BC Holder definition
Examples of BC Holder in a sentence
Such Affected Class B/C Holder shall promptly pay (or cause to be promptly paid) in cash to such Specified Class A Holders such pro rata portion of such Tax Benefits.
For clarity, without limiting any other remedies available to the parties with respect to breaches of this Section 7.16, no breach by an Affected Class B/C Holder of any other provision of this Section 7.16 will deprive such holder from receiving an acceleration under Section D.3 of Article Fourth of the Charter.
The holders of such Class A Shares shall use commercially reasonable efforts to preserve the privacy of such Affected Class B/C Holder in connection with realizing such Tax Benefits (including, as may be appropriate under the circumstances, by using third-party advisors) and such Affected Class B/C Holder shall be entitled to redact information irrelevant to such Tax Benefits in the tax documentation furnished to such holders of Class A Shares to preserve privacy.
In consideration of the mutual covenants and undertakings contained herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree that, notwithstanding anything to the contrary set forth in the Exchange Agreement, each B/C Holder may elect to effect an Exchange otherwise permitted thereunder in the manner specified in this clause 8 (such exchange, a “B/C Exchange”).
In this Agreement: BC Holder Means a holder of Beneficiary Certificates.