Examples of Founder Parties in a sentence
For the avoidance of doubt, the Sellers, including the Founder Parties, are entitled to sell, charge, pledge, mortgage or otherwise encumber shares of capital stock or otherwise dispose of Annual Sales Quota from the calendar year the Conversion happened in.
Except as previously disclosed to the Sellers and the Founder Parties in written form and as set forth in the Purchaser’s SEC Reports, Purchaser is and has been in compliance in all material respects with the applicable listing and corporate governance rules and regulations of The New York Stock Exchange.
The Sellers, including the Founder Parties, shall not sell, charge, pledge, mortgage or otherwise encumber shares of capital stock or otherwise dispose of more than one third (1/3) of their respectively Issued ADSs in equal installments during each calendar year after the Conversion (the “Annual Sales Quota.), subject to customary compliance with the limitations on sale under Rule 144 of the Securities Act.
This Agreement is for the sole benefit of, shall be binding upon, and may be enforced solely by members of the Buyer Consortium and each Shareholder and nothing in this Agreement, express or implied, is intended to or shall confer upon any person (other than members of the Buyer Consortium and each Shareholder) any legal or equitable right, benefit or remedy of any nature whatsoever.
The Founder Parties and the Sponsor Parties shall collectively engage (including the scope and engagement terms) all joint Advisors to the Consortium in connection with the Transaction.