VCOC. The rights granted to Purchaser under Section 6.1 and Section 10.1 are intended to satisfy the requirement of management rights for purposes of qualifying the indirect investment by Greenwich Street Capital Partners II, L.P. in the ownership of the Debentures as a venture capital investment for purposes of the Department of Labor "plan asset" regulations, 9 C.F.R. Section 2510.3-101, and in the event such rights are not satisfactory for such purpose, the Corporation and the Purchaser shall reasonably cooperate in good faith to agree upon mutually satisfactory access rights which satisfy such regulations.
Appears in 3 contracts
Sources: Debenture Purchase Agreement (Moore Corporation LTD), Debenture Purchase Agreement (Moore Corporation LTD), Debenture Purchase Agreement (Chancery Lane/GSC Investors Lp)