Examples of Majority Blackstone Investors in a sentence
Prior to a Qualified IPO, if a designee of Majority Blackstone Investors to the Board of Directors ceases to be a member of the Board of Directors (whether by removal, retirement or otherwise), such designee can only be replaced by Majority Blackstone Investors pursuant to this Section 3.1(a).
Following such Qualified IPO and prior to consummation of a Qualified MCK Exit, for so long as Blackstone (together with its Permitted Transferees and Affiliates) continues to hold fifty percent (50%) or more of the aggregate number of shares of Common Stock, the Majority Blackstone Investors shall be entitled to nominate to the Board of Directors a number of directors equal to a majority of the total members of the Board of Directors.
Prior to the applicability of Section 3.1(b) below, the Stockholders and Echo shall take all Necessary Action to cause the Board of Directors to be comprised of three (3) directors, whom shall be designated by Majority Blackstone Investors; provided, that at the election of the Majority Blackstone Investors, the size of the Board of Directors may be increased to five (5) directors to accommodate the election of independent directors to be selected by Majority Blackstone Investors.
Prior to the applicability of Section 3.1(b) below, the Stockholders and Echo shall take all Necessary Action to cause the Board of Directors to be comprised of [●] ([●]) directors, whom shall be designated by Majority Blackstone Investors; provided, that at the election of the Majority Blackstone Investors, the size of the Board of Directors may be increased to [●] ([●]) directors to accommodate the election of independent directors to be selected by Majority Blackstone Investors.
If all Investor Groups are similarly situated with respect to their interests in a matter that may be an Indemnified Liability and that is not based on a Third-Party Claim, the Indemnitees may enforce their rights pursuant to this Section 7.9 only with the consent of both the Majority Xxxx Investors and the Majority Blackstone Investors (determined based on the Investor Groups existing at the time of the events giving rise to such claim for indemnification).
Such a result is contrary to common sense and undermines significantly the State’s sovereign immunity.By understanding SG § 12-106(b)(3) as a condition precedent to the State’s waiver of sovereign immunity, rather than a uniform statute of limitations for all claims brought against the State, SG § 12-106(b)(3) and CJ § 5-105 may be harmonized, thus avoiding dilution of the State’s sovereign immunity protection.