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.
No fractional Escrow Shares shall be distributed to Indemnifying Shareholders pursuant to this Agreement.
The Indemnifying Shareholders and the Indemnified Party shall pay the fees and expenses of their respectively designated arbitrators and shall bear equally the fees and expenses of the third arbitrator.
The Escrow Shares shall be security for such indemnity obligation of the Indemnifying Shareholders, subject to the limitations, and in the manner provided, in this Agreement.
Distributions to the Indemnifying Shareholders shall be made by mailing stock certificates to such holders at their respective addresses shown on Exhibit B (or such other address as may be provided in writing to the Escrow Agent by any such holder).