ECP. So long as ECP and its Affiliates are the beneficial owners of a majority of the NESCO Shares, at the written request of ECP, the NESCO Holder shall assign to ECP (or to an Affiliate of ECP designated in writing by it), without any further consent required from any other Party, all of its rights hereunder and, following such assignment, ECP (or an Affiliate designated in writing by it) shall be deemed to be the “NESCO Holders” for all purposes hereunder; provided, that ECP (or its Affiliate designated in writing) assumes in writing responsibility for its portion of the obligations of the NESCO Holders and that, if ECP designates an Affiliate in writing, then such Affiliate shall continue to be an Affiliate of ECP at all times.
Appears in 3 contracts
Sources: Stockholders' Agreement (Nesco Holdings, Inc.), Agreement and Plan of Merger (Capitol Investment Corp. IV), Stockholders’ Agreement (Capitol Investment Corp. IV)