Examples of Management Equityholders in a sentence
Each of the Management Equityholders hereby agrees to transfer all right, title and interest to his Holdings II Equity Interests to the Buyer pursuant to the applicable Subscription Agreement and in accordance with the terms of the Purchase Agreement (provided that all references to “Shares” shall be references to “Holdings II Equity Interests” and all references to “Seller” shall be references to the applicable “Management Equityholder”).
In addition, the Buyer and certain Management Equityholders may enter into agreements between the date hereof and the Closing Date whereby all or a portion of such Management Equityholders Shares (which would otherwise be sold to Buyer pursuant to this Agreement) may be contributed by such Management Equityholders to the capital or exchanged for capital stock or options to acquire equity interests of the Buyer (or the parent of the Buyer).
For a period of two (2) years after the Closing Date, each of the Management Equityholders shall not engage in any business that is competitive with the Business anywhere in the world.
This is presumably also a consequence of the very high MWR offered by the second pillar.
Since January 1, 2009, none of the Institutional Equityholders, the Management Equityholders, the Company, or any of its Subsidiaries, has filed any voluntary petition in bankruptcy, consented to the filing of a bankruptcy proceeding against it, or been adjudicated bankrupt or insolvent, filed or consent to any the filing of any petition or answer seeking any reorganization, liquidation, dissolution or similar relief under any bankruptcy, insolvency, or other debtor relief law.