Examples of D&O Releasees in a sentence
The Administrator is authorized to distribute the Net Settlement Amount to Renren Shareholders other than Defendants and the D&O Releasees in accordance with the terms of the Stipulation, as amended by the Amendment, following the Record Date, as provided for in the Stipulation, as amended by the Amendment, and herein.
Renren, Defendants, any D&O Releasees who hold any ADSs, and the Administrator shall inform and instruct the Depositary that cash distributions shall not be made to any Defendant or D&O Releasee.
If any Defendant and/or D&O Releasee receives any payment from the Settlement Account (except for any amounts or portions which are subject to return to Defendants or D&O Releasees pursuant to paragraphs 10 or 26), such Defendant and/or D&O Releasee shall, upon learning of the receipt of any such payment, promptly return such payment to the Administrator for deposit in the Settlement Account.
Renren agrees to cooperate with the Administrator and provide a list of all excluded persons and any consents or waivers needed to exclude Defendants and D&O Releasees, but Renren shall have no responsibility or liability whatsoever in connection with the administration of the Settlement or the allocation or distribution of the Settlement Amount, which shall be solely the responsibility of Plaintiffs’ Counsel and the Administrator.
In connection with this Stipulation, Renren has provided its best estimates of the shareholdings of Defendants and the D&O Releasees as of June 30, 2021, which were used by the Parties in estimating the per share and per ADS figures for the Settlement Amount.