Examples of First Reserve Entities in a sentence
With respect to any entity in which any First Reserve Entities have an investment (each a “Company”), sign on my behalf, any and all filings (including filings with the Securities and Exchange Commission), agreements, notices or documents arising from, or related to any Company, including, (a) any holdings or investments of any First Reserve Entities in any Company; and (b) any holdings or investments of mine in any Company.
With respect to any entity in which any First Reserve Entities have an investment (each a "Company"), sign on my behalf, any and all filings (including filings with the Securities and Exchange Commission), agreements, notices or documents arising from, or related to any Company, including, (a) any holdings or investments of any First Reserve Entities in any Company; and (b) any holdings or investments of mine in any Company.
With respect to any entity in which any First Reserve Entities have an investment (each a "Company"), sign on my behalf any and all filings (including filings with the Securities and Exchange Commission), agreements, notices or documents arising from, or related to any Company, including, (a) any holdings or investments of any First Reserve Entities in any Company; and (b) any holdings or investments of mine in any Company.
Under the terms of the Securityholders' Agreement, (i) the Board will consist of five members, three of whom the First Reserve Entities will have the right to designate and two of whom the Management Investors will have the right to designate, and (ii) all Significant Transactions (as such term is defined in the Securityholders' Agreement, and which term includes mergers and sales of assets) may be authorized and effected only by a vote of at least a majority of the whole Board.
As a consequence thereof, the First Reserve Entities will have voting control of the Company.
Because such a majority requires three members of the Board, the First Reserve Entities will have the ability to control all Significant Transactions by means of their three Board designees.