Examples of Parent Sponsor in a sentence
Topco is a direct, wholly owned subsidiary of Parent Sponsor or its applicable Affiliates that subscribe for Series A Preferred Units on the Closing Date.
The Special Committee has received a written opinion from Scalar, LLC that, based upon and subject to the various assumptions, qualifications and limitations set forth therein, as of the date of such opinion, the Per Share Merger Consideration to be received by the holders of the Company Common Stock (other than the Company, Parent, SLR, Parent Sponsor, the Rollover Holders and their respective Affiliates) pursuant to this Agreement is fair, from a financial point of view, to such holders.
In the event that all conditions contained in the Equity Commitment Letter have been satisfied, Parent and Merger Sub shall use commercially reasonable efforts to cause Parent Sponsor to comply with its obligations thereunder, including to fund the Equity Financing.
Any retained portion of the expenses withheld pursuant to the immediately preceding clause (b) (subject to the Parent Reimbursement Cap) shall be deemed to have been contributed from Parent Sponsor to Topco in exchange for Topco Series A Preferred Units issued by Topco to Parent Sponsor, and thereafter contributed from Topco to Parent as a contribution to Parent’s capital.
Without limiting the Borrower’s obligations in the immediately preceding sentence, in the event Parent fails to obtain the full amount of the Closing Payment Commitment contemplated by the Equity Commitment Letter at the Closing of the Merger, the Borrower shall use reasonable best efforts to seek specific performance pursuant to Section 7 of the Equity Commitment Letter to compel Parent Sponsor to fund the unpaid Equity Financing in full pursuant to Section 1 of the Equity Commitment Letter.