Examples of Holder Representative Group in a sentence
The powers, immunities and rights to indemnification granted to the Holder Representative Group hereunder: (i) are independent and severable, are irrevocable and coupled with an interest and shall not be terminated by any act of any one or more Holders, or by operation of Law, whether by death or other event, and (ii) shall survive the delivery of an assignment by any Holder of the whole or any fraction of his, her or its interest (if any) in the Holdback Amount or Earn-Out Payment.
The Unitholders shall indemnify, defend and hold harmless the Holder Representative Group from and against any and all Holder Representative Expenses arising out of actions taken or omitted to be taken in its capacity as the Holder Representative (except for those arising out of the Holder Representative’s gross negligence or willful misconduct), including the costs and expenses of investigation and defense of claims.
The powers, immunities and rights to indemnification granted to the Holder Representative Group hereunder: (a) are coupled with an interest and shall be irrevocable and survive the death, incompetence, bankruptcy or liquidation of any Pre-Closing Holder and shall be binding on any successor thereto, and (b) shall survive the delivery of an assignment by any Pre-Closing Holder of the whole or any fraction of his, her or its interest in the Indemnification Escrow Funds.
The powers, immunities and rights to indemnification granted to the Holder Representative Group hereunder: (a) are coupled with an interest and shall be irrevocable and survive the death, incompetence, bankruptcy or liquidation of any Unitholder and shall be binding on any successor thereto, and (b) shall survive the delivery of an assignment by any Unitholder of the whole or any fraction of his, her or its interest in the Escrow Accounts.
The Holders shall severally and not jointly, in accordance with their Pro Rata Share, indemnify the Holder Representative Group and hold it harmless against any loss, liability, fee or expense (including reasonable attorney’s fees) incurred without gross negligence or bad faith on the part of the Holder Representative Group and arising out of or in connection with the acceptance or administration of its duties hereunder or under any Holder Representative engagement agreement.
The immunities and rights to indemnification granted hereunder to the Holder Representative Group (as defined below) shall survive the resignation or removal of Holder Representative or any member of the Advisory Group (as defined below) and the Closing and any termination of this Agreement and the Escrow Agreement.
The Holders shall indemnify, defend and hold harmless the Holder Representative Group from and against any and all Holder Representative Expenses arising out of actions taken or omitted to be taken by the Holder Representative in its capacity as such (except for those arising out of the Holder Representative’s bad faith or willful misconduct), including the costs and expenses of investigation and defense of claims.
The Holder Representative Group shall not be liable for any action or omission pursuant to the advice of counsel.
The Pre-Closing Holders shall indemnify, defend and hold harmless the Holder Representative Group from and against any and all Holder Representative Expenses arising out of actions taken or omitted to be taken in its capacity as the Holder Representative (except for those arising out of the Holder Representative’s gross negligence or willful misconduct), including the costs and expenses of investigation and defense of claims.