MANAGEMENT AND INFORMATION RIGHTS Sample Clauses

MANAGEMENT AND INFORMATION RIGHTS. 7.1 Delivery of Financial Statements 13 7.2 Inspection Rights 14 7.3 Termination of Information Rights 14 7.4 Confidentiality 14

MANAGEMENT AND INFORMATION RIGHTS. The management rights under Section 1 of this Agreement and information rights under Section 2.8(c) of this Agreement may be assigned by First Reserve to another FRC Affiliate, but may not otherwise be assigned.

MANAGEMENT AND INFORMATION RIGHTS. 7.1. So long as the HPGIF holds any share in the Startup, the Startup shall deliver to the HPGIF the following information: 7.1.1. Audited annual financial statements. 7.1.2. Unaudited Quarterly (and year-to-date) financial statements including an income statement, a statement of cash flow and a balance sheet. 7.1.3. Monthly profitability and cash flow statement. 7.1.4. Copy of board pack as circulated to the Directors of the Startup 7.2. The Startup shall intimate the HPGIF in writing, about any event at least 7 days prior to occurrence of such events. 7.3. The Startup shall keep the HPGIF informed in writing about all material changes, information and events (including but not limited to any information related to future rounds of funding). If the Startup fails to keep HPGIF informed about the material information, then the Startup shall fully indemnify the HPGIF to its satisfaction against all losses, deficits, damages and claims in the manner as required by the HPGIF.

MANAGEMENT AND INFORMATION RIGHTS. Until the later time of two years from the closing of a Financing or such time as the Issuer's revenues are sufficient to fund the Issuer's operations the Investor will be granted access to Company facilities and personnel during normal business hours and with reasonable advance notification. The Issuer will deliver to the Investor (i) annual, quarterly, and, to the extent readily available, monthly financial statements, and other information as determined by the Board; (ii) thirty days prior to the end of each fiscal year, a comprehensive operating budget forecasting the Issuer's revenues, expenses, and cash position on a month-to-month basis for the upcoming fiscal year; and (iii) promptly following the end of each quarter an up-to-date capitalization table, certified by the CFO.

MANAGEMENT AND INFORMATION RIGHTS. 7.1. So long as the SIFSU holds any share in the Startup, the Startup shall deliver to the SIFSU the following information: 7.1.1. Audited annual financial statements. 7.1.2. Unaudited Quarterly (and year-to-date) financial statements including an income statement, a statement of cash flow and a balance sheet. 7.1.3. Monthly profitability and cash flow statement. 7.1.4. Copy of board pack as circulated to the Directors of the Startup 7.2. The Startup shall intimate the SIFSU in writing, about any event at least 7 days prior to occurrence of such events. 7.3. The Startup shall keep the SIFSU informed in writing about all material changes, information and events (including but not limited to any information related to future rounds of funding). If the Startup fails to keep SIFSU informed about the material information, then the Startup shall fully indemnify the SIFSU to its satisfaction against all losses, deficits, damages and claims in the manner as required by the SIFSU.

MANAGEMENT AND INFORMATION RIGHTS. The Investors will be granted access to Company facilities and personnel during normal business hours and with reasonable advance notification. The Company will promptly deliver to the Investors annual and quarterly financial statements, and other information as reasonably requested by such Investor if the Investor is subject to a customary Confidentiality Agreement containing a standstill provision. MNB shall have the right, in its sole discretion, to appoint one member or other representative to observe operations or actively participate on the management team for so long as MNB owns 20% or more of the Company’s outstanding Common Stock. Any compensation for that member will be contingent on the Company’s financial capability at that time and the Company shall use its best efforts to provide appropriate compensation to such person with the amount of such compensation to be determined by the Board based on its assessment of the value of the person’s contribution to the Company.

