7LCPEELP definition

7LCPEELP or the "Pledgee"). AND
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Examples of 7LCPEELP in a sentence

  • The Indemnified Party shall not consent or cause the Companies, as appropriate, to enter into any settlement of any claim, demand, lawsuit, allegation, proceeding or liability asserted by any third party against the Indemnified Party (either directly or through the Companies), except with the written consent of 7LCPEELP, which consent shall not be unreasonably withheld, delayed or conditioned.

  • The Share Pledge Agreement I shall terminate and the Escrow Agent shall release and deliver the pledged shares to 7LCPEELP on behalf of the Shareholders, when either (i) the Investor, as the pledgee directs the Escrow Agent in writing, or (ii) two years from the date of execution of the Share Pledge Agreement I, whichever is earlier.

  • The senior management and administration of the Company shall be carried out by its Board of Directors, which shall be comprised of no fewer than five and no more than nine directors, of which 7LCPEELP shall have the right to elect or appoint one director.

  • The Share Pledge Agreement II shall terminate and Escrow Agent shall release and deliver to Investor all of the Investor’s Common Shares, which amount shall equal 75% of the total Common Shares issued and outstanding as of Closing, when 7LCPEELP (acting reasonably) directs the Escrow Agent in writing that it has obtained satisfactory proof that the Investor has fulfilled its obligations and has paid to the Company the amounts described in Section 13.2 I-VI.

  • It is also hereby agreed that only at the initiative of 7LCPEELP may a director appointed by it be removed or replaced by a new director appointed by it.

  • In the event of vacancy, for any reason whatsoever, in the position of a director appointed by 7LCPEELP, such vacancy shall be filled by a new director appointed by 7LCPEELP.

  • At least 60 days prior to the date of any Transfer of all but not less than all of the Shareholders’ Common Shares by the Shareholders to a third party purchaser, 7LCPEELP may deliver a written notice by fax and/or courier (the "Drag Along Notice") to the Investor specifying in reasonable detail the identity of the Prospective Transferee, the price, the proposed date of Transfer and the other terms and conditions of the Transfer.