HMC Group definition
Examples of HMC Group in a sentence
The Purchase Option may be assigned or transferred in whole or in part by HMTF to any one or more members of the HMC Group without any consent or other action on the part of any other party hereto.
The rights of HMTF under this Section 5.3 may be assigned or transferred in whole or in part by HMTF, without any consent or other action on the part of any other party hereto, to any one or more members of the HMC Group.
If, prior to his election to the Board of Directors of the Company pursuant to Section 2.1.1 hereof, any HMC Group Designee shall be unable or unwilling to serve as a director of the Company, the HMC Group shall be entitled to nominate a replacement who shall then be an HMC Group Designee for purposes of this Section 2.
After receipt of the Transfer Notice, HMTF (or as provided in Section 5.3.3, an assignee of HMTF who is a member of the HMC Group) shall have the option for 15 days from the date of receipt of the Transfer Notice to elect to purchase all, but not less than all, of the Offered Securities upon the same terms and conditions as those set forth in the Transfer Notice by delivering a written notice (the "Election Notice") of such election to such Holder within such 15-day period.
In addition, the provisions of Section 4.1 hereof shall terminate when either of the Existing Stockholders, on the one hand, or the HMC Group, on the other hand, Beneficially Own less than 10% of the number of shares of Common Stock issued and outstanding on the date of determination.
Subject to Section 2.1.3, the Board of Directors of the Company shall consist of such individuals as may be designated from time to time by the HMC Group (an "HMC Group Designee").
The Option may be assigned or transferred in whole or in part by HMTF to any one or more members of the HMC Group without any consent or other action on the part of any Holder, and all references herein to "HMTF" will include without limitation each assignee or transferee of all or any part of the Option.
The right of HMTF to designate directors under Section 2.1.1, and the obligation of the Holders to vote their shares for the HMTF Designees, shall terminate upon the first to occur of (i) the termination or expiration of this Stockholders Agreement or this Article 2, (ii) such time as HMTF elects in writing to terminate its rights under this Article 2, or (iii) such time as the HMC Group ceases to own, in the aggregate, at least 10% of the number of shares of Common Stock owned by HMTF/Omni at the Closing.
The provisions of Section 4.6 hereof shall terminate when the HMC Group Beneficially Owns less than 50% of the number of shares of Common Stock issued on the Closing Date.
The right of the HMC Group to designate directors under Section 2.1.1, and the obligation of the Holders to vote their shares as provided herein, shall terminate upon the first to occur of (i) the termination or expiration of this Stockholders Agreement or this Article 2, (ii) such time as the HMC Group elects in writing to terminate its rights under this Article 2, or (iii) such time as the HMC Group cease to own any shares of Common Stock.