CVR Entity definition
Examples of CVR Entity in a sentence
As soon as practicable but in any event within thirty (30) days after receipt of such initial notification and information, CVR shall notify the General Partner that either (a) CVR has elected to cause a CVR Entity to pursue the opportunity to acquire or invest in the Other Business Opportunity or (b) CVR has elected not to cause a CVR Entity to pursue the opportunity to acquire or invest in the Other Business Opportunity.
If, at any time, CVR or the designated CVR Entity abandons such opportunity (as evidenced in writing by CVR following the request of the General Partner), any Partnership Entity may pursue such opportunity without time limit.
For so long as any CVR Entity continues to own at least 50% of the General Partner Interest, if any Partnership Entity is presented with an opportunity to pursue, purchase or invest in any Other Business Opportunity, such Partnership Entity shall give prompt written notice to CVR, of the Other Business Opportunity.
If, at any time, the Managing General Partner or the Partnership Group Member abandons such opportunity (as evidenced in writing by the Managing General Partner following the request of any CVR Entity), any CVR Entity may pursue such opportunity without time limit.
For so long as any CVR Entity continues to own at least 50% of the Outstanding Units of the Partnership and except as permitted by Section 2.4, if any CVR Entity is presented with an opportunity to pursue, purchase or invest in any Other Business Opportunity, such CVR Entity shall give prompt written notice to the Managing General Partner, of the Other Business Opportunity.
Such notice shall set forth all information available to any CVR Entity including, but not limited to, the identity of the Other Business Opportunity and its seller, the proposed price, all written information about the Other Business Opportunity provided to any CVR Entity by and on behalf of the seller as well as any information or analyses compiled by any CVR Entity from other sources (such information referred to collectively herein as “Other Business Opportunity Information”).