Examples of Contributing Holders in a sentence
Each of the Company and the Contributing Holders shall contribute towards a Claimant’s Underwriter Liability by delivering their respective Contribution Amounts to the Claimant within ten (10) New York Business Days following their receipt of evidence of payment of an Underwriter Liability by such Claimant, in accordance with the wire transfer instructions set forth in the corresponding Claim Notice.
None of the foregoing agreements requires any material performance or forbearance by the Contributing Holders prior to the Effective Time.
A Claimant shall be required to notify the Company and the Contributing Holders promptly of any change in any of the foregoing information.
During the period from the date hereof through the Closing Date, the Contributing Holders shall cause JGW, the Partnerships and the General Partners to continue to carry on their businesses in the ordinary course and in accordance with past practice and not to take any action inconsistent therewith or with the consummation of the Closing.
Notwithstanding the foregoing, the Contributing Holders shall not be responsible for any portion of any deferred tax liability which may be recorded on the balance sheet of the Corporations or the Company upon termination of the S corporation status.
The parties hereto agree that such percentage or amount of such Escrow Property or portion thereof that shall be specified for release to the Payments Administrator for further distribution to any or all of the Contributing Holders (or the 102 Trustee or a U.S. Subsidiary, if applicable) in such written instructions or Order shall be determined and calculated by the Representative such that the amount so distributed to any Contributing Holder is equal to such Contributing Holder’s Pro Rata Share.
Immediately upon receipt of the New Refco Units, Holdings hereby agrees to issue to each of the Contributing Holders the number of shares of Holdings Common Stock set forth opposite such Contributing Holder’s name on Schedule 1 attached hereto, free and clear of any and all liens, encumbrances or restrictions of any kind, except as specifically set forth in this Agreement.
For the avoidance of any doubt, Escrow Agent is not authorized to, and hereby undertakes not to, release or distribute the Escrow Property (or any portion thereof) directly to any of the Contributing Holders.
Each Contributing Holder is acquiring shares of Common Stock for such Contributing Holder's own account, for investment and not with a view to the sale or distribution thereof or with any present intention of selling or distributing any thereof, except in conformity with the Securities Act.
By: ---------------------------- Name: Title The Contributing Holders: ------------------------------- Xxxxx X.