Termination of Voting Provisions. The provisions of this Article IV shall terminate and be of no further force and effect upon the termination of the management provisions of the Sponsor Shareholder Agreement following an IPO.
Appears in 2 contracts
Sources: Management Subscription and Shareholders’ Agreement (Burger King Holdings Inc), Management Subscription and Shareholders’ Agreement (Burger King Holdings Inc)
Termination of Voting Provisions. The provisions of this Article IV shall terminate and be of no further force and effect (i) in the case of the Company Shares, upon the termination of the management provisions of the Sponsor Shareholder Agreement following an IPOIPO and (ii) in the case of the Purchased Senior Notes, as and to the extent Sponsors holding a majority or more in principal amount of the Senior Notes then collectively owned by the Sponsors may direct, in writing, from time to time.
Appears in 1 contract
Sources: Subscription and Shareholders’ Agreement (Burger King Holdings Inc)