Examples of Founder Entities in a sentence
Each of the Founder Entities shall not, and each Founder shall cause each of the Founder Entities not to, issue to any person any equity securities of each of the Founder Entities or any options or warrants for, or any other securities exchangeable for or convertible into, such equity securities of each of the Founder Entities.
The Founder Entities were formed solely to acquire and hold the Equity Securities in the Company, the Company was formed solely to acquire and hold the Equity Securities in the HK Subsidiary, and the HK Subsidiary was formed solely to acquire and hold the Equity Securities in the WFOE.
Notwithstanding the foregoing, the agent and attorney in fact rights granted to the TRA Party Representative pursuant to the terms of this Section 7.14 shall not apply to, be binding on, or be deemed to be granted by, the Founder Entities.
There is no Action pending, or to the Knowledge of each Warrantor, threatened in writing (i) against any Group Company, Founders and/or Founder Entities or (ii) against any consultant, officer, director or Key Employee of any Group Company arising out of his or her consulting, employment or board relationship with such Group Company or that could otherwise materially impact such Group Company.
There is no Action by any Group Company, Founders and/or Founder Entities pending or that any Group Company, Founders and/or Founder Entities intends to initiate.