Apax Group definition

Apax Group has the meaning set forth in the Certificate.

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Apax Group means Disco (Cayman) Acquisition Co. and its Affiliates (including all of its partners, officers, and employees in their capacities as such, and any private equity, investment or similar fund advised by Apax Partners LP);

Apax Group means the Apax Investor and its Affiliates.

Examples of Apax Group in a sentence

The Company may assign its rights under this Section 5 to any of its Subsidiaries or to any member of the Apax Group (or its designee) so long as any Repurchase Note is issued or guaranteed by the Company.
For purposes of calculating the cumulative cash return received by the Apax Group, Marketable Securities (as defined below) shall be treated as cash.
If upon the consummation of the Exit Event, the Apax Group fails to achieve the IRR Hurdle, the Company shall have the right, but not the obligation, to repurchase all or any portion of Employee’s Retained Shares at a purchase price equal to the lesser of (x) the Unreturned Common B Capital Amount of such Unvested Shares and (y) the Fair Value of such Unvested Shares as of Employee’s Termination Date.
If Employee is employed by the Company or its Subsidiaries as of the date on which the Apax Group achieves an Apax IRR equal to or greater than 8% (the “IRR Hurdle”), all of the Shares held by Employee shall fully vest on such date.
The General Partner, the Employer and the Apax Group shall have the right, but not the obligation, in its sole discretion, to exercise the Call Option during the thirty (30) day period following the lapse of any Legal Prohibition, but in any event not later than three (3) years after the exercise of the Call Option; provided, that such right shall terminate immediately prior to a Change of Control.
The composition of any committee or subcommittee of the Board or any Sub Board shall be determined by the Board and shall include a number of Apax Directors that will ensure that the Apax Group has the majority of the votes in such committee, unless otherwise approved by the Majority Apax Stockholders in their sole discretion; provided, that each Apax VCOC Stockholder shall have the right to designate one Apax Director to any such committee or subcommittee.
Class D-2 Units shall become Participating Class D Units following the later of (i) the date on which aggregate Distributions exceed the Minimum Threshold Equity Value and (ii) the date on which aggregate Distributions exceed an amount necessary for the Apax Group to achieve an MOIC equal to (A) 3, with respect to Class D-2 Units and (B) 4, with respect to Class D-3 Units.
Notwithstanding the foregoing, all Time-Vesting Units held by the Management Partner shall vest, to the extent outstanding on such date, upon a Change of Control or, if earlier, in the event that any person (including a “person” within the meaning of Section 13(d)(3) or 14(d)(2) of the ▇▇▇▇ ▇▇▇) owns a larger percentage of equity interests in the Partnership than Apax Group.
In addition, the obligations of the Apax Group, on the one hand, and each Apax Transferee, on the other hand, are several and not joint.
Class D-1 Units shall become Participating Class D Units following the later of (i) the date on which aggregate Distributions exceed the Minimum Threshold Equity Value and (ii) the date on which aggregate Distributions exceed an amount necessary for the Apax Group to achieve an MOIC (as defined below) equal to 1.

More Definitions of Apax Group

Apax Group means the Apax Investor and its Affiliates (which shall include for these purposes any private equity, investment or similar fund advised by Apax Partners LP).

Apax Group means Apax and each and every direct and indirect transferee of Apax pursuant to clause (iii) of the definition of “Permitted Transfer.” Unless the Company is otherwise notified in writing by Apax, Apax shall at all times serve as the designated representative to act on behalf of the Apax Group for purposes of this Agreement and shall have the sole power and authority to bind the Apax Group with respect to all provisions of this Agreement; provided, however, that if Apax chooses to cease to serve as the designated representative of the Apax Group, then Apax or, in the absence of Apax doing so, a majority in interest of the members of the Apax Group at such time shall designate and appoint one member of the Apax Group to serve as the designated representative of the Apax Group for purposes of this Agreement, which designee (and any successor thereafter designated and appointed) shall have the sole power and authority to bind the Apax Group with respect to all provisions of this Agreement. The Company and the Stockholders shall be entitled to rely on all actions taken by Apax or such designee on behalf of the Apax Group.

Apax Group means Apax and each and every direct and indirect transferee of Apax pursuant to clause (i), (ii) or (iii) of the definition of “Permitted Transfer.” Unless the Company is otherwise notified in writing by Apax, Apax shall at all times serve as the designated representative to act on behalf of the Apax Group for purposes of this Agreement and shall have the sole power and authority to bind the Apax Group with respect to all provisions of this Agreement; provided, however, that if Apax chooses to cease to serve as the designated representative of the Apax Group, then Apax or, in the absence of Apax doing so, a majority in interest of the members of the Apax Group at such time shall designate and appoint one member of the Apax Group to serve as the designated representative of the Apax Group for purposes of this Agreement, which designee (and any successor thereafter designated and appointed) shall have the sole power and authority to bind the Apax Group with respect to all provisions of this Agreement. The Company and the Stockholders shall be entitled to rely on all actions taken by Apax or such designee on behalf of the Apax Group.

Apax Group means Apax Partners Europe Managers Limited and any company which is a subsidiary of Apax Partners Europe Managers Limited, a holding company of any of those companies or a subsidiary of such holding company but, for the avoidance of doubt, shall not include any portfolio companies in which any such company or the Apax Funds has invested from time to time.