Lisco definition
Examples of Lisco in a sentence
If such protective order or other remedy is not obtained, Lisco or such Permitted Transferee or Representative agrees to disclose only that portion of the Confidential Information which is legally required to be disclosed and to take all reasonable steps to preserve the confidentiality of the Confidential Information.
Lisco shall have the right to purchase for cash their Preemptive Right Pro Rata Share of New Common Stock which the Company may from time to time propose to sell for cash.
Sections 3.2 and 5.1 will terminate and be of no further force and effect at such time as Lisco and its Affiliates own less than 20% of the issued and outstanding shares of Common Stock of the Company.
The tag-along rights provided by this Section 2.3 must be exercised by Lisco within seven days following receipt of the notice required by the preceding sentence by delivery of a written notice to the Selling Partnership indicating its desire to exercise its rights and specifying the number of shares of Common Stock it desires to sell (the "Tag-Along Notice").
Lisco shall have 15 Business Days from the delivery date of any Preemptive Notice to agree to purchase a number of shares of New Common Stock up to the Preemptive Right Pro Rata Share (in each case calculated prior to the issuance) for the price and upon the terms specified in the Preemptive Notice by giving written notice to the Company and stating therein the number of shares of New Common Stock to be purchased.
Lisco and each Permitted Transferee to whom shares of Common Stock have been Transferred pursuant to Section 2.2 agrees that any other equity securities of the Company which it hereafter acquires by means of a stock split, stock dividend, distribution, exercise of options or warrants or otherwise (other than pursuant to a Public Offering) will be subject to the provisions of this Agreement to the same extent as if held on the date hereof.
In addition, Lisco, the Permitted Transferees and Representatives will not oppose any action (and will, if and to the extent requested by the Company, cooperate with, assist and join with the Company, at the Company's expense and on a reasonable basis, in any reasonable action) by the Company to obtain an appropriate protective order or other reliable assurance that confidential treatment will be accorded the Confidential Information.
In the event Lisco fails to purchase all of the Preemptive Right Pro Rata Share pursuant to this Article VI, the Company shall have 180 days after the date of the Preemptive Notice to consummate the sale of the New Common Stock with respect to which Lisco's preemptive right was not exercised, at or above the price and upon terms not more favorable to the purchasers of such New Common Stock than the terms specified in the initial Preemptive Notice given in connection with such sale.
The KKR Fund, Lisco and the Company agree that at all times after the date hereof, the Board shall consist of not more than one individual designated by Lisco and reasonably acceptable to the Company and the KKR Fund (the "Lisco Representative").
In the event the Company proposes to undertake an issuance of New Common Stock for cash, it shall give Lisco written notice (the "Preemptive Notice") of its intention to sell New Common Stock for cash, the price, the identity of the purchaser and the principal terms upon which the Company proposes to sell the same.