Class A Participants definition
Examples of Class A Participants in a sentence
For purposes of this Plan, “Class A Participants” shall be those Employees designated in writing by the Employer as Class A Participants, which writing is hereby incorporated herein.
If both Class A Participants elect to proceed with the Transaction, the Participants shall form an Investment Entity, or use an existing Investment Entity, to consummate such Transaction and the Participants shall use their best efforts to consummate such Transaction.
DVL shall have the right to proceed with a Transaction in its individual capacity by providing written notice to the Class A Participants within ten business days of the date such Transaction is proposed that it is electing to proceed with the Transaction.
Unless otherwise agreed by the Class A Participants, in no event shall a Participant or its Affiliates be required to make, nor shall they be permitted to make, a capital contribution to an Investment Entity if such capital contribution, when added to all other capital contributions made by all Participants to Investment Entities, would exceed the Maximum Capital Contribution.
In such an event, the Class A Participants shall, within ten business days following DVL's determination not to proceed with the Transaction, elect whether or not to enter into a Transaction.
DVL shall not be required to present any transaction to the Class A Participants if DVL individually proceeds with such Transaction as permitted by this Section 2.1.