Examples of MYT Parent in a sentence
The Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly (whether by merger, consolidation, amendment, recapitalization or otherwise), without the approval of the Holder Majority, amend, alter or repeal any of the provisions set forth in the pledge agreement by MYT Parent of the common equity of the Company relating to the items set forth in Article II or Article III.
MYT Parent shall have no operations or business other than holding the equity interests of MYT Holdco (including, that MYT Parent shall not incur any indebtedness, liens, or other liabilities, other than liabilities resulting from its ownership of the equity interests of MYT Holdco).
Each of MYT Parent shall not, and shall cause MYT Holdco not to, by any voluntary action directly or indirectly through any subsidiary, including amending its governing documents or through any reorganization, reclassification, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other similar voluntary action, avoid the observance or performance of any of the terms set forth in this Letter Agreement.
MYT Holdco and MYT Parent shall not (and shall not permit their subsidiaries to) take any action that causes, directly or indirectly (including by amendment, modification, recapitalization, reclassification, reincorporation, redomiciling, share exchange, merger, consolidation, liquidation, dissolution or otherwise) the amount that is required to be paid or distributed by MYT Holdco in the manner described in Section 1(a) to exceed $200.0 million.
MYT Parent shall not effectuate a MYT Secondary Sale unless the agreement governing such MYT Secondary Sale requires the seller(s) to direct the purchaser(s) to fund the proceeds of such MYT Secondary Sale directly or indirectly (if such proceeds are thereafter distributed or contributed to MYT Holdco, as applicable) to MYT Holdco for distribution in the manner set forth in Section 1.