Penske Capital definition
Examples of Penske Capital in a sentence
Penske or Penske Capital Partners, LLC, International Motor Cars Group I, LLC, International Motor Cars Group II, LLC, Penske Corporation, Penske Automotive Holdings Corp.
Penske Capital Partners shall exercise its right to require the Company to repurchase the stock of the Company held by Penske Capital Partners pursuant to Section 7.2 of the Securities Purchase Agreement.
The Company represents and warrants to Penske that it has not previously entered into any agreement with respect to its securities granting any registration rights to any Person except to affiliates of Penske Capital Partners, LLC, a Delaware limited liability company.
Additionally, Penske Capital and Seller hereby acknowledge and agree that, immediately following the Closing, Seller will be deemed to have withdrawn from IMCG I in accordance with Section 10.1 of the IMCG I LLC Agreement.
The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place at the offices of Penske Capital Partners, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ on August 7, 2001 or on such other date as the Seller and the Purchaser may mutually determine (such date, the “Closing Date”).
Purchaser agrees to hold all information obtained pursuant to this Section 4.11 confidential pursuant to the letter agreement, dated February 27, 1999, between the Company and Penske Capital Partners, L.L.C. (the "Confidentiality Agreement") as if it were a party thereto in lieu of Penske Capital Partners, L.L.C.
Seller and Purchaser hereby covenant to, and Purchaser hereby covenants to use its best efforts to cause Penske Corporation, Penske Holdings and Penske Capital to, enter into the Waiver Agreement prior to the Closing.
JPMP and Penske Capital are parties to an Amended and Restated Limited Liability Company Agreement dated as of the date hereof, (as amended, the "IMCG II Operating Agreement", and together with the IMCG I Operating Agreement, the "Operating Agreements") for IMCG II.
Penske Capital and JPMP hereby acknowledge and agree that, immediately following the Closing, Seller will be deemed to have withdrawn from International Motor Cars Group, II L.L.C. ("IMCG II") in accordance with Section 10.1 of the Amended and Restated Limited Liability Company Agreement of IMCG II ("IMCG II LLC Agreement").
Seller and Purchaser hereby covenant to, and Purchaser hereby covenants to use its best efforts to cause Penske Corporation and Penske Capital to, enter into the Waiver Agreement prior to the Closing.