Representative Expense Fund definition

Representative Expense Fund shall have the meaning specified in Section 9.08(b).

Representative Expense Fund means an amount equal to $200,000.

Representative Expense Fund has the meaning set forth in Section 1.3(d).

Examples of Representative Expense Fund in a sentence

• Any such fees and expenses payable by the Stockholder Representative shall be paid from the Stockholder Representative Expense Fund to the extent available.

• Upon any replacement of the Company Stockholder Representative, the Company Stockholder Representative being replaced shall transfer to the new Company Stockholder Representative the balance of any unexpended Company Stockholder Representative Expense Fund.

• The Sellers will not receive any interest on the Representative Expense Fund and assign to the Seller Representative any such interest.

• The Company Stockholders will not receive any interest or earnings on the Company Stockholder Representative Expense Fund and irrevocably transfer and assign to the Company Stockholder Representative any ownership right that they may otherwise have had in any such interest or earnings.

• For tax purposes, the Company Stockholder Representative Expense Fund will be treated as having been received and voluntarily set aside by the Company Stockholders at the time of Closing.

More Definitions of Representative Expense Fund

Representative Expense Fund means a separate bank account to be established by the Seller Representative into which Buyer shall deposit the Representative Expense Fund Amount at Closing from the Cash Payment at Closing.

Representative Expense Fund means $200,000 paid to the Representative or his designee pursuant to Section 2.17(b).”

Representative Expense Fund means $250,000 deposited at Closing with the Equityholders’ Representative for the purposes set forth in Section 10.15.

Representative Expense Fund is defined in Section 8.2.

Representative Expense Fund has the meaning set forth in Section 2.9(a)(iii).

Representative Expense Fund is defined in Section 1.6(c).

Representative Expense Fund means $600,000 deposited by Parent, as a deduction from the Merger Consideration, with the Sellers’ Representative, which amount shall be available solely to the Sellers’ Representative in connection with costs and expenses incurred by it in connection with its duties hereunder, including paying any amounts owed to Parent pursuant to Section 3.6(d)(i).