Additional Sponsor definition

Additional Sponsor means any one of (a) a member of the Charterer Group (as at the date of this Agreement), (b) an Affiliate of any member of the Charterer Group which is approved by all the Facility Lenders (acting reasonably) or (c) any other person which is approved by all the Facility Lenders. Additional Sponsor Date means the date upon which Additional Sponsor acquires up to a maximum of fifty per cent. (50%) of the membership interests in the Borrower and at its option, a maximum of up to fifty per cent. (50%) of the shares in the Bareboat Charterer, upon, and subject to, the satisfaction of each of the conditions precedent set out in Schedule 2, Part 5 of this Agreement.

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Additional Sponsor shall have the meaning ascribed to such term in Section 1.4(a) hereof.

Additional Sponsor means any Person who becomes a beneficial owner of more than 10% economic or voting securities in Direct Parent; provided that such Person(s) (x) is not a Prohibited Person, (y) DOE has received all documentation and other information requested by DOE related to “know your customer” and other requirements (including, the Anti-Money Laundering Laws) and (z) DOE, in its sole discretion, has approved in writing of such Person(s) becoming an Additional Sponsor.

Examples of Additional Sponsor in a sentence

• The closing of the purchase and sale of the Additional Sponsor Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”).

• The closing of the purchase and sale of each of the Sponsor Warrants and the Additional Sponsor Warrants shall take place at the offices of EG&S, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇, or such other place as may be agreed upon by the parties hereto.

• The closing of the purchase and sale of each of the Sponsor Warrants and the Additional Sponsor Warrants shall take place at the offices of Ellenoff ▇▇▇▇▇▇▇▇ & Schole LLP, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇, or such other place as may be agreed upon by the parties hereto.

• The closing of the purchase and sale of the Additional Sponsor Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option exercise (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”).

• The closing of the purchase and sale of each of the Sponsor Warrants and the Additional Sponsor Warrants shall take place at the offices of Ellenoff G▇▇▇▇▇▇▇ & Schole LLP, 1▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇, or such other place as may be agreed upon by the parties hereto.

• The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the Warrant Agreement and the issuance and sale of the Sponsor Warrants and Additional Sponsor Warrants.

• The closing of the purchase and sale of the Additional Sponsor Warrants, if applicable, shall take place simultaneously with the applicable closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”).

• The closing of the purchase and sale of each of the Sponsor Warrants and the Additional Sponsor Warrants shall take place at the offices of ▇▇▇▇▇▇ & ▇▇▇▇▇▇ L.L.P., ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 2500, Houston, Texas 77002, or such other place as may be agreed upon by the parties hereto.

• The closing of the purchase and sale of each of the Sponsor Warrants and the Additional Sponsor Warrants shall take place at the offices of ▇▇▇▇▇▇ ▇▇▇▇▇▇ LLP, ▇▇▇ ▇ ▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇, or such other place as may be agreed upon by the parties hereto.

• The closing of the purchase and sale of the Additional Sponsor Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option (such closing date, together with the Initial Closing Date, each, a “Closing Date”).

More Definitions of Additional Sponsor

Additional Sponsor means the Sibanye Sponsor or an Acceptable Sponsor who becomes a “Sponsor” and a “Sponsor Entity” hereunder in accordance with Section 4.05(b) (Sponsor Accession).