Permitted Investor definition
Examples of Permitted Investor in a sentence
It is understood and agreed that the Administrative Agent may, in its discretion, elect to not deliver to any Lender that is a Permitted Investor, and limit the access of any such Lender to, any Communications or other information that do not consist of Borrower Materials.
Each Fee Recipient hereby represents that it is a Permitted Investor and agrees to update Internal Revenue Service Form W-9 (or its successor form) or applicable Internal Revenue Service Form W-8 (or its successor form) upon any change in such Person’s circumstances or if such form expires or becomes inaccurate or obsolete, and to promptly notify the Borrower and the Administrative Agent if such Person becomes legally ineligible to provide such form.
No such assignment shall be made to (A) the Borrower or any of the Borrower’s Affiliates (including for the avoidance of doubt the Permitted Investor and its Affiliates) or Subsidiaries or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B).
After the first anniversary of the date of this Agreement, prior to an Initial Public Offering, an Investor Group Holder may only Transfer its Common Stock or Common Stock Equivalents in accordance with Sections 3.4, 3.5, 3.6 or 3.12 or to a Permitted Investor Transferee.
No Investor Group Holder may Transfer any of its Common Stock or Common Stock Equivalents, other than to Permitted Investor Transferees of such Investor, until the earlier of (i) one year following the date of this Agreement or (ii) an Initial Public Offering.