Examples of Warburg Investors in a sentence
If the Warburg Investors are proposing to sell to one or more third parties fifty percent (50%) or more of the number of the Company Securities beneficially owned by them on any date of determination, the Warburg Investors shall have the right to require each Participant to sell, in accordance with the immediately following sentence hereof, all or a portion of such Participant’s shares of Stock received in connection with an Award granted hereunder in such sale.
To exercise the rights granted under this Section 6(b), the Warburg Investors shall give each Participant a written notice, not less than fifteen (15) days prior to the proposed sale, containing (i) the name and address of the proposed transferee(s) and (ii) the proposed purchase price with respect to the shares of Stock, terms of payment and other material terms and conditions of the offer of the proposed transferee(s), including the expected closing date of the sale.
The purchase price paid for any shares of stock sold pursuant to this Section 6(b) shall be payable in the same form of consideration as received by the Warburg Investors, or in the discretion of the Committee, such other consideration as the Committee deems equitably appropriate.
The provisions of Section 6(c)(i) above shall not apply to Transfers, whether by sale or otherwise, amongst the Warburg Investors themselves, provided such transferee Affiliate(s) agree in writing to be bound by the terms of this Section 6(c).
The number of directors of the corporation shall be established by the Board of Directors; provided that the number of directors of the corporation shall not exceed ten as long as the Warburg Investors or the Goldman Investors have a contractual right to designate at least one director of the corporation.