Minority Holder definition
Examples of Minority Holder in a sentence
Without limiting the foregoing, in the event that such Series C Minority Holder (or its designated Affiliate) has not received, or is unable to receive, the additional Tranche B Loans listed on Schedule A, then the foregoing exchange shall not be effective, and the Company agrees to take all actions as reasonably |US-DOCS\149621694.11|| requested by the applicable Series C Minority Holder to effectuate the unwinding of the foregoing Section 2.3.
The Parties hereby acknowledge and agree that the shares of Series C Preferred beneficially and legally owned by each Series C Minority Holder as set forth on Schedule A shall be immediately and automatically exchanged as of the Effective Date, without payment of any additional consideration therefor (the “Exchanged Series C Shares”) in exchange for the additional Tranche B Loans listed on Schedule A and documented pursuant to Amendment No. 16 to the Credit Agreement.
Nothing in this sub-clause shall prevent the Employee from being or becoming a Minority Holder.