Oaktree Entities definition
Examples of Oaktree Entities in a sentence
Prudential/Gateway agrees to vote all shares of Common Stock held by such entities in favor of any merger, consolidation or similar transaction pursuant to which the Oaktree Entities would Transfer seventy-five percent (75%) or more of the aggregate number of shares of Common Stock held by the Oaktree Entities if such transaction is voted for by the Oaktree Entities.
To exercise this drag-along right, the Oaktree Entities shall provide written notice (a "Transfer Notice") to each of Prudential and Gateway no later than fifteen (15) Business Days prior to the date of the proposed Transfer of Common Stock containing all of the terms of the transaction and identifying the name and address of the Acquiror.
The Oaktree Entities hereby agree to convert the Senior Secured Notes due 2001 held by the Oaktree Entities into equity of the Surviving Entity immediately after the consummation of the Merger pursuant to the terms of the Shareholders Agreement dated May 26, 2000 between The Prudential Insurance Company of America, Gateway Recovery Trust and the Oaktree Entities.
This Agreement shall take effect as of the date first above written and shall continue until automatically terminated by the first to occur of (i) a Qualified Public Offering; (ii) an OCM Entity Purchase Default; (iii) an OCM Entity Funding Default; or (iv) Termination of the Agreement by the Board as a result of criminal misconduct or fraud by the Oaktree Entities.
To the extent that OMH is relieved from all or any portion of its obligations under Section 3 or Section 6, the Oaktree Entities shall be similarly relieved of such obligations pursuant to this Section 7.