Ares Purchasers definition
Examples of Ares Purchasers in a sentence
Except as otherwise expressly provided herein or in any other Transaction Document, the Company will, in accordance with, and subject to any limitations described in, the Commitment Letters, reimburse the Ares Purchasers and the JPMCF Purchaser for each of their respective reasonable and documented expenses incurred in connection with this Agreement and the Transactions, including fees of counsel, financial advisors and accountants.
Subject to compliance with applicable Law, this Agreement may be amended or supplemented in any and all respects only by written agreement of the (i) Company, (ii) the Ares Purchasers holding a majority of the shares of Preferred Stock issued and outstanding on such date held by Ares Purchasers and (iii) the Providence Purchasers holding a majority of the shares of Preferred Stock issued and outstanding on such date held by Providence Purchasers.
All agreements of the Providence Purchasers are between the Providence Purchasers and the Company, and all agreements of the Ares Purchasers are between the Ares Purchasers and the Company.
So long as the Providence 25% Beneficial Holding Requirement is satisfied, with respect to the Providence Purchasers, and so long as the Ares 25% Beneficial Holding Requirement is satisfied, with respect to the Ares Purchasers, the Corporation agrees to provide the Providence Purchasers and/or the Ares Purchasers, as the case may be, with the information as set forth in, and in accordance with, Section 5.13 of the Investment Agreement.
Each of the parties hereby acknowledges and agrees that the Purchasers are acting independently of each other and nothing herein or in any other Transaction Document shall be deemed to create any agreement, arrangement or understanding between or among any of the Providence Purchasers, on the one hand, and the Ares Purchasers, on the other hand.