VCOC. The rights granted to the Investors under Section 8.1 of this Agreement and the existing rights with respect to the nomination of directors are intended to satisfy the requirement of management rights for purposes of qualifying the investment by the Investors in the ownership of Common Shares as a venture capital investment for purposes of the Department of Labor "plan asset" regulations, 9 C.F.R. Section 2510.3-101, and in the event such rights are not satisfactory for such purpose, the Corporation and the Investors shall reasonably cooperate in good faith to agree upon mutually satisfactory access rights which satisfy such regulations.
Appears in 2 contracts
Sources: Transfer Agreement (Moore Corporation LTD), Transfer Agreement (Patel Sanjay H)