Examples of Management Rights Letters in a sentence
On or prior to the Initial Closing, existing Management Rights Letters between the Company and each of (i) WCAS and its affiliates, (ii) MPM Capital and its affiliates, (iii) Pitango Venture Capital and its affiliates and (iv) ONSET VI, L.P., shall have been amended and restated and delivered to the applicable Investor, in each case, in a form satisfactory to WCAS.
The Company hereby agrees, represents and warrants to each of the Investors that, except for the Transaction Documents and the Management Rights Letters, the Company is not a party to any agreements, arrangements or understandings, whether written or oral, with any Series E Investors with respect to the rights, privileges or restrictions of the Series E Preferred Stock.
Management Rights Letters We have entered into management rights letters with entities affiliated with certain of our principal stockholders, pursuant to which such entities are entitled to routinely consult with and advise management regarding our operations and have the right to inspect our books and records.
A distinction can be made between universal consultations and representative consultations.
In the event the Company enters into a side letter or other agreement with any Investor after the date hereof in connection with the equity financing contemplated by the Purchase Agreement (other than any Management Rights Letters (as defined in the Purchase Agreement)), the Company shall promptly provide each Major Investor with a copy of such side letter or other agreement.