Examples of Oaktree Parties in a sentence
None of the Oaktree Parties or any of their Affiliates shall acquire “beneficial ownership” (for purposes of Rule 13d-3 or 13d-5 under the Exchange Act) of any additional shares of Rockets Common Stock, Mavericks Common Stock or any voting securities of Rockets or Mavericks between the date hereof and the Closing.
In the event that the Oaktree Parties Beneficially Own less than 15% of the Adjusted Outstanding Common Stock, the Oaktree Parties shall have no contractual right to nominate any Designees (but nothing contained herein shall adversely affect their rights to make nominations as a stockholder at such time).
In the event that the Oaktree Parties Beneficially Own less than 25% but at least 15% of the Adjusted Outstanding Common Stock, the Oaktree Parties shall have the right to nominate one (1) Designee, a Class III Director.
In the event that the Oaktree Parties Beneficially Own less than 35% but at least 25% of the Adjusted Outstanding Common Stock, the Oaktree Parties shall have the right to nominate two (2) Designees, a Class II Director and a Class III Director.
Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any Person other than the Oaktree Parties, the Permitted Assignees, and the Company, or their successors, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision herein contained.
Each of the Oaktree Parties agrees to never take any position or assert any claim which is contrary to the foregoing.
Notwithstanding anything to the contrary contained herein, no purchaser of Common Stock from any of the Oaktree Parties (other than another of the Oaktree Parties or an Affiliate of the Oaktree Parties or other Permitted Assignee) shall be deemed to be a successor or permitted assign by reason merely of such purchase.