Examples of CIC Shareholders in a sentence
CIC or the CIC Shareholders, as the case may be, shall have the right to receive and retain any and all dividends and distributions paid on or in respect of the Escrow Shares, other than dividends or distributions constituting Escrow Shares.
CIC and the Indemnifying CIC Shareholders shall have delivered to Triad a certificate dated the Closing Date and signed by or on behalf of CIC and each Indemnifying CIC Shareholder certifying that the conditions specified in Section 7.2(A) and Section 7.2(B) have been fulfilled.
If the CIC Representative shall die or become incapacitated, the Principal CIC Shareholders shall promptly appoint a successor Person to act as the CIC Representative.
Except as set forth in Section 3.12 of the CIC Disclosure Schedule, there is no action, suit, arbitration, mediation, investigation or proceeding pending against or, to the knowledge of CIC and the Indemnifying CIC Shareholders, threatened against or affecting CIC, any of its Subsidiaries or the Old Triad Shares, at law or in equity, or before any Governmental Authority or administrative body or agency or before any arbitrator, including under any Environmental Laws.
CIC, the Indemnifying CIC Shareholders and Triad shall cooperate with one another in any such audit, examination, appeal or litigation.
CIC or the CIC Shareholders, as the case may be, shall have the right to exercise any and all voting rights with respect to the Escrow Shares.
In the event that the Escrow Agent receives any dividend or distribution on or in respect of the Escrow Shares which does not constitute Escrow Shares, the Escrow Agent agrees to promptly take all necessary actions to have such dividend or distribution transferred to CIC or to the CIC Shareholders, as the case may be.
In the event of termination of this Agreement by either Triad or CIC, as provided in this Section 9.16, this Agreement shall forthwith become void and of no further force and effect without any liability or obligation on the part of Triad, CIC or the Principal CIC Shareholders; provided, however, that nothing herein shall relieve any party from any liability for any breach by a party of any of its representations, warranties, covenants or agreements set forth in this Agreement.
CIC and the CIC Shareholders jointly and severally agree to pay all such reasonable fees and expenses of the Escrow Agent.
This Agreement may be amended, modified or supplemented but only with the written consent of Triad and the CIC Shareholders Beneficially Owning a majority of the Restricted Shares.