QPGL definition
Examples of QPGL in a sentence
Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned by any Party (whether by operation of Law or otherwise) without the prior written consent of the Company and the Requisite Commitment Parties, other than an assignment by a Commitment Party, Reserve Party or QPGL expressly permitted by Section 2.3 or Section 2.6 and any purported assignment in violation of this Section 10.2 shall be void ab initio.
The Debtors shall not use the name of any Commitment Party, Reserve Party or QPGL in any press release without such Party’s prior written consent.
The Company understands and confirms that the Commitment Parties, Reserve Parties and QPGL will rely on the foregoing covenant and the covenant in Section 6.13(a) above in effecting transactions in securities of the Company.
This Agreement shall terminate solely with respect to QPGL and any Affiliate Transferee, and QPGL and any Affiliate Transferee shall not have the right to purchase any QP Private Placement Shares in the QP Private Placement if QPGL or any Affiliate Transferee fails to deliver the QP Certification in accordance with Section 2.4(c).
Such Commitment Party or QPGL, as applicable, understands and is able to bear any economic risks associated with such investment (including the necessity of holding such shares for an indefinite period of time).
To the extent that a Commitment Party, Reserve Party or QPGL, as applicable, is not a natural person, such Commitment Party, Reserve Party or QPGL, as applicable, is a legal entity duly organized, validly existing and, if applicable, in good standing (or the equivalent thereof) under the Laws of its jurisdiction of incorporation or organization.
Such Commitment Party, Reserve Party or QPGL, as applicable, is an “accredited investor” within the meaning of Rule 501(a) of the Securities Act or a “qualified institutional buyer” within the meaning of Rule 144A of the Securities Act.
The Bankruptcy Court shall have entered the Confirmation Order in form and substance reasonably satisfactory to QPGL (solely with respect to those provisions that implement the QP Private Placement or the Global Settlement), and such Order shall be a Final Order.
The Debtors acknowledge and each Commitment Party, each Reserve Party and QPGL confirms that it has independently participated in the negotiation of the transactions contemplated under this Agreement with the advice of counsel and advisors.
The Bankruptcy Court shall have entered the Approval Order in form and substance reasonably acceptable to QPGL (solely with respect to those provisions that implement the QP Private Placement or the Global Settlement), and such Order shall be, or shall have become, a Final Order.