Axar definition

Axar means Axar Capital Management, LP.
View Source
Axar shall have the meaning set forth in the Introductory Paragraph. “Axar Designee” shall have the meaning set forth in Section 2.1.2(b). “Bankruptcy Code” means chapter 11 of title 11 of the United States Code.
View Source
Axar. Axar Capital Management, LP.
View Source

Examples of Axar in a sentence

  • Solely after the Refinancing, as of the first date that the Axar Group, collectively, beneficially owns less than 10.00% of the Outstanding Common Stock, but at least 5.00% of the Outstanding Common Stock, the Axar Entities shall only be entitled to designate one (1) Axar Designated Director.

  • Memorandum of Understanding dated July 31, 2018 by and among GP Holdings, Axar Capital Management, LP, a Delaware limited partnership, and ▇▇▇▇▇▇ ▇.

  • Solely after the Refinancing, as of the first date that the Axar Group, collectively, beneficially owns less than 5.00% of the Outstanding Common Stock, the right of the Axar Entities to designate any Axar Designated Directors pursuant to this Section 1 shall immediately terminate.

  • Solely after the Refinancing, as of the first date that the Axar Group, collectively, beneficially owns less than 15.00% Outstanding Common Stock, but at least 10.00% of the Outstanding Common Stock, the Axar Entities shall only be entitled to designate up to two (2) Axar Designated Directors.

  • Nomination and Director Voting Agreement dated as of September 27, 2018 by and among StoneMor GP LLC, a Delaware limited liability company, Axar Capital Management, LP, a Delaware limited partnership, Axar GP LLC, a Delaware limited liability company, Axar Master Fund, Ltd., a Cayman Islands exempted limited partnership, and ▇▇▇▇▇▇ ▇.

  • From and after the Effective Time and so long as the Axar Entities and their respective Affiliates (the “Axar Group”), collectively, continue to beneficially own at least 33% of the Common Stock that the Axar Group owned immediately following the Effective Time (the “Axar Initial Share Ownership”), the Axar Entities shall be entitled to designate up to one (1) Axar Designated Director pursuant to this Section 1.

  • As of the date hereof, other than 88,633,045 Shares beneficially owned by the Axar Vehicles, none of Axar, Parent, Merger Sub, AC Holdings, the Axar Vehicles, or any direct or indirect Subsidiary of Axar, Parent, Merger Sub, AC Holdings, or any Axar Vehicle (other than the Company and its direct or indirect Subsidiaries), beneficially own (as such term is used in Rule 13d-3 promulgated under the Exchange Act) any Shares.

  • In connection with the negotiation, execution, exercise of rights under and consummation of the transactions contemplated by this Agreement and the Merger Agreement, ACII and the Axar Entities may have received and may receive in the future certain confidential, non-public and proprietary information concerning the business, operations and assets of the Partnership and its Subsidiaries (collectively, the “Confidential Information”).

  • Each such Purchaser is among the funds or accounts managed by Axar Capital Management, LP within the meaning of the definition of “Axar” in the Agreement.

  • By: Axar Capital Management LP, its investment manager By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Authorized Signatory STAR V PARTNERS LLC.