Examples of Disputing Holders in a sentence
The Corporation and the Representative, on behalf of the Disputing Holders, shall each bear one-half of the fees and expenses (including the responsibility for any indemnity or similar obligations) of such accounting firm.
The Dispute Notice shall set forth in reasonable detail the basis for such dispute and shall name a representative (the "Representative") for the Disputing Holders.
If the appraisers reach such agreement, their agreement shall be final and binding on the Corporation and the Disputing Holders.
If there are any Disputing Holders, within ten (10) days after the last date on which an Appraisal Notice can be delivered, the Board (excluding any member of the Board appointed or designated by the holders of Series A Preferred) and holders of at least a majority of the shares held by the Disputing Holders shall each appoint a professional appraiser to determine the Fair Market Value.
Unless holders of a majority of the outstanding shares of Preferred Stock shall notify (a "Dispute Notice") the Corporation, within 30 days of the date the Corporation mails such notice of adjustment, that such holders (the "Disputing Holders") dispute such adjustment, such adjustment shall be final and binding.
The Board's determination of Fair Market Value shall be final and binding (i) on all Exercising Holders in the event no Appraisal Notice is delivered to the Corporation within such ten (10) business day period and (ii) on all Exercising Holders other than the Disputing Holders in the event one or more Appraisal Notices are delivered to the Corporation.
If the Fair Market Value determined by the appraisers is not more than five percent (5%) greater than the value as determined by the Board, then the Disputing Holders shall pay all costs associated with the appraisers, on a pro rata basis.
If the appraisers fail to agree during such twenty (20) day period, they shall within five (5) days thereafter select a third appraiser with the same qualification requirements, and the three (3) appraisers shall establish the Fair Market Value by majority vote within the succeeding twenty (20) day period after the selection of the third appraiser and such determination of Fair Market Value shall be final and binding on the Corporation and the Disputing Holders.
In the event that any Dispute between the Company, on the one hand, and the Disputing Holders, on the other hand, should result in litigation or arbitration, the prevailing party in such Dispute shall be entitled to recover from the other party all reasonable attorneys’ fees, costs and other expenses incurred by the prevailing party in connection with such Dispute.
The Company expressly acknowledges and agrees that (i) this Section 23 constitutes an agreement to arbitrate between the Company and the Disputing Holders, on behalf of all affected Holders, (and constitutes an arbitration agreement) under § 7501, et seq.