Founder Entities definition
Examples of Founder Entities in a sentence
There is no Action by any Group Company, Founders and/or Founder Entities pending or that any Group Company, Founders and/or Founder Entities intends to initiate.
Each of the Founders and the Founder Entities shall cause all dividends of the Company received by the Founders or the Founder Entities to be applied first to the payment of their collective obligations to the Company pursuant to the Founder Loan Agreement.
There is no Action pending, or to the Knowledge of each Warrantor, threatened in writing (i) against any Group Company, Founders and/or Founder Entities or (ii) against any consultant, officer, director or Key Employee of any Group Company arising out of his or her consulting, employment or board relationship with such Group Company or that could otherwise materially impact such Group Company.
The Founder Entities were formed solely to acquire and hold the Equity Securities in the Company, the Company was formed solely to acquire and hold the Equity Securities in the HK Subsidiary, and the HK Subsidiary was formed solely to acquire and hold the Equity Securities in the WFOE.
Notwithstanding the foregoing, the agent and attorney in fact rights granted to the TRA Party Representative pursuant to the terms of this Section 7.14 shall not apply to, be binding on, or be deemed to be granted by, the Founder Entities.