MCP Funds definition
Examples of MCP Funds in a sentence
If any Affiliate of the MCP Funds seeks to effectuate an in-kind distribution of all or part of its respective Registrable Securities to its direct or indirect equityholders, the Company shall, subject to any applicable lock-up agreements, work with the foregoing persons to facilitate such in-kind distribution in the manner reasonably requested.
The execution and delivery of this Agreement and such Ancillary Agreements by the Company and the consummation of the transactions contemplated by, and compliance with the provisions of, this Agreement and any such Ancillary Agreement by the Company have been duly authorized by all necessary corporate action on the part of the Company, other than the MCP Funds Written Consent, which shall be delivered immediately following the execution and delivery hereof.
A representative of the Employer and the Union shall as often as is required, review outstanding grievances to determine, by mutual agreement, those grievances suitable for expedited arbitration.
Each MCP Fund hereby agrees with the Company that, for so long as the MCP Funds are entitled to designate a majority of the Board hereunder, ▇▇▇▇▇▇ ▇▇▇▇▇▇ shall serve as Chairman of the Board, receiving aggregate annual compensation of $250,000 during his term of service on the Board, with 25% (or more in ▇▇.
No reduction in the number of shares of Parent Common Stock which the MCP Funds or Sponsor Beneficially Own shall shorten the term of any incumbent director or prevent the MCP Funds or Sponsor from designating a replacement representative pursuant to Section 1(a) or Section 1(b).
Each MCP Fund hereby agrees with the Company that, for so long as the MCP Funds are entitled to designate a majority of the Board hereunder, D▇▇▇▇▇ ▇▇▇▇▇▇ shall serve as Chairman of the Board, receiving aggregate annual compensation of $250,000 during his term of service on the Board, with 25% (or more in M▇.
In case at any time after the Merger Effective Time any further action is reasonably necessary to carry out the purposes of this Agreement, the proper officers and directors of each Party to this Agreement and their respective Subsidiaries shall (at Parent's sole expense) take all such lawful and necessary action as may be reasonably requested by the MCP Funds or Parent.
Notwithstanding anything to the contrary set forth in this Agreement, the provisions of Section 2.15 and Section 2.17 (a) shall survive the Merger Effective Time and the Final Merger Effective Time, (b) are intended to be for the benefit of, to grant third-party rights to and shall be enforceable by, and may not be amended without the approval of, the MCP Funds and (c) are in addition to, and not in substitution for, any other rights that any such Person may have by Contract or otherwise.
The Company, the MCP Funds and Sponsor acknowledge and agree that, as of the date hereof, the Company is a "controlled company." "Beneficially Own" as used herein means that a specified Person has or shares the right, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to vote shares of capital stock of the Company.
As used herein, the term "Independent Third Party Investor" means any Person other than the MCP Funds and their Affiliates who is granted the right to designate one or more representatives to the Board in connection with the acquisition of securities of the Company or any of its Subsidiaries having a value equal to or greater than the lesser of (i) $50 million and (ii) 20% of the Company's market capitalization as of the date of the acquisition of such securities.