Laminar definition
Examples of Laminar in a sentence
No later than August 31, 2006, the Company shall take all reasonable action within its control to cause the Board of Directors of the Company to be comprised of nine (9) members, including two (2) Prentice Directors and two (2) Laminar Directors in accordance with Sections I.1(a) and I.2(a) hereof.
Should a person designated pursuant to this Section I.2(a) be unwilling or unable to serve, or otherwise cease to serve, the Company shall cause persons designated by Laminar (subject to the provisions of Section I.2 and I.3(a)) to replace such member on the board of directors.
Laminar shall be a third party beneficiary of this Section 3.3 with the full right to enforce it.
The right to designate Laminar Directors is personal to Laminar and may not be assigned except in its entirety to an affiliate of Laminar or any Laminar Buyer.
At any time that Prentice or Laminar shall have the right to nominate any director(s) pursuant to this Section I, the Company shall not take any action to change the size of the entire board of directors of the Company from nine persons, including, without limitation, by way of amendment of its bylaws or certificate of incorporation.
Shaw Laminar Portfolios, L.L.C., unless the Investor shall have transmitted a notice to the Company in accordance with Section 4.2 hereof specifying different information to be used in respect of the Put Option Shares relating to it prior to the Closing Date.
Shaw Laminar Portfolios, L.L.C., Par IV EQUITYHOLDERS: Master Fund, Ltd., Sunrise Partners Limited Partnership, Sigma Capital Associates, LLC and Goldman, Sachs & Co., or their respective ▇▇▇ignees that are reasonably acceptable to the Company (collectively, the "Significant Equityholders").
The proceeds of the Closing Date Term Loans, together with cash on hand of the Borrower, shall be used to (a) refinance and replace the 2022 Term Loans, (b) pay all or a portion of the consideration for the Laminar Acquisition, and (c) pay related fees and expenses.
The $350,000 of Laminar Expense Reimbursement shall be increment al to any expense reimbursements to which Laminar may otherwise be contractually or otherwise entitled pursuant to an order of the Bankruptcy Court, except that Laminar shall not be entitled to any duplicative recovery of fees and expenses.
The Prentice Investors and the Laminar Investors shall each have the right, as applicable, to select one legal counsel to review and oversee any registration pursuant to this Section II.2 (the "Prentice Legal Counsel" and the "Laminar Legal Counsel", respectively, and collectively, “Legal Counsel”).