Disallowed SPV Entity

Disallowed SPV Entity. Any SPV Entity (i) (x) whose terms permit the distribution of shares of the Company's capital stock prior to the expiration of the applicable lockup period with respect to the Initial Offering or (y) whose terms permit the direct or indirect Transfer of such SPV Entity's ownership interests to any party that is not Affiliated with an Investor and (ii) that is not controlled or managed by an Investor or an Affiliate of such Investor. Notwithstanding the foregoing, the term "Disallowed SPV... Entity" shall not include any Investor listed on Schedule A hereto as of the date of this Agreement. View More