as the name and contact details of the migrant worker, the reference number assigned to their application, and the date of approval. It might also outline the conditions and restrictions associated with the Skilled Worker visa, such as the permitted duration of stay and any specific employment requirements they must adhere to.
In addition, this letter may include details on the necessary next steps to be taken by the migrant worker, such as collecting their visa documents, preparing for travel, and any requirements to report to relevant authorities upon arrival in the UK. Furthermore, this template may emphasize the migrant worker's responsibility to comply with all immigration and employment laws during their stay in the UK.
Overall, the Post Approval Letter serves as a formal notification provide assurance to migrant workers of their successful Skilled Worker visa application and the subsequent authorization to enter and work in the United Kingdom. It aims to provide clear guidance on the next steps and conditions associated with their visa, ensuring compliance with UK immigration laws and facilitating a smooth transition into their new employment.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
7
RATINGS
2
DISCUSSIONS
0
Biometric Appointment Letter To Migrant Worker Applying To Enter The UK (Skilled Worker)
This legal template refers to a Biometric Appointment Letter that is specifically designed for a migrant worker applying to enter the United Kingdom under the Skilled Worker category, in accordance with UK law. Biometric data refers to unique physical characteristics such as fingerprints, facial features, or iris patterns, which are used for identification purposes. In this context, the letter acts as an official notification to the migrant worker, informing them about their scheduled biometric appointment. This appointment is crucial as it is during this session that the individual's biometric information will be collected, recorded, and stored securely for verification and identification purposes throughout the immigration process. The letter may contain information regarding the location, date, and time of the appointment, accompanied by instructions or requirements to assist the applicant in preparing for the appointment. Additionally, the letter may include important details about the applicant's application process, legal rights and responsibilities, as well as contact information for the relevant immigration authorities. Overall, the Biometric Appointment Letter is a standard legal document that aims to facilitate the smooth and lawful entry of skilled migrant workers into the UK by ensuring the accurate collection and proper handling of their biometric data in compliance with UK immigration regulations.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
12
RATINGS
3
DISCUSSIONS
1
