Indemnifying Shareholders definition
Examples of Indemnifying Shareholders in a sentence
The respective interests of the Indemnifying Shareholders in the Escrow Shares shall not be assignable or transferable, other than by operation of law.
Any securities distributable to the Indemnifying Shareholders in respect of or in exchange for any of the Escrow Shares, whether by way of stock dividends, stock splits or otherwise, shall be delivered to the Escrow Agent, who shall hold such securities in the Escrow Account.
Any cash dividends distributable to the Indemnifying Shareholders in respect of the Escrow Shares shall be distributed to the Indemnifying Shareholders.
Any such withheld shares shall be delivered to the Purchaser promptly after the Termination Date, and shall be delivered by the Purchaser to the Indemnifying Shareholders to whom such shares would have otherwise been distributed upon surrender of their respective Certificates.
No fractional Escrow Shares shall be distributed to Indemnifying Shareholders pursuant to this Agreement.