MANAGEMENT AND INFORMATION RIGHTS. 7.1. So long as the CURAJ-IF holds any share in the Startup, the Startup shall deliver to the CURAJ-IF the following information: 7.1.1. Audited annual financial statements. 7.1.2. Unaudited Quarterly (and year-to-date) financial statements including an income statement, a statement of cash flow and a balance sheet. 7.1.3. Monthly profitability and cash flow statement. 7.1.4. Copy of board pack as circulated to the Directors of the Startup 7.2. The Startup shall intimate the CURAJ-IF in writing, about any event at least 7 days prior to occurrence of such events. 7.3. The Startup shall keep the CURAJ-IF informed in writing about all material changes, information and events (including but not limited to any information related to future rounds of funding). If the Startup fails to keep CURAJ-IF informed about the material information, then the Startup shall fully indemnify the CURAJ-IF to its satisfaction against all losses, deficits, damages and claims in the manner as required by the CURAJ-IF.

MANAGEMENT AND INFORMATION RIGHTS. As of the date hereof, the Company shall cause Seitel to enter into a letter agreement with the Centerbridge Fund and ValueAct Capital in substantially the form attached hereto as Exhibit B, which shall provide the Centerbridge Fund and ValueAct Capital with substantially identical rights with respect to Seitel, Inc. as the Centerbridge Fund and ValueAct Capital have with respect to the Company pursuant to Sections 2.1 and 3.1 hereof. The parties acknowledge and agree that the rights provided to the Centerbridge Fund pursuant to Sections 2.1, 3.1 and this Section 3.7 are intended to satisfy the requirement of management rights for purposes of qualifying the Investment by the Centerbridge Fund as a "venture capital investment" for purposes of the Department of Labor "plan assets" regulation, 29 C.F.R. Section 2510.3-101. In the event modifications are made to such regulations or interpretations thereof subsequent to the date hereof that would result in the aforementioned rights not being satisfactory for such purposes, the parties shall evaluate in good faith whether modification of the rights provided to the Centerbridge Fund can be made that would satisfy such regulations as modified and that would not adversely affect the terms, conditions or purposes of this Agreement.

MANAGEMENT AND INFORMATION RIGHTS. 7.1. So long as the IIML-EIC holds any share in the Company, the Company shall deliver to the IIML- EIC the following information: 7.1.1 Audited annual financial statements within 6 months from the end of each financial year. 7.1.2 Unaudited Quarterly (and year-to-date) financial statements including an income statement, a statement of cash flow and a balance sheet within 30 days from the end of each quarter 7.1.3 Monthly profitability and cash flow statement within 15 days from end of each month 7.1.4 Copy of board pack as circulated to the Directors of the Company 7.1.5 Such other information as may specifically be asked by IIML-EIC which will be provided by the Incubatee within 15 days from the date of request made for such information or within such extended period as may be mutually agreed. 7.2. The Company shall intimate the IIML-EIC in writing, about any event at least 7 days prior to occurrence of such events. 7.3. The Company shall keep the IIML-EIC informed in writing about all material changes, information and events (including but not limited to any information related to future rounds of funding). If the Company fails to keep IIML-EIC informed about the material information, then the Company shall fully indemnify the IIML-EIC to its satisfaction against all losses, deficits, damages and claims in the manner as required by the IIML-EIC.

MANAGEMENT AND INFORMATION RIGHTS. Seitel and the Centerbridge Fund are parties to the letter agreement attached hereto as Exhibit B, which provides the Centerbridge Fund with substantially identical rights with respect to Seitel, Inc. as the Centerbridge Fund has with respect to the Company pursuant to Sections 2.1 and 3.1 hereof. The parties acknowledge and agree that the rights provided to the Centerbridge Fund pursuant to Sections 2.1, 3.1 and this Section 3.7 are intended to satisfy the requirement of management rights for purposes of qualifying the Investment by the Centerbridge Fund as a “venture capital investment” for purposes of the Department of Labor “plan assets” regulation, 29 C.F.R. § 2510.3-101. In the event modifications are made to such regulations or interpretations thereof subsequent to the date hereof that would result in the aforementioned rights not being satisfactory for such purposes, the parties shall evaluate in good faith whether modification of the rights provided to the Centerbridge Fund can be made that would satisfy such regulations as modified and that would not adversely affect the terms, conditions or purposes of this Agreement.