Examples of Common Blocker in a sentence
Onex holds its interest in Holdings LLC through two entities that are taxable as corporations for U.S. federal income tax purposes: the Preferred Blocker Entity (through which Onex holds its preferred unit interest in Holdings LLC) and the Common Blocker Entity (through which Onex holds its common unit interest in Holdings LLC).
Prior to the consummation of this offering, and as a result of the Common Blocker Mergers and related transactions, Onex will exchange all of the equity interests in the Common Blocker Entity for 20,680,420 shares of Class A common stock and a right to participate in the Tax Receivable Agreement.
Prior to the consummation of this offering, and as a result of the Common Blocker Mergers and related transactions, Onex will exchange all of the equity interests in the Common Blocker Entity for shares of Class A common stock and a right to participate in the Tax Receivable Agreement.
Prior to the consummation of this offering, and as a result of the Common Blocker Mergers, Onex will exchange all of the equity interests in the Common Blocker Entity for (x) shares of Class A common stock and (y) the Onex Warrants to purchase shares of our Class A common stock.
As a result of such transactions, Onex will exchange all of the equity interests in the Common Blocker Entity for (x) shares of Class A common stock and (y) warrants to purchase shares of our Class A common stock.
There are no liabilities or obligations between Common Blocker, on the one hand, and any current or former officer, director, stockholder, Affiliate of any of the Blocker Entities, the Company or any Holder, or any Affiliate of any such officer, director, stockholder or Affiliate, on the other hand.
As of the Effective time, each Holder will have good and valid title to the issued and outstanding Capital Securities of the Common Blocker as set forth on Schedule 2.12(d), in each case free and clear of all Liens.
Immediately following the transfer of such common stock to Parent, Common Blocker shall cease to be treated as a Holder for all purposes hereunder.
All of the issued and outstanding Capital Securities of Common Blocker are duly authorized, validly issued, fully paid and non-assessable and were issued in accordance with all applicable federal and state securities Laws.
All Taxes owed (whether or not shown or required to be shown on such Tax Returns) by Common Blocker have been paid or remitted.