Examples of Founder Holdco in a sentence
After taking into account the share adjustment and the preferred dividend sharing as described above, if the net money-on-money return achieved by CVC Holdco through its future exits from EquityCo still exceeds a certain threshold, CVC Holdco will share with Founder Holdco an additional cash amount equal to approximately 15% of CVC Holdco's net return that is in excess of the certain threshold.
For the avoidance of doubt, any Founder Director is entitled to pass information concerning any Group Company to Founder Holdco on a need to know basis, and any CVC Director is entitled to pass information concerning any Group Company on a need-to-know basis to CVC Holdco, and in each case to Founder Holdco's or CVC Holdco's Representatives, so long as such information is kept confidential in accordance with Clause 12 (Confidentiality and Announcements).
The initial Executives of the Company shall be jointly decided by Founder Holdco and CVC Holdco.
If any provision of the Articles at any time conflicts with any provision of this Agreement, this Agreement shall prevail as between Founder Holdco and CVC Holdco and the Parties shall whenever necessary exercise all voting and other rights and powers available to them to procure the amendment, waiver or suspension of the relevant provision of the Articles to the extent necessary to permit the Company and its affairs to be administered as provided in this Agreement.
Founder Holdco shall have the right to nominate three (3) Directors to the Board (the "Founder Directors").