Examples of Lion Party in a sentence
The Parties acknowledge that, on the date hereof, the Initial Lion Party is a VCOC Shareholder.
This deed is supplemental to the Shareholders’ Agreement dated [ ] made between the Initial Lion Party, the Lion Bridging Party, the Initial Seller Parties and the Company (the “Shareholders Agreement”).
If the Seller Parties, within ten (10) Business Days of being provided with such details notifies the relevant Lion Party in writing that the Seller Parties object to the terms of the Related Party Transaction (which notice shall include the reasons for the objection), the relevant Lion Party and the Seller Parties shall in good faith attempt to agree the terms upon which the Related Party Transaction shall proceed.
The Parties acknowledge that, on the date hereof, the Initial Lion Party is a VCOC Shareholders.
If they are unable to agree on such terms within twenty (20) Business Days thereafter, the relevant Lion Party shall be entitled to appoint a partner of an internationally recognised accounting firm of good reputation or a reputable international investment bank (the “Accounting Partner”) to determine (acting as an expert and not as an arbitrator) whether or not such Related Party Transaction is being entered into on an arm’s-length basis.
If, but only if, the Accounting Partner determines the Related Party Transaction is being entered into on an arm’s-length basis then the relevant Lion Party shall be entitled to procure that the Related Party Transaction be entered into.
This deed is supplemental to the Shareholders’ Agreement dated [—] made between the Lion Party, the Bison Party and the Company (the “Shareholders Agreement”).