Examples of Unaffiliated Holders in a sentence
The Company and the Partnership also intend that this benefit cannot be altered or revoked without the approval of a majority in interest of the Unaffiliated Holders as provided in Section 4 of this Agreement.
The Company and the Partnership desire to resolve or avoid any uncertainties regarding the relative voting rights of the Company, as a holder of Limited Partner Interests, and the Unaffiliated Holders.
The Company and the Partnership intend to confer a benefit on the Unaffiliated Holders by granting them the right, enforceable against the Company, to vote to remove the Company as general partner of the Partnership without the necessity of the concurrence of the Company.
The Company and the Partnership are entering into this Agreement, in material part, for the purpose of conferring these benefits on the Unaffiliated Holders.
Accordingly, the Company and the Partnership agree that the Unaffiliated Holders shall be entitled to enforce the provisions of this Agreement at law or in equity as third party beneficiaries of this Agreement.
The Company and the Partnership desire to confer upon holders of limited partnership interests or units in the Partnership who are Unaffiliated Holders (as defined below) have voting rights to remove a general partner of the Partnership that are consistent with the Administrative Guidelines for the Registration of Oil and Gas Programs set forth in subsections (f)(1)(C) and (f)(2) of Section 121.8 of the Regulations of the State Securities Board of Texas.
This Agreement may not be terminated by the parties after the Effective Date without the consent of the holders of a majority of the Shares (exclusive of any Shares not held by Unaffiliated Holders).
Under SEC rules governing going-private transactions, each member of the Buyer Consortium is required to express his, her or its belief as to the fairness of the Amalgamation to the Unaffiliated Holders.
The Buyer Consortium attempted to negotiate a transaction that would be most favorable to it, and not to the Unaffiliated Holders, and, accordingly, did not negotiate the Amalgamation Agreement with a goal of obtaining terms that were fair to such holders.
Credit Suisse’s opinion was directed to the Special Committee, and only addressed, as of August 13, 2015 in the United States, the fairness, from a financial point of view, to the Unaffiliated Holders of the per Share merger consideration and the per ADS merger consideration to be received by such Unaffiliated Holders in the merger pursuant to the merger agreement and did not address any other aspect or implication of the merger.