Apax Funds definition
Examples of Apax Funds in a sentence
For the Services listed in Sections 2(a)(iv) and/or 2(a)(v), as the case may be, upon the occurrence of a Subsequent Transaction, the Company shall pay to the Service Provider (or its designee) a fee in an amount equal to the product of (x) three percent (3.0%) of the sum invested by the Apax Funds and their Affiliates in the Subsequent Transaction and (y) the Sharing Percentage.
The Apax Funds are intended third party beneficiaries of Section 5.03, Section 5.10 and Section 5.17.
In the event the Corporate Governance and Nominating Committee does not conclude that any such Initial Independent Designee satisfies all such standards, the Company and the Apax Funds (acting collectively) shall repeat the foregoing procedure to identify a replacement designee (such replacement designee shall be deemed to constitute an Initial Independent Designee in lieu of such prior designee).
Upon the occurrence of a Subsequent Transaction, the Company shall pay to the Advisor or its designee a fee equal to three percent (3.0%) of the sum invested by Apax Funds or their Affiliates in the Subsequent Transaction.
No event has occurred which, with or without notice, lapse of time or both, would or would reasonably be expected to constitute a default or breach on the part of the Investor or the Apax Funds under the Equity Commitment Letter.