Significant Stockholder definition
Examples of Significant Stockholder in a sentence
Significant Stockholder shall provide its response within two (2) days after it receives any request for such consent from Parent and, in the case of a rejection, together with an explanation therefor.
Such Stockholder has the legal capacity and all requisite power and authority to execute and deliver this Agreement and the Proxy, to perform such Stockholder’s obligations hereunder and to consummate the transactions contemplated hereby (in case of the Significant Stockholder, subject to the receipt of the Requisite Significant Stockholder Stockholder Approval with respect to its obligations under Sections 2 and 3).
Without limiting the generality of the above, without the prior written consent of Significant Stockholder, Parent shall not (i) agree to amend any term, waive any condition under, or terminate the Merger Agreement or the agreements or arrangements referred to in Section 5.8 of the Parent Disclosure Schedule or (ii) enter into any Additional Rollover Agreement.
The execution of this Agreement by the Rollover Stockholders evidences, subject to Sections 12 and 14 of this Agreement and, in the case of Significant Stockholder, the receipt of the Requisite Significant Stockholder Stockholder Approval, the irrevocable election and agreement by the Rollover Stockholders to contribute their respective Shares as set forth in Schedule A-2 hereto in exchange for Parent Interests at the Contribution Closing on the terms and conditions set forth herein.
Significant Stockholder will own 0.5% more LP Interests than Sponsor upon closing.