Eligible Third Party definition

Eligible Third Party means any Person which (acting jointly with IGT or at the
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Eligible Third Party means any Person or Entity that is a direct or indirect holder of an Equity Interest in Holdings I and has (i) not (or continued to do any of the following to the extent commenced prior to the Petition Date) proposed, supported, assisted, engaged in negotiations in connection with or participated in the formulation of, any restructuring or reorganization of the Debtors other than this Plan, since the Petition Date, (ii) supported this Plan and used commercially best efforts to take, as applicable, all actions necessary to facilitate, effectuate and promptly consummate this Plan, and (iii) provided a release (including by not “opting out” of providing any release provided in this Plan) in favor of the Released Parties, solely in their respective capacities as such. For the avoidance of doubt, acts or actions that the Debtors and/or Holdings I (and their respective agents, officers, members, managers, directors, advisors, professionals and/or representatives) elect to take in accordance with, and solely as permitted pursuant to, Section 4(e) of the Restructuring Support Agreement shall not disqualify such parties from otherwise receiving releases as Eligible Third Parties to the extent such parties are entitled to receive those releases in accordance with the terms of the Restructuring Term Sheet and the Restructuring Support Agreement.
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Eligible Third Party means: (a) any Person who is not a Competitor; and (b) any Person who does not hold more 26% (twenty six percent) or more shares of a Competitor on a fully diluted basis; and (c) any Person who does not have the ability/right to appoint majority of the directors on the board of a Competitor; provided that the restriction set out in sub-paragraph (b) and (c) shall not apply to any financial investor or a sovereign fund. t being understood that the transferring shareholder shall ensure that the Eligible Third Party executes a Deed of Adherence upon Transfer in each case under (a), (b) and (c).
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Examples of Eligible Third Party in a sentence

  • Subject to Section 3.3(e), on a Payment-Bearing Product-by-Payment-Bearing Product basis, Buyer may credit [***] of any applicable Eligible Third Party Deductible Payments paid in a given Calendar Quarter with respect to the sale of a given Payment-Bearing Product in a particular country against the Net Sales Payments due and payable by Buyer to Seller on the Net Sales for such Payment-Bearing Product in such Calendar Quarter in such country.

  • The Shareholders shall be entitled to assign, in whole or in part, their right to subscribe to their respective Issuance Entitlement to their respective Affiliates, provided that at the time of issuance of the Issuance Shares, such Affiliate is an Eligible Third Party.

  • Notwithstanding anything contained in Clause 4.4 (Founders’ ROFO) above and Clause 5.5 (Tag Along Rights) below, the Investors may, at any time, Transfer all or any of the Equity Securities held by them to any of their respective Affiliates or to any trust or estate as long as it is the same Beneficiary Class (“Investor Permitted Transferee”), provided such Investor Permitted Transferee is an Eligible Third Party.

  • Each of Nadathur Group, New Investor 1 and the New Investor 2 Group shall have the right to freely Transfer to any Eligible Third Party up to 15% (fifteen percent) of the Equity Securities held by it in the Company on the Closing Date (“Permitted Liquidity Threshold”), whether in a single transaction or multiple transactions, without being subject to Clauses 4.4 (Founders’ ROFO) or 5.5 (Tag Along Rights) below.

  • Each Founder shall have the right to freely Transfer to any Eligible Third Party up to 15% (fifteen percent) of the Equity Securities held by him in the Company on the Closing Date (“Free Transfer Threshold”), whether in a single transaction or multiple transactions, without being subject to Clauses 5.2 (Founders’ Inter se ROFO), 5.3 (Transfer Consent), 5.4 (Investors’ ROFO) and 5.5 (Tag Along Rights) below.


More Definitions of Eligible Third Party

Eligible Third Party means any prospective bona fide trans-
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Eligible Third Party has the meaning specified in Clause 6. 03;
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Eligible Third Party means any prospective bona fide trans- feree of Shares and, if applicable, the Class B Share; provided. that:
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Eligible Third Party means: (a) any Person who is not a Competitor; and (b) any Person who does not hold more 26% (twenty six percent) or more shares of a Competitor on a fully diluted basis; and (c) any Person who does not have the ability/right to appoint majority of the directors on the board of a Competitor; provided that the restriction set out in sub-paragraph (b) and (c) shall not apply to any financial investor or a sovereign fund. t being understood that the transferring shareholder shall ensure that the Eligible Third Party executes a Deed of Adherence upon Transfer in each case under (a), (b) and (c)
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Related to Eligible Third Party

  • Eligible teacher means a teacher who has been employed with the District for at least twelve (12) months and has at least one thousand two hundred fifty hours (1,250) hours of service with the District during the twelve (12) months which precede the period of the requested leave. For purposes of determining hours of service for eligibility purposes, it is assumed that a full-time teacher meets or exceeds the standard of one thousand two hundred fifty (1,250) hours per year.

  • Eligible Tenant means, as of any date of determination, a bona fide third party lessee of a Property who satisfies each of the following criteria:

  • Third Party means a provider of digital educational software or services, including cloud- based services, for the digital storage, management, and retrieval of Education Records and/or Student Data, as that term is used in some state statutes. However, for the purpose of this DPA, the term “Third Party” when used to indicate the provider of digital educational software or services is replaced by the term “Provider.” EXHIBIT “D” DIRECTIVE FOR DISPOSITION OF DATA Provider to dispose of data obtained by Provider pursuant to the terms of the Service Agreement between LEA and Provider. The terms of the Disposition are set forth below:

  • Third Party Provider means licensors, subcontractors and suppliers of BNYM furnishing the Third Party Products.

  • Third Party Payment means payment through an instrument issued from a bank account other than that of the beneficiary investor. In case of payments from a joint bank account, the first named investor/holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made.