Examples of Majority Other Investors in a sentence
Notwithstanding the foregoing, any amendment of, or waiver of any obligation pursuant to, this Agreement that would adversely and disproportionately affect the Other Investors in a material respect shall, in addition to the consents set forth above, require the consent of the Majority Other Investors.
The Other Investor Drag Along Notice shall set forth the principal terms of the proposed Other Investor Drag Along Transaction insofar as it relates to such Shares including (a) the number and class of Shares to be acquired from the Majority Other Investors, and (b) the consideration to be received in the proposed Other Investor Drag Along Transaction to the extent known at the time of the issuance of the Other Investor Drag Along Notice.
Thereafter, the number of Managers eligible to be on the Board may be increased by the Board so long as the Majority Other Investors have at least proportional representation on the Board based on the percentage of the outstanding Common Units held by the Majority Other Investors at such time.
Each Seller’s or Newly-Formed LLC’s rights with respect to any such Contract are held free and clear of all Restrictions other than Restrictions contained in such Contract.
Except with the prior written consent of the Majority Other Investors, the Company shall not pay, or enter into any agreement to pay, any management fee, transaction fee, financing fee, banking or advisory fee or any similar charge or fee to the Lead Investors or their Affiliates.
Any Other Investor Manager shall be removed from the Board, with or without cause, only (i) at the written request of the Majority Other Investors, or (ii) automatically at such time as the Other Investors are no longer entitled to appoint a Manager.
Any Lead Investor may Transfer any or all of its Lead Investor Shares (a) to such Lead Investor’s partners, members, managers or stockholders, as applicable, pursuant to a liquidation or winding up of such Lead Investor or otherwise pursuant to a pro rata distribution-in-kind by such Lead Investor, in each case, in accordance with the organizational documents of such Lead Investor, (b) to one or more Affiliates of such Lead Investor, or (c) with the prior written consent of the Majority Other Investors.
The Sponsors shall have the right to request five (5) Long-Form Registrations and an unlimited number of Short-Form Registrations, and the Majority Other Investors shall have the right to request three (3) Short-Form Registrations, subject to the restrictions set forth in Section 5.1.1.