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.

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).

Examples of Eligible Third Party in a sentence

Although PSIL will seek to ensure that adequate arrangements are made to safeguard your ownership rights, especially in the event of its own insolvency, your investments may be at risk if an Eligible Third Party becomes insolvent.
Documents of title to your investments shall be held in physical or dematerialised form by PSIL or an Eligible Third Party.
In the event that an Eligible Third Party becomes insolvent you may not receive back all or any of the assets or funds that the Eligible Third Party holds on your behalf.
In the case of pooled investments, your individual entitlements may not be identifiable by separate certificates, physical documents or equivalent electronic entries on the register and may be subject to third party claims (including claims by general creditors) made against PSIL or the relevant Eligible Third Party.
There is a risk in the event of the insolvency of the Eligible Third Party that the designation of the pooled account as a client account may be challenged by a liquidator or the process of obtaining funds may be delayed.
PSIL will exercise due skill, care and diligence in the selection, appointment and periodic review of any Eligible Third Party (other than a central bank) where your money is deposited and for the arrangements for holding your money but PSIL shall not be responsible for any acts, omissions or default of any such Eligible Third Party.
The Eligible Third Party may hold your money with other clients’ money in a pooled account and you hereby consent to such pooling.
Your investments will be held in a safe custody account designated as a client asset account and will be registered either in the name of a nominee company owned by PSIL, a member of PSIL’s group, an exchange which is a regulated market, or an Eligible Third Party, in accordance with the CBOI Client Assets Requirements.
PSIL may hold an equivalent amount in Euros or Sterling protected in an account with an Eligible Third Party within Ireland.
Client money in a foreign currency may be held with an Eligible Third Party in the country of origin, including countries outside Ireland.

More Definitions of Eligible Third Party

Eligible Third Party has the meaning specified in Clause 6. 03;

Eligible Third Party means any prospective bona fide trans-

Eligible Third Party means a Third Party who makes a legitimate claim of infringement of his or her rights;

Eligible Third Party means any prospective bona fide trans- feree of Shares and, if applicable, the Class B Share; provided. that: (i) a Transfer of Shares by the SEP to a transferee which is a South African person (i. e., a South African citizen or an en- tity which is controlled by South African citizens) shall re- quire the prior written consent of the Minister; (ii) the SEP may Transfer the Class B Share only if, as part of such Transfer, the SEP Transfers to the transferee of the Class B Share a sufficient number of Shares held by the SEP such that the transferee acquiring such Shares, exclud- ing the Shares owned by such transferee prior to the trans- action, would become a Significant Shareholder hereunder; and (iii) the Minister's prior written consent shall be required for the Transfer of the Class B Share by the SEP to any Eligible Third Party, except that (x) in the case of an Eligible Third Party whose business involves the provision of telecommu- nications services and whose annual revenues from such telecommunications services exceed one billion five hun- dred million Dollars (US$1,500-000,000) (or its equivalent in any other currency), such consent shall not be unrea- sonably withheld and (y) such consent shall not be required in any event with respect to the Transfer of such Class B Share to a Permitted Telecommunications Company.