Examples of Subscriber Parties in a sentence
In such event, the Corporation will pay the reasonable fees and expenses of no more than one separate counsel for all such Subscriber Parties promptly as such fees and expenses are incurred.
In no event shall the Company be liable for the reasonable fees and expenses for more than one separate firm of attorneys (plus local counsel as applicable) to represent all Subscriber Parties.
Company will not be liable to Subscriber Parties under this Agreement (i) for any settlement by a Subscriber Party effected without Company’s prior written consent, which will not be unreasonably withheld or delayed; or (ii) to the extent, but only to the extent that a loss, claim, damage or liability is either attributable to Subscriber’s breach of any of the representations, warranties, covenants or agreements made by Subscriber in this Agreement or in the other Transaction Documents.
This Agreement may be amended, modified, supplemented or terminated only by a written instrument signed by each of (i) the Subscriber Parties and (ii) the Management Parties.
If at any time Subscriber Parties holding a majority of the voting power of all Shares held by Subscriber Parties, or the Management Parties holding a majority of the voting power of all Shares held by Management Parties, shall notify the Parties in writing of their desire to have removed from the Board, with or without cause, any Nominee that was nominated by such Party, such Nominee shall be removed from the Board.
The Buyer Subscriber Parties shall have deposited (and not later withdrawn) at least Eight Hundred and Seventy Five Million U.S. Dollars ($875,000,000) into the Escrow Account, as contemplated by Section 2.2(b).
In the event that one or more Buyer Subscriber Parties are in default of their obligations to deposit their respective funds in the Escrow Account by the Escrow Deadline, Buyer shall have thirty (30) days to use its reasonable best efforts to cause such Buyer Subscriber Parties to honor their commitments or, in the alternative, to find alternative Buyer Subscriber Parties to deposit such amounts in the Escrow Account.
The Subscriber Parties shall nominate one (1) arbitrator, and Management Parties shall nominate one (1) arbitrator, in accordance with the ICC Rules.
Subscriber Parties holding a majority of the voting power of all Shares held by Subscriber Parties will be entitled to nominate, and the Board of Directors of the Company shall consist of, at least a majority of the directors of the Company (the “Subscriber Nominees”), at least one (1) of whom shall be a representative director of the Company.
Subject to the next succeeding sentence, this Agreement shall terminate upon the earlier to occur of (i) seven years from the date of this Agreement and (ii) the date upon which the Subscriber Parties hold less than 20% of the Fully Diluted Capital Stock of the Company.