Founder Holdcos definition

Founder Holdcos has the meaning ascribed to it in the Preamble.

Founder Holdcos means the Persons named on Schedule 2(B) hereto and the respective transferees of such Persons’ Shares pursuant to Section 6 hereof.

Founder Holdcos has the meaning set forth in the Preamble of this Agreement.

Examples of Founder Holdcos in a sentence

• The Series Seed Investor has purchased from the Company, and the Company has sold to the Series Seed Investor, certain Series Seed Preferred Shares of the Company on the terms and conditions set forth in the share purchase agreement dated January 22, 2020 by and among the Company, the HK Company, the Domestic Company, the Key Parties, the Founder Holdcos and the Series Seed Investor (the “Series Seed Share Purchase Agreement”).

• For avoidance of doubt, for so long as the Key Parties and the Founder Holdcos hold any Share of the Company, the Founder Holdcos shall be entitled to appoint more than the majority of the directors of the Board of the Company.

• The Company, the Key Parties and the Founder Holdcos shall cause all Parties to this Agreement, other than the Investors, to perform their obligations under this Agreement.

• If the Founder Holdcos only appoint three (3) directors, one Ordinary Director shall have three (3) votes for each of the matters submitted to the Board and the other two Ordinary Directors shall still have one (1) vote for each of the matters submitted to the Board.

• In the case that any Share is held by its ultimate beneficial owner through one or more level of holding companies (including without limitation, the Founder Holdcos), any transfer, repurchase, or new issuance of the shares of such holding companies or similar transactions that have the effect of change the beneficial ownership of such Share shall be deemed as an indirect transfer of such Shares.

More Definitions of Founder Holdcos

Founder Holdcos means, collectively, Pengai Hospital Management Corporation, a company incorporated and existing under the laws of the British Virgin Islands, Seefar Global Holdings Limited 世發環球控股有限公司, a company incorporated and existing under the laws of the British Virgin Islands; and Jubilee Set Investments Limited 立禧投資有限公司, a company incorporated and existing under the laws of the British Virgin Islands, and the “Founder Holdco” means any of them.

Founder Holdcos has the meaning set forth in Schedule 2;

Founder Holdcos means Bigo One Limited, a company duly incorporated under the Laws of the British Virgin Islands and wholly owned by Mr. Li, and Sky Hawk Enterprises Limited, a company duly incorporated under the Laws of the British Virgin Islands and wholly owned by Mr. Hu, and each a “Founder Holdco”.

Founder Holdcos means SEA PEARL WORLDWIDE HOLDING LIMITED, ENGINE HOLDINGS LIMITED, LI REAL LIMITED.

Founder Holdcos means, collectively, the VE Founder Holdcos and the NIP Founder Holdcos (each, a "Founder Holdco").

Founder Holdcos has the meaning set forth in Part II of Exhibit A.

Founder Holdcos means (i) STUDYVIP ONLINE EDUCATION LIMITED, a business company incorporated under the laws of the British Virgin Islands, and (ii) SCUPT GLOBAL LIMITED, a business company incorporated under the laws of the British Virgin Islands.