MSCP IV definition
Examples of MSCP IV in a sentence
The Company shall reimburse MSCP IV (and any subadvisor thereof, including Metalmark) for all travel and lodging expenses in connection with attending any Board of Directors meeting of the Company on the same terms, and subject to the same policies, as shall apply to other directors of the Company.
MSCP IV may remove and replace its non-voting observer designee at any time and for any reason.
The independent auditors of the Issuer at such time shall calculate "Annual Revenues"and MSCP IV or one or more of its Affiliates shall pay all reasonable fees and expenses incurred by such independent auditors in making such calculation.
The Board shall initially consist of the five representatives (the "Representatives"), three of whom will be appointed by Blackstone (the "Blackstone Representatives"), one of whom will be a representative appointed by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Capital Partners IV, L.P. ("MSCP IV") as described in Section 3.2(b) (the "MSCP Representative") and one of whom will be the Chief Executive Officer of Vanguard (the "CEO").
The Company shall not agree to any amendment of, or grant any waiver under, the Warrants that in either such case would have an adverse effect on the Units without the prior approval of the Management Representative and the MSCP Representative (or, if there is no MSCP Representative, MSCP IV).
The Company shall not Transfer the Warrants without the prior approval of the Management Representative and the MSCP Representative (or, if there is no MSCP Representative, MSCP IV).
For so long as MSCP IV shall have the right to designate a Representative pursuant to Section 3.2, MSCP IV shall be entitled to designate one non-voting observer to attend any and all meetings of any and all committees of the Board.
In making such calculation, such auditors shall (i) except as required by the definition of "Annual Revenues" immediately above, apply generally accepted accounting principles consistent with those applied in the financial statements most recently delivered to Holders pursuant to Section 4.03 and (ii) provide a reasonably detailed written calculation of "Annual Revenues" to MSCP IV.
Such calculation shall not be final until 10 Business Days after the receipt of such certificate by MSCP IV.
For so long as either MSCP IV or the Management Members shall have the right to designate a Representative pursuant to Section 3.2, the Company shall at all times, subject to the immediately following sentence, cause the Board of Directors of each of the IPO Entity, VHS Health Holding Company I, LLC and VHS Health Holding Company II, LLC (collectively, the "Designated Subsidiaries") and each committee thereof to be comprised in its entirety of the same individuals as then comprise the Board.