Examples of Indemnity Shares in a sentence
To the extent any Indemnity Shares are not subject to an indemnification claim against a Seller under Section 14.2 within six months after the Closing, Purchaser shall instruct the Escrow Agent to release such Indemnity Shares to the Sellers entitled to them in accordance with the Plan of Recapitalization.
Purchaser shall instruct the Escrow Agent to release any Indemnity Shares that are subject to such an indemnification claim to the relevant Seller to the extent Purchaser and such Seller or a court of competent jurisdiction finally resolves such claim in favor of such Seller without the possibility of appeal.
Each of the Indemnity Share Members initially participating in the Project have been assigned an Indemnity Share as set forth in the Schedule of Indemnity Shares attached hereto pursuant to Supplemental Contracts with such Members identical to this contract except for the identification of the parties and the signature pages.
For the avoidance of doubt, Seller’s indemnity obligations hereunder shall be deemed to be properly provided for so long as the distribution of any Indemnity Shares to a Participating Stockholder remains conditioned on the execution and delivery by such Participating Stockholder of a Lock-Up Agreement.
The Member hereby agrees to pay its Indemnity Share of Project Costs as set forth in the Schedule of Indemnity Shares.