Representative Fund Amount definition

Representative Fund Amount means $500,000.

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

Representative Fund Amount means the amount of $500,000, in cash, delