Portfolio Operations Support. Until the date on which BCP, BTO Omaha Holdings L.P. (“BTO Holdings”) and their respective affiliated co-investing funds have beneficial ownership (as defined in the Securities Exchange Act of 1934 and the rules and regulations of the SEC thereunder) of less than 5% of the common stock of the Company or any of its direct or indirect controlling parents, as applicable, and such stake has a fair market value (as determined in good faith by BCP and BTO Holdings) of less than $25 million (the “Exit Date”), or such earlier date as may be chosen by the Managers, the Managers intend to make available to the New Gates Parties and their respective subsidiaries the services customarily provided by Blackstone’s Portfolio Operations group to Blackstone’s private equity portfolio companies (the “Ops Support”), and the New Gates Parties agrees to accept the amount and type of Ops Support as may be determined by the Portfolio Operations group, in its sole discretion, to be warranted and appropriate. The Managers may, at any time, choose not to provide any such services. Such services will be provided without charge, other than for the reimbursement of Out-of-Pocket Expenses as described below.
Portfolio Operations Support. Until the date on which Blackstone and its affiliated co-investing funds have beneficial ownership (as defined in the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission thereunder) of less than 5% of the voting power of all of Alight’s shares of capital stock entitled to vote generally in the election of directors or equity interests in Alight and Alight OpCo that has a fair market value (as determined in good faith by BCP) of less than $25 million (the “Exit Date”), or at such earlier date chosen by BMP, BMP intends to make available to the Alight Parties and their respective subsidiaries the services customarily provided by Blackstone’s Portfolio Operations group to Blackstone’s private equity portfolio companies (the “Ops Support”), and the Alight Parties agree to accept the amount and type of Ops Support as may be determined by the Portfolio Operations group, in its sole discretion, to be warranted and appropriate. BMP may, at any time, choose not to provide any such services. Such services will be provided without charge, other than for the reimbursement of Out-of-Pocket Expenses as described below.
Portfolio Operations Support
