Indemnification Shares definition

Indemnification Shares has the meaning set forth in Section 7.4(b).

Indemnification Shares means fifteen percent (15%) of the Closing Shares, rounded down to the nearest whole number.

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.

Examples of Indemnification Shares in a sentence

• The number of shares to be issued pursuant to this paragraph (the "Indemnification Shares") shall be determined by dividing the dollar amount of TNCI's obligation for indemnification by the average of the closing prices of the TNCI Common Stock as reported on the principal trading market for TNCI Common Stock for the twenty (20) trading days immediately preceding the date that the notice of claim is given to TNCI.

• At the close of business on June 30, 2001, any Indemnification Shares and Cash Collateral remaining in an Escrow Account, and which are not subject to retention pursuant to Section 5(e), shall be returned by the Escrow Agent to the respective Shareholders or RSI who contributed such Indemnification Shares or Cash Collateral upon joint notification by the Representative and RSI.

• If the Indemnification Shares to be so delivered from the Escrow Account in respect of any Shareholder or RSI, as the case may be, would include a fractional share, the parties hereto agree that the Representative and RSI may round such fraction to the nearest whole share.

• The Escrow Agent agrees to deliver the Indemnification Shares and any substitute collateral in the Escrow Accounts to such replacement escrow agent upon written notification by both the parties and the replacement escrow agent.

• If the Indemnification Shares to be so delivered from any Shareholder's or RSI's, as the case may be, Escrow Account would include a fractional share, the parties hereto agree that the Representative and RSI may round such fraction to the nearest whole share.

More Definitions of Indemnification Shares

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 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 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 as defined in Section 2.3(b).

Indemnification Shares means an aggregate of 8,000,000 shares of Parent Common Stock.

Indemnification Shares has the meaning set forth in Section 1.5.

Indemnification Shares shall have the meaning assigned to that term in Section 8.03.