Examples of Holdback Merger Consideration in a sentence
The release of amounts from the Holdback Merger Consideration shall be the Parent Indemnitee’s sole recourse for all Damages, subject to the limitations set forth in this Article 5 and the provisions of Article 6.
Subject to the terms and conditions herein, each Shareholder shall be entitled to receive from the Shareholders’ Representative, on behalf of Parent, as promptly as practicable following the Holdback Release Date and if applicable, such later date as all Claims are finally resolved, such Shareholder’s portion of the remaining Holdback Merger Consideration set forth on the Capitalization Certificate.
In the event that the Stockholder Representative has consented to any such settlement, the Stockholder Representative shall have no power or authority to object under this Article 7 to the amount of any claim by Acquirer against the Holdback Merger Consideration or Special Holdback Amount, as applicable, for indemnity with respect to such settlement.
The expense of such filings shall be paid by the Shareholders by way of prompt offset/reimbursement out of the Holdback Merger Consideration.
Until so surrendered, each outstanding Certificate that prior to the Effective Time represented shares of Company Common Stock will be deemed from and after the Effective Time, for all corporate purposes other than the payment of dividends, to evidence the right to receive the portion of the Closing Merger Consideration, Holdback Merger Consideration, Special Holdback Amount and Expense Fund Amount which shall be issued for such Company Common Stock.
To the extent required by Section 3.2.(d), Parent shall deposit, or cause to be deposited, with the Exchange Agent the Holdback Merger Consideration consisting of ADRs representing ADSs, for the benefit of holders of Shares (other than Dissenting Shares).
Acquirer shall be entitled to rely on any such memorandum and shall retain a portion of the Holdback Merger Consideration or Special Holdback Amount, as applicable, in accordance with the terms thereof and such amount shall no longer be payable to the Effective Time Holders.
Any portion of the Holdback Merger Consideration held by Acquirer with respect to any pending but unresolved indemnification claims shall be released to the Effective Time Holders or released to, or permitted to be retained by, Acquirer (as appropriate) promptly upon resolution of each specific indemnification claim involved.
Parent shall be entitled to withhold the stated amount of any Claim pending resolution of the Claim from the remaining Holdback Merger Consideration.
The cash held as part of the Holdback Merger Consideration shall be released to the respective Effective Time Holders in proportion to their respective Pro Rata Share.