Examples of Effective Time Company Shareholder in a sentence
Each Effective Time Company Shareholder waives, and acknowledges and agrees that he, she or it 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, she or it may become subject under or in connection with this Agreement.
To the extent that amounts are so withheld by the Surviving Corporation, Parent Americas or the Paying Agent, as the case may be, such amounts shall be treated for all purposes of this Agreement as having been paid to the Effective Time Company Shareholder or the holder of Stock Options, as the case may be, in respect to which such deduction and withholding was made by the Surviving Corporation, Parent Americas or the Paying Agent, as the case may be.
Each Effective Time Company Shareholder and each holder of a Stock Option entitled to receive the Per Share Merger Consideration shall be deemed to be contributing its respective All-Inclusive Pro Rata Percentage of the Adjustment Escrow Fund as specified in the Allocation Certificate and, for the avoidance of doubt, Parent Americas (as the owner of Excluded Shares) shall not contribute any portion of the Adjustment Escrow Fund.
Each Effective Time Company Shareholder and each holder of a Stock Option entitled to receive the Per Share Merger Consideration shall be deemed to be contributing its respective All-Inclusive Pro Rata Percentage of the Expense Fund as specified in the Allocation Certificate and, for the avoidance of doubt, Parent Americas (as the owner of Excluded Shares) shall not contribute any portion of the Expense Fund or have any rights or claims with respect thereto.
Magma or Magma’s agent shall be entitled to deduct and withhold from the Initial Stock Consideration, the Contingent Consideration or other payment otherwise payable pursuant to this Agreement to any Effective Time Company Shareholder or Company Optionholder, the amounts required to be deducted and withheld under the Code, or any provision of foreign, state, local or foreign tax law, with respect to the making of such payment.
Table of Contents Until the expiration of the applicable Claims Period, no delay on the part of Magma in giving the Representative a Notice of Claim shall relieve the Representative or any Effective Time Company Shareholder from any of its obligations under this Article IX unless (and then only to the extent that) the Representative or the Effective Time Company Shareholders are materially prejudiced thereby.
Any rights with respect to Loss Payments which any of the Effective Time Company Shareholder or the Shareholder Representative may, by operation of law or otherwise, have against the Surviving Corporation or any such Person shall, effective at the time of the Closing, be deemed to be hereby expressly and knowingly waived.
Either the Company or each Effective Time Company Shareholder shall deliver to Parent and Parent Americas at or prior to the Closing a certificate, in form and substance reasonably satisfactory to Parent and Parent Americas and consistent with applicable Treasury Regulations certifying that no withholding of Tax pursuant to Section 1445 of the Code is required to be made by Parent or Parent Americas.
To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the Effective Time Company Shareholder or Company Optionholder in respect of whom such deduction and withholding was made.