Majority Unit Holder definition
Examples of Majority Unit Holder in a sentence
No member of the Committee nor the Majority Unit Holder or its employees, partners, directors or associates shall be liable for any action or determination made in good faith with respect to the Plan or any Grant.
To the full extent permitted by law, the Company shall indemnify and hold harmless each Person made or threatened to be made a party to any civil or criminal action or proceeding by reason of the fact that such Person, or such Person’s testator or intestate, is or was a member of the Committee or is or was a Majority Unit Holder or an employee, partner, director or associate thereof, to the extent such criminal or civil action or proceeding relates to the Plan.
The Restricted Unit Holder shall sell, transfer and deliver such Units (i) for the same purchase price proposed to be paid to the Majority Unit Holder and otherwise on substantially the same terms and conditions as those applicable to the Majority Unit Holder and (ii) at the same time and place as the closing of the transaction with respect to the Majority Unit Holder’s Units.
In the event a Sale Transaction is proposed by the Company or Majority Unit Holder as contemplated by Section 8.8, the Company or Majority Unit Holder shall promptly deliver to the other Members a written notice (the “Sale Notice”) stating that the Company or Majority Unit Holder elects to exercise its right pursuant to this Section 8.8 to require that the Restricted Unit Holders participate in such Sale Transaction or to sell their Units pursuant to subsection (b).
Xxxxxxxx shall cause the Majority Unit Holder to, contribute the Equity Consideration to Aspen Sub, and, in exchange, Aspen Sub shall, and X.
This Agreement and all rights and obligations of the Company and the Majority Unit Holder hereunder may be assigned or transferred by operation of law by the Company and the Majority Unit Holder.
Notwithstanding anything to the contrary in this Agreement, the Majority Unit Holder (and not the Board of Directors) shall have the power to designate the authorized signatory(ies) of all accounts of the Company and to change such signatory(ies) from time to time.
As an inducement to NewCo and Coty to enter into this Agreement and to consummate the transactions contemplated hereby, (a) each Unit Holder (and, in the case of the Majority Unit Holder, X.
Xxxxxxxx, and, in the case of any such Unit Holder that is also a Trust Owner, such Unit Holder’s Applicable Trust) of any covenants or agreements in this Agreement, or any failure of such Unit Holder (and, in the case of the Majority Unit Holder, by X.
Xxxxxxxx and, in the case of a Unit Holder who is an Applicable Trust, each Trust Owner (solely with respect to his or her Applicable Trust)) represent and warrant to NewCo and Coty as of the date hereof and as of the Closing Date, with respect to Aspen Sub and himself, herself or itself (and, in the case of the Majority Unit Holder, X.