Examples of Newco I in a sentence
If Newco I exercises the Redemption Call Right, then on the Automatic Redemption Date or the Redemption Date, as applicable, Newco I will purchase and the Holders will sell all of the Exchangeable Shares then outstanding for the Exchangeable Share Consideration.
Subject to clause (ii) below, Parent, Newco I and Newco II shall be entitled to participate at their own expense in the defense and, if Parent, Newco I or Newco II so elects at any time after receipt of such notice, it may assume the defense of any suit brought to enforce any such claim.
Each of the Parent, the Operating Partnership, Merger Sub, Newco I and Newco II and each of their respective subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted.
If Newco I exercises the Liquidation Call Right, Redemption Call Right or Retraction Call Right and for any reason does not complete the applicable purchase of Exchangeable Shares and deliver the applicable Exchangeable Share Consideration, Parent shall promptly complete the applicable purchase of Exchangeable Shares and deliver the applicable Exchangeable Share Consideration.
Each of Parent and Newco I hereby acknowledges receipt from the Holders of good and valuable consideration (and the adequacy thereof) for the grant of the Automatic Exchange Right by Parent and Newco I to the Holders.
If Newco I exercises the Liquidation Call Right, on the Liquidation Date Newco I will purchase and the Holders will sell all of the Exchangeable Shares then outstanding for the Exchangeable Share Consideration.
The applicable Exchangeable Share Consideration for each such Exchangeable Share so purchased may be satisfied by Parent issuing and Parent or Newco I delivering or causing to be delivered to the relevant Holder, the applicable Exchangeable Share Consideration (less any amounts withheld pursuant to Section 5.14 hereof).
In the event of the exercise of the Liquidation Call Right by Newco I, each Holder shall be obligated to sell all the Exchangeable Shares held by the Holder to Newco I on the Liquidation Date upon transfer and payment by Newco I to the Holder of the Liquidation Call Purchase Price.
Upon notice from Newco I of any event which requires Newco I to cause to be delivered shares of Parent Common Stock to any Holder of Exchangeable Shares, Parent shall similarly contribute to Newco I or otherwise deliver to Newco I the requisite shares of Parent Common Stock to be received by, and issued to the order of, the former Holder of the surrendered Exchangeable Shares, as Newco I shall direct.
Parent and Newco I hereby jointly and severally grant to the Holders the Automatic Exchange Right in accordance with the provisions of this Agreement.