Examples of Sponsor Investor in a sentence
Accordingly, in addition to the New Equity Contributions, on or after the Effective Date, the Equity Sponsor Investor or the Equity Sponsor, as the case may be, shall also receive on the date thereof: (i) one New Class B Unit in Reorganized Holdings for each dollar of the Equity Sponsor L/C Related Contributions (not to exceed $2.9 million) in respect of such subrogation claims.
In addition, in the event of any Equity Sponsor L/C Related Contributions, such Equity Sponsor L/C Related Contributions shall give rise to subrogation claims of the Equity Sponsor Investor or the Equity Sponsor, as the case may be, against smarTours or Reorganized smarTours, as applicable, in an amount equal to such Equity Sponsor L/C Related Contributions.
In such instance, the conflicted indemnified parties will have a right to retain one separate counsel, chosen by the majority of the conflicted indemnified parties involved in the indemnification and approved by the Sponsor Investor, at the expense of the indemnifying party.
The Sponsor Investors may permit any Person who acquires Common Stock (or rights to acquire Common Stock) to become a party to this Agreement and to be entitled to and be bound by all or any specified portion of the rights and obligations as a Sponsor Investor and/or Holder by obtaining an executed Joinder.
Upon the execution and delivery of a Joinder by such Person, the Common Stock held by such Person shall become the category of Registrable Securities (i.e. Sponsor Investor Registrable Securities, Sharma Investor Registrable Securities or Executive Registrable Securities), and such Person shall be deemed the category of Holder (i.e. Sponsor Investor, Sharma Investor or Executive), in each case as set forth on the signature page to such Joinder.