Examples of Reporting Financiers in a sentence
If the Company has not commenced an Exit within three years following the date of this Agreement, the Global Agent (acting on the instructions of the Majority Reporting Financiers) may at any time require the Company to use commercially reasonable endeavours to pursue an Exit by such means as the Majority Reporting Financiers may at that time determine.
Reporting Financiers Financiers who are not Unrestricted Financiers.
Third Milestone By no later than the third anniversary post Completion, Holdco to: (i) commence Exit process (if not already commenced); or (ii) provide a report to Reporting Financiers explaining why Holdco has not done so.
Secondary Milestone By no later than the second anniversary post Completion, Holdco to: (i) commence Exit process (if not already commenced); or (ii) provide a report to Reporting Financiers explaining why Holdco has not done so.
For the avoidance of doubt: All Supervising Financiers will also be Reporting Financiers.
Holdco shall not be required to provide any information to Reporting Financiers which (in its reasonable opinion) could reasonably be expected to compromise the Exit process , and may delay reporting where it concludes that a report could reasonably be expected to compromise the Exit process ; and (ii) to Supervising Financiers: at least monthly, and as soon as reasonably practicable following material developments.
Supervising Financiers Reporting Financiers who: (i) elect to be Supervising Financiers, and (a) whose commitments under the Holdco Facilities aggregate to at least 5% of the total amount of commitments under the Holdco Facilities then outstanding and/or (b) are one of the 10 largest holders of commitments under the Holdco Facilities; and/or (ii) are Nominating Financiers (as described in Part C below).
Reserved matters to require approval by: (i) a majority decision of the Holdco Board (super-majority (e.g. 5) for certain items); or (ii) for certain matters, Majority / Increased Majority / Super Majority of Reporting Financiers under the Holdco Facilities / Governance Agreement.
Unless the Super Majority Reporting Financiers agree, in an Exit scenario, all Financiers must be given the option to receive cash consideration (of equivalent value to any non-cash consideration made available) and the aggregate cash consideration must be sufficient to discharge all amounts owned by items 1 and 2 of the Cash Sweep, along with all amounts owed to Financiers that elect to receive cash consideration.
Milestone By no later than the first anniversary post Completion, Holdco to: (i) commence Exit process (if not already commenced); or (ii) provide a report to Reporting Financiers explaining why Holdco has not done so.