New Sponsor definition

New Sponsor means any person to whom Silverpoint or Oaktree assigns or transfers all or part of its indirect beneficial interest in the shares or other equity interests of SCIH in accordance with the Shareholders’ Agreement.

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New Sponsor means any entity or group of entities with committed capital or assets under management in excess of $1,000,000,000 or otherwise reasonably acceptable to the Required Lenders, in either case, together with any co-investors.

New Sponsor means the Purchaser, its Affiliates and any funds, partnerships or other co-investment vehicles managed, advised or controlled by the foregoing or their respective Affiliates (other than Holdings, Borrower or Subsidiaries or any other portfolio company).

Examples of New Sponsor in a sentence

• This Agreement has been duly executed and delivered by the New Sponsor and constitutes the legal, valid and binding obligation of the New Sponsor, enforceable against it in accordance with the terms hereof.

• It has full power and authority to execute and deliver this Agreement and the execution, delivery and performance of this Agreement by the New Sponsor has been duly authorized by all necessary action on behalf of the New Sponsor.

• The Sponsor will defend, indemnify and hold harmless SDSU and its employees, administrators, faculty, students, independent contractors and agents from and against any and all costs, liabilities, damages, and expenses, including, without limitation, attorneys’ fees, arising from any claims, damages, and liabilities asserted by third parties arising from this Agreement or the Service performed under this Agreement, and/or Service Products, New Sponsor Proprietary Property, and/or Inventions, if any.

• This Agreement shall terminate automatically if and when the Share Purchase Agreement dated as of the date hereof by and between the New Sponsor and ▇▇▇▇▇▇ SDG Investment Limited, a British Virgin Islands corporation is terminated pursuant to the terms thereof.

• The New Sponsor Equity Commitment Letters contain all of the conditions precedent to the obligations of the parties thereunder to make the Equity Financing available to Holdco, Midco, Parent or Merger Sub on the terms and conditions contained therein.

More Definitions of New Sponsor

New Sponsor shall have the meaning provided in the definition of the term “Permitted Holders”.

New Sponsor shall have the meaning given in the Preamble.

New Sponsor is defined in the definition of "Permitted Sale"

New Sponsor means a sponsor which did not participate in the Program in the prior year, or, as determined by the State agency, a sponsor which has experienced significant staff turnover from the prior year.

New Sponsor means American Securities, LLC and its Control Investment Affiliates

New Sponsor has the meaning set forth in the Recitals.

New Sponsor means any private equity fund, similar investment fund or sovereign wealth fund, or consortium of private equity funds, similar investment funds or sovereign wealth funds acting in concert that (a) (i) (in the case of each such fund other than a sovereign wealth fund) invests, as a substantial part of its business, in companies and (ii) in the aggregate, together with their affiliated funds, have committed capital and/or assets under management in excess of $1,000,000,000 as of the Permitted Change of Control Effective Date and (b) (i) does not operate in a country subject of Sanctions in a manner that would violate Sanctions applicable to any party to this Agreement, (ii) is not, and, to its knowledge, not affiliated with, a Person that is the subject of Sanctions or (ii) does not have its principal place of business outside of the US, Canada, the EU, UK or Switzerland.