Representative Fund definition

Representative Fund has the meaning set forth in Section 1.4(f).

Representative Fund means a segregated account containing the Representative Expense Amount.

Representative Fund has the meaning set forth in Section 10.01(c).

Examples of Representative Fund in a sentence

• At such time that the Equityholder Representative believes, in its sole discretion, that no such additional fees or expenses will be incurred and no such additional indemnification will be required, the Equityholder Representative will deposit with the Paying Agent for further distribution to the Equityholders all remaining funds from the Equityholder Representative Fund (the “Remaining Equityholder Representative Fund”) pursuant to the Paying Agent Agreement.

• For Tax purposes, the Equityholder Representative Fund will be treated as having been received and voluntarily set aside by the Equityholders at the time of Closing.

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

• Interests in the Stockholder Representative Fund shall be non-transferable.

• The Escrow Agent shall disburse the Stockholder Representative Fund only in accordance with a written instrument delivered to the Escrow Agent that is executed by the Stockholder Representative and that instructs the Escrow Agent as to the disbursement of some or all of the Stockholder Representative Fund.

More Definitions of Representative Fund

Representative Fund means the Representative Fund Amount plus any interest earned on such Representative Fund Amount in accordance with the provisions of this Agreement.

Representative Fund means $4,000,000.

Representative Fund means the account designated by the Escrow Agent in accordance with the terms of this Agreement and the Escrow Agreement where the Representative Amount is held for disbursement by the Escrow Agent in accordance with the terms of this Agreement and the Escrow Agreement.

Representative Fund has the meaning set forth in Section 2.12(c).

Representative Fund is defined in Section 10.15.3.

Representative Fund shall have the meaning set forth in Section 2.2(c)(i)(G) hereof.

Representative Fund means a cash amount equal to $400,000, which cash amount shall be withheld from the Holdback Amount and deposited by Parent with a financial institution designated in writing to Parent by the Representatives on or before the Closing.