Examples of Holdco Sellers in a sentence
The undersigned spouses, if any, of the Holdco Sellers has read and hereby approves this Agreement.
The Holdco Sellers acknowledge that their commitment to make the subscriptions contemplated hereby is a material inducement to the Parent’s execution of the Share Purchase Agreement.
Each of the Company, Holdco, Sellers, and Buyer agrees not to participate in any substantive meeting or discussion, either in person or by telephone, with any Governmental Authority in connection with the Contemplated Transactions unless it consults with the other Parties in advance and, to the extent not prohibited by such Governmental Authority, gives the other Parties the opportunity to attend and participate.
The Company, Holdco, Sellers, and Buyer will, to the extent permitted by Law, permit counsel for the other Party or Parties the opportunity to review in advance, and will consider in good faith the views of the other Party or Parties in connection with, any proposed written communication to any Governmental Authority.
Prior to Closing and pursuant to the Restructuring, Sellers will file a “protective” S election for Seller Holdco and a qualified subchapter S subsidiary election for CalPly, which (with the transfer by Seller Trust of the CalPly Shares to Seller Holdco) Sellers will treat for Tax purposes as a reorganization under Section 368(a)(1)(F) of the Code so that Seller Holdco will be treated as a continuation of CalPly and CalPly’s original S election will be treated as never having terminated.
Without limiting the foregoing, neither Buyer, the Company, Holdco, Sellers nor their respective Affiliates shall take any action that has or may have the effect of extending any waiting period or comparable period under any Regulatory Law or enter into any agreement with any Governmental Authority not to consummate the Contemplated Transactions, except with the prior written consent of the other Parties.
Any notice, request, demand or other communication in connection with this Agreement shall be given in accordance with the requirements for notice set forth in the Share Purchase Agreement; provided, h owever, that any notice, request, demand or other communication to be given to the Holdco Sellers in connection with this Agreement shall be given to Seller’s Representative in accordance with the requirements for notice set forth in the Share Purchase Agreement.
Cxxxxx, Xxxxxx & Gxxxxxxx LLP (“Cxxxxx”) has acted as counsel for the Company, Holdco, Sellers and Sellers’ Representative (collectively, the “Cxxxxx Clients”) in connection with this Agreement (the “Sale Engagement”) and in that connection Cxxxxx has not acted as counsel for any other Person, including Buyer.
All of the shares of Class A voting common stock and Class B non-voting common stock of Seller (together, the “Holdco Shares”) are held of record by the Holdco Sellers, and such Holdco Shares constitute all of the issued and outstanding shares of capital stock of Seller.
Any notice, request, demand or other communication in connection with this Agreement shall be given in accordance with the requirements for notice set forth in the Share Purchase Agreement; provided, however, that any notice, request, demand or other communication to be given to the Holdco Sellers in connection with this Agreement shall be given to Seller’s Representative in accordance with the requirements for notice set forth in the Share Purchase Agreement.