| English term or phrase: MANAGEMENT SHAREHOLDER | At any time after the 4th anniversary, and from time to time, the Financial Investors may formally provide the Company with notice of its intent to exit the Investment. Upon receipt of the notice, the Company and the Sponsors will use their best efforts to find a buyer for 100% of the Company. The Financial Investor and the *Management Shareholder* will select a reputable investment bank to conduct an auction sales process.Alternatively, the Financial Investors may independently seek a bona fide offer.
I have never seen this term before, any ideas? I appreciate! |
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