Indemnification Shares means fifteen percent (15%) of the Closing Shares, rounded down to the nearest whole number.
Indemnification Shares has the meaning set forth in Section 7.4(b).
Indemnification Shares has the meaning set forth in Section 11.5(f).
Examples of Indemnification Shares in a sentence
In the event the Indemnification Shares are not available or insufficient to satisfy such indemnity obligations, the Indemnified Party shall look directly to the Indemnifying Party for satisfaction of such indemnity obligations.
The number of Indemnification Shares issued to satisfy Transferors’ indemnification obligations pursuant to this Agreement shall be based on the Per Share Value.
More Definitions of Indemnification Shares
Indemnification Shares means any shares of Class A Preferred Stock issued by Holdings pursuant to Article 9 of the Old Stock Purchase Agreement, Article 8 of the New Stock Purchase Agreement” or Article 8 of the Third Stock Purchase Agreement.
Indemnification Shares is that number of shares of Common Stock for which this Warrant is exercisable equal to the Unpaid Amount divided by the difference between the Fair Market Value and $11.00. "Fair 3 Market Value" is the closing price for the Common Stock on the date that the Unpaid Amount first becomes due to the Company or Credito, as reported on the Nasdaq National Market or any other exchange or quotation system reporting trades in the Common Stock. Upon the giving of the Reduction Notice, the number of shares of Common Stock for which this Warrant is exercisable shall automatically be deemed to have been so reduced without any further action on the part of the Company.
Indemnification Shares means 3,722,554 of such Exchange Shares subject to forfeiture back to us (along with dividends and other earnings otherwise payable with respect to such Indemnification Shares) in the event that the Ossen Representative successfully brings an indemnification claim under the Exchange Agreement on behalf of our shareholders.
Indemnification Shares means, as of the date of this Agreement, 341,880 shares of NDC Common Stock included in the Stock Escrow, and from and after the date hereof, in accordance with Article 4 hereof, any Indemnification Shares remaining in escrow.
Indemnification Shares as defined in Section 2.3(b).
Indemnification Shares means any 11,333 shares of Parent Common Stock.
Indemnification Shares means 463,965 shares of Surviving Corporation Common Stock, with a deemed value of $32.33 per share, which may be issued to Xxxxxx Indemnified Parties in satisfaction of Claims pursuant to the indemnity provided in Section 11.3.