GTCR Blocker definition
Examples of GTCR Blocker in a sentence
GTCR Blocker is a holding company and was formed for the purpose of investing, directly or indirectly, in the Company and has never owned any assets except for the equity interests of GTCR Splitter as an indirect holder of Company Units, cash and other assets typical of a holding company.
The GTCR Blocker Shares are duly authorized, validly issued and outstanding, fully paid, nonassessable, free of preemptive or similar rights, and as of immediately prior to the Closing, will be owned beneficially and of record by the Sellers.
GTCR Blocker is a corporation duly formed, validly existing and in good standing under the laws of Delaware and such has all requisite organizational power and authority necessary to own or lease all of its properties and assets and to carry on its business as it is now being conducted.
As of the date hereof, GTCR Blocker is not subject to any outstanding judgment, order or decree of any Governmental Authority which would have a material adverse effect on GTCR Blocker's ability to consummate the transactions to occur hereunder at the Closing.
Following the Closing, the Purchaser shall cause the GTCR Blocker and the Acquired Companies to retain all applicable Tax Returns, books and records, and workpapers for Pre-Closing Tax Periods for a period of at least seven (7) years following the Closing Date.
The Acquired Companies shall not take any action outside the ordinary course of business and not contemplated by this Agreement on the Closing Date after the Closing (including, for the avoidance of doubt, the liquidation of GTCR Blocker) that could reasonably be expected to result in the Sellers or their beneficial owners being liable for incremental Tax pursuant to this Agreement or to any Governmental Authority or otherwise adversely impact the Tax Returns of the Sellers or their beneficial owners.
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As of the date hereof, there are no Actions pending or, to GTCR Blocker's knowledge, threatened in writing against GTCR Blocker at law or in equity, or before or by any Governmental Authority, which would have a material adverse effect on GTCR Blocker's ability to consummate the transactions to occur hereunder at the Closing.
There are no material agreements or other obligations (contingent or otherwise) that require GTCR Blocker to repurchase or otherwise acquire any of GTCR Blocker's equity securities that would survive the Closing.
Since formation, GTCR Blocker has not engaged in any business activities, including those conducted by any of the Acquired Companies, and has not directly owned any assets or properties, other than cash and other assets typical of a holding company.