Applicable Holders definition
Examples of Applicable Holders in a sentence
This Agreement shall inure to the benefit of and be binding upon the successors, assigns and transferees of each Initial Purchaser, including, without limitation and without the need for an express assignment, subsequent Applicable Holders; provided, however, that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture.
If Parent discontinues the prosecution or advancement of such matter, Parent shall, to the extent permissible under applicable Law, assign the rights of Parent or the Surviving Corporation in and to such matter to the Representative, to possess and manage on behalf of all Applicable Holders.
In no event will the Representative be required to advance his own funds on behalf of the Applicable Holders or otherwise.
The Majority Holder Designee, or if there is no Majority Holder Designee, the Applicable Holders will be permitted to retain, for the account of the Company, the services of a consultant to monitor the Company’s or the applicable Material Subsidiary’s compliance with this Section 7.
Any calculation of the Make-Whole Amount pursuant to the Indenture shall be provided to the Majority Holder Designee and confirmed by the Majority Holder Designee or, in each instance, if there is no Majority Holder Designee, by the Applicable Holders.