Board Access. The Company and the Managing Member agrees as follows: (a) If reasonably required, in order to qualify any of the Units as a venture capital investment (as defined in the Department of Labor Regulation § 2510.3-101) then the Company shall promptly provide true and correct copies of all documents, reports, financial data, and such additional financial and other information with respect to the Company, and its Subsidiaries as THL (and any other parent company of THL that is a venture capital operating company) may from time to time reasonably request. (b) The Company’s obligation pursuant to Section 9.1(b) shall survive until the time that THL holds directly or indirectly less than fifty percent (50%) of its initial equity investment in the Company.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Black Knight Financial Services, Inc.), Limited Liability Company Agreement (Black Knight Financial Services, Inc.)