Examples of Purchaser Holdco in a sentence
Each Seller shall receive its pro rata share of the Cash Consideration (taking into account any decrease to the Cash Consideration payable to such Seller in accordance with Section 2.4.1) and be deemed to have received its pro rata share of the Purchaser Holdco Class A Units based upon the proportion that the Allocated Purchase Price of each of the Hotel Assets owned by such Seller bears to the sum of all Allocated Purchase Prices (such Seller’s “Pro Rata Share”).
Nondiscrimination in Federally-Assisted Programs of the Department of Agriculture – Effectuation of Title VI of the Civil Rights Act of 1964.
Nothing herein shall be construed to modify or limit any offset rights with respect to breach of obligations by Sellers hereunder expressly set forth in the Purchaser Holdco Operating Agreement.
Prior to Closing, notwithstanding the deemed distribution of Purchaser Holdco Class A Units for purposes of calculating each Seller’s Pro Rata Share, Sellers will provide a notice to Purchaser specifying the amount of Purchaser Holdco Class A Units to be issued to each Class A Holder.
The Purchaser shall be liable for and shall indemnify the Seller in accordance with Article VIII hereof for all Taxes imposed on the Seller Group or the Company or any of its Subsidiaries in connection with the Purchaser Restructuring, including without limitation the transfer or license of Business Intellectual Property to Purchaser Holdco without consideration, and the transfer of a 49% interest in Purchaser Holdco to the Seller.
Purchaser does not hold its interest in the registered capital of Purchaser Holdco for any other Person pursuant to any Contract.
There are no voting trusts, proxies or Contracts in effect with respect to the voting or transfer of any of the equity interests in Purchaser Holdco.
Purchaser and Purchaser Holdco shall not adopt a position inconsistent with the foregoing or contest such holding period for any reason, and each of Purchaser and Purchaser Holdco shall use its reasonable efforts to cooperate with the Sellers in any efforts such Seller may undertake to assert such holding period in connection with the future sale of the Consideration Shares issued pursuant to this Agreement or any other purpose.
Upon consummation of the Contemplated Transactions, the Company will own all of the issued and outstanding registered capital of Purchaser Holdco free and clear of all Encumbrances.
The Target Company shall have received a copy of the Registration Rights Agreement, duly executed by the Purchaser, Holdco and the Significant Company Holders.