Permitted Designee definition

Permitted Designee means (i) a spouse or a child of a Permitted Holder, (ii) trusts for the benefit of a Permitted Holder or a spouse or child of a Permitted Holder, (iii) in the event of the death or incompetence of a Permitted Holder, his estate, heirs, executor, administrator, committee or other personal representative or (iv) any Person so long as a Permitted Holder owns at least 50% of the voting power of all classes of the voting stock of such Person.

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Permitted Designee has the meaning provided in Section 1.2(a).

Permitted Designee means (i) a spouse or a child of a Permitted Holder, (ii) trusts for the benefit of a Permitted Holder or a spouse or child of a Permitted Holder, (iii) in the event of the death or incompetence of a Permitted Holder, his estate, heirs, executor, administrator, committee or other personal representative or (iv) any Person so long as a Permitted Holder owns at least 51% of the voting power of all classes of the Voting Stock of such Person.

Examples of Permitted Designee in a sentence

• Notwithstanding the foregoing, the Warrants may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of until after the first anniversary of the Effective Date, except to a Permitted Designee, by operation of law or by reason of a reorganization of the Company.

• No Government Service Provider Contract may be assigned by the Permitted Designee without the prior written approval of MCC.

• As identified in the CDF Procurement Plan, and consistent with the Activities in Annex I, each of MCC or the Permitted Designee, as the case may be, may procure and manage the services of one or more providers of goods, works, or services to implement each of the Activities.

• The Government or a Permitted Designee, as applicable, will be named as the payee on any such insurance and the beneficiary of any such guaranty or bonds.

• The Permitted Designee shall develop, adopt, and implement a detailed financial plan in accordance with the MCC Reporting Guidelines, setting forth funding requirements for each of the Government-Contracted Activities (including administrative costs), broken down to the sub-activity level (or lower, where appropriate), and projected both on a commitment and cash requirement basis (as supplemented or otherwise modified from time to time, the “CDF Detailed Financial Plan”).

More Definitions of Permitted Designee

Permitted Designee means any Person designated by a Stockholder, who shall be reasonably acceptable to the other Stockholder, to exercise such Stockholder’s rights pursuant to Section 4.3.

Permitted Designee with respect to any Permitted Holder (i) a spouse or a child (in the case of an individual) of such Permitted Holder, (ii) any trust for the benefit of such Permitted Holder or a spouse or child of such Permitted Holder, (iii) in the event of the death or incompetence of such Permitted Holder, such Permitted Holder's estate, heirs, executor, administrator, committee or other court appointed representative, (iv) any foundation or not for profit organization established by a Permitted Holder or (v) any Person so long as a Permitted Holder is the "beneficial owner" (as defined in clause (i) of the definition of "Change in Control") of at least 51% of the Voting Stock of such Person.

Permitted Designee means, with respect to any Holder of an Allowed First Lien Senior Secured Notes Claim or Allowed Second Lien Term Loan Claim, an entity that is designated (in writing in the form established by the Debtors to be delivered to the Solicitation Agent no less than 20 days prior to the Distribution Record Date, or such other date as agreed to by the Debtors and the Required Consenting Stakeholders) by such Holder to receive all or any portion of the distributions issuable to such Holder pursuant to Article III.B of the Plan.

Permitted Designee means, with respect to any Holder of an Allowed First Lien Senior Secured Notes Claim or Allowed Second Lien Term Loan Claim, an entity that is designated (in writing in the form established by the Debtors to be delivered to the Solicitation Agent) by such Holder to receive (a) all or any portion of the distributions issuable to such Holder pursuant to Article III.B of the Plan, and (b) the Holder’s rights to such distribution as a result of equity contributions (through one or more layers of successive partnerships or entities).

Permitted Designee means with respect to any Holder of an Allowed First Lien Claim, Allowed Second Lien Claim, an Allowed 2020 Notes Claim or an Allowed 2021 Notes Claim a partnership or another limited liability form of entity which is designated (in a writing to be delivered to Hornbeck on or before the Distribution Record Date) by such Holder to receive (a) distributions issuable to such Holder pursuant to Article III.B.4 or Article III.B.5 of the Plan, as applicable, and (b) the Holder’s rights to such distribution as a result of equity contributions (through one or more layers of successive partnerships or entities).

Permitted Designee means any individual, partnership, firm, corporation, association, trust, unincorporated organization or other entity which directly, legally and beneficially owns any issued and outstanding equity securities of Lender.

Permitted Designee means a Person that is (1)(i)(A) not an Affiliate of Buyer or (B) an Affiliate but not controlled by Buyer, (ii) designated by Buyer in writing at least 20 Business Days prior to the Principal Closing and (iii) to which Sapphire has consented (such consent not to be unreasonably withheld, conditioned or delayed) or (2) a controlled Affiliate of Buyer, in each case (clauses (1) and (2)), that would not reasonably be expected to result in a violation by either Party hereto (or any of its Affiliates) of applicable Law or prevent or result in a material delay to the Principal Closing.