Sponsor Group definition
Examples of Sponsor Group in a sentence
If a Person ceases to be a member of the Sponsor Group, then such Person shall cease to have any rights or obligations hereunder; provided, that such Person shall remain liable for any breaches of this Agreement by it prior to the date it ceases to be a member of the Sponsor Group.
The Management Stockholder Group will take all such actions and deliver all such documents and instruments as the Company or the Sponsor Group, as the case may be, reasonably requests to vest in the Company or the Sponsor Group, respectively, title to the Callable Equity free of any lien, claim, charge, restriction or encumbrance incurred by or through the Management Stockholder Group.
The Management Stockholder Group will cause the Callable Equity to be delivered to the Company or the Sponsor Group, as the case may be, at the closing free and clear of all liens, claims, charges or encumbrances of any kind, other than those which continue to apply pursuant to the terms of this Agreement.
Any aforementioned amendment, supplement, modification, waiver or consent shall be binding upon the Company, the Sponsor Group and all members of the Management Stockholder Groups.
Each Tag-Along Stockholder shall reimburse the Sponsor Group for its proportionate share (based on the consideration received) of the reasonable out-of-pocket costs and expenses incurred by the Sponsor Group in connection with any such Tag-Along Sale.