Centre Entities definition
Examples of Centre Entities in a sentence
Buyers desire to reduce the voting power in the Company maintained by the Centre Entities such that the Centre Entities hold less than 50% of the total voting power associated with the Class A Common Stock.
The Management Holder agrees to execute from time to time such pledge agreements, subordination agreements, irrevocable powers of appointment to the Centre Entities or other instruments and to cause to be delivered such certificates, opinions or supporting documentation as the Agent may require in such connection.
Upon ------------------------ delivery of an Assignee Buy Back Notice, such Holder and all Permitted Transferees of such Holder shall be obligated to sell the Buy Back Securities to the Assignee and the Assignee shall be obligated to buy such Securities, provided, that if the Management Holder or the Centre Entities contest the Company Valuation, within 5 days of receipt of the Appraised Valuation, the Assignee may rescind such Buy Back Notice.
In the event the Management Holder shall exercise such right, the Company shall promptly determine the Fair Market Value of such Common Stock (including the Appraised Value if either such Management Holder or the Centre Entities shall contest the Company Valuation) and provide the Management Holder and the Centre Entities notice of such determination.
This Agreement shall terminate with respect to the Rights and obligations of (1) the Centre Entities at such time as the Centre Entities hold less than 10% of the outstanding Common Stock; and (2) any Management Holder upon termination of employment of such Holder (except for Sections 3 and 4 and subject to the Rights of the Company or the Centre Investors provided in Sections 5, 6 and 7 and of such Management Holder pursuant to Section 9 hereof).
The Lenders agree that Liens on the Collateral may be given to the Centre Entities to secure the Centre Senior Secured Notes on a pari passu basis with the Lenders' New Revolving Notes and Senior Secured Notes and to secure the Centre Junior Secured Notes on a pari passu basis with the Lenders' Junior Secured Notes and subordinate to the Liens securing the Lenders' New Revolving Notes, the Lenders' Senior Secured Notes and the Centre Senior Secured Notes.
This Agreement shall terminate with respect to the ----------- rights and obligations of (1) the Centre Entities at such time as the Centre Entities hold less than 10% of the outstanding Common Stock; and (2) all parties hereunder 10 years from the date hereof if not sooner terminated.
The Centre Entities, Other Stockholders and the Management Holders have agreed to grant certain rights and assume certain obligations as set forth herein with respect to all Common Stock acquired by Management Holders.
In order to exercise "bring along" rights under this ----------- Section 8, the Centre Entities shall deliver a notice (the "SALE NOTICE") to ----------- each Management Holder relating to a proposed Bring Along Transaction.
At least 10 but not more than 30 days after the Put Option Price shall have been determined, the Centre Entities shall purchase for cash such Common Stock at the Put Option Price.