Pre-Closing Reorganization definition
Examples of Pre-Closing Reorganization in a sentence
The Person acting as the Sellers’ Representative may be changed from time to time by approval of the holders of a majority of the outstanding Company Units immediately prior to the Closing (prior to giving effect to the Pre-Closing Reorganization or the Blocker Purchase), upon not less than fifteen (15) days’ prior written notice to Buyer and the current Sellers’ Representative.
Notwithstanding anything to the contrary contained herein, this Section 6.04(a) shall not apply to the Pre-Closing Reorganization.
Any vacancy in the position of the Sellers’ Representative may be filled by approval of the holders of a majority of the outstanding Company Units immediately prior to the Closing (prior to giving effect to the Pre-Closing Reorganization or the Blocker Purchase).