Examples of Company Security Holders in a sentence
The Company Security Holders shall not be required to comply with, and shall have no rights under, Sections 4, 6, and 8 in connection with any Approved Sale.
Each Company Security Holder may invest in, or provide services to, any Person that directly or indirectly competes with the Company and shall have no obligation to present any business opportunity to the Company or any other Company Security Holders, even if the opportunity is one that the Company might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to do so.
The rights and obligations of the Company Security Holders and the Company under Sections 2 (Board of Directors), 3 (Drag-Along Rights), 4 (Tag-Along Rights), 6 (Preemptive Rights), 7 (Conflicts of Interest), 8 (Additional Company Security Holders and Limitations on Transfers by Company Security Holders), 9 (Information Rights), 11 (Protective Covenants), and 23 (Issuances of Company Securities) shall terminate upon a Qualified IPO.
Each director shall hold office for a term expiring not later than the close of the first annual meeting of Company Security Holders following such director’s election or until the director’s earlier death, resignation, disqualification or removal.
The Company Security Holders shall comply with, and be entitled to the benefits of, the provisions set forth in Annex A attached hereto governing and providing for, among other matters, registration rights with respect to Registrable Securities (as defined in Annex A) (the “Registration Rights”).
The Company Security Holders shall comply with, and be entitled to the benefits of, the provisions set forth in Annex 2 attached hereto governing and providing for, among other matters, registration rights with respect to Registrable Securities (as defined in Annex 2) (the “Registration Rights”).
The Company Security Holders shall not be required to comply with, and shall have no rights under, Section 9 and Section 12 in connection with any Approved Sale.
The Company Security Holders hereby agree to indemnify, defend and hold the Nominee harmless (severally in accordance with their pro rata share of the consideration received in any such Approved Sale (and not jointly and severally)) against all liability, loss or damage, together with all reasonable costs and expenses (including reasonable legal fees and expenses), relating to or arising from its exercise of the Proxy and power of attorney granted hereby.
The parties hereto acknowledge that certain Persons, including, without limitation, Transferees, Managers, employees and consultants of the Company and its Affiliates, may become Company Security Holders after the Effective Date (the “Additional Company Security Holders”).
From time to time, following the admission of any Additional Company Security Holders or Substitute Company Security Holders, or following the issuance, transfer or forfeiture of any Units, in each case, in accordance with this Agreement, Schedule B may be amended by the Company (without the consent or approval of any Member) to reflect such changes.