Collective Parties Clause Samples

Collective Parties. (a) In the event of a Party (other than the “Shareholders”) which is defined by a collective defined term herein (i.e., comprises multiple entities but is represented by one defined term), the rights of such Party under this Agreement may be exercised by any such constituent entity and the other Parties shall be entitled to rely on such constituent entity as the authorised representative of all constituent entities. Notice delivered to such a Party pursuant to Schedule A shall be deemed effective if properly delivered to any of its constituent entities. (b) In the event of (i) a Transfer of Securities under this Agreement by Coty to a Permitted Transferee which is a Person in the JAB Group or (ii) the issuance of New Securities by any member of the Group to a Person in the JAB Group pursuant to Article IV of this Agreement, the Equity Percentages of such Persons shall be aggregated and shall be deemed to collectively be “Coty” and members of the “Coty Shareholder Group” for the purposes of determining Coty’s continuing rights under this Agreement (including the governance rights under Article III and the various decisions which are subject to the prior consent of, or consultation with, Coty). (c) Any and all rights of Coty under this Agreement, whether acting in its capacity as Shareholder or otherwise, may be exercised in accordance with the instructions of the Coty Parent.