Regulatory Side Letter definition
Examples of Regulatory Side Letter in a sentence
The Credit Parties, together with their “affiliates” (as that term is defined in Title 13, Code of Federal Regulations, § 121.103), do not presently engage in, and do not intend to engage in, any activities, nor does any Credit Party intend to use, directly or indirectly, the proceeds of any Advance for any purpose violative of the SBIC Regulatory Side Letter (if any).
The Company and vSpring SBIC, L.P. hereby agree that the vSpring Regulatory Side Letter Agreement shall terminate and be of no further force or effect immediately prior to the closing of the IPO.
The Company and each Holder and Founder agree not to amend or waive the voting or other provisions of the Company’s Certificate of Incorporation, the Company’s By-laws or this Agreement if such amendment or waiver would cause any Regulated Holder to have a Regulatory Problem (as defined in the relevant Regulatory Side Letter).
A “Regulatory Violation” (as defined in the SBIC Regulatory Side Letter) shall occur.
The Holders and the Company hereby agree that the Investor Rights Agreement shall be amended such that the Regulatory Side Letter Covenants and the Board Observer Rights shall terminate and be of no further force or effect immediately prior to the closing of the IPO.