Designated Shareholders definition
Examples of Designated Shareholders in a sentence
This Agreement shall be binding upon: the Company and its successors and assigns (if any); the Designated Shareholders and their respective personal representatives, executors, administrators, estates, heirs, successors and assigns (if any); Parent and its successors and assigns (if any); and Merger Sub and its successors and assigns (if any).
Each Designated Shareholder waives, and acknowledges and agrees that he shall not have and shall not exercise or assert (or attempt to exercise or assert), any right of contribution, right of indemnity or other right or remedy against the Surviving Corporation in connection with any indemnification obligation or any other liability to which he may become subject under or in connection with this Agreement or the Designated Shareholders' Closing Certificate.
To the extent that the Guarantee Payment is not disbursed on the day of receipt, it shall be deposited in an interest bearing account at a financial institution pending disbursement to the Designated Shareholders.
Nothing in this Guarantee Agreement, including but not limited to Sections 6(a) and 6(b), shall limit the Treasury’s rights of subrogation or other rights otherwise available to the Treasury in respect of Designated Shareholder Payments, including, without limitation, any rights of the Treasury to recover from Designated Shareholders payments received in connection with or relating to the Designated Shareholder’s Designated Shares, from a Fund or other parties.
The Paying Agent agrees to maintain, or cause the Investment Adviser of the Affected Fund or another service provider, or the Affected Fund’s receiver or liquidating trustee to maintain, such books and records as may be necessary to record the disbursement of the Guarantee Payment to the Affected Fund’s Designated Shareholders in accordance with this Guarantee Agreement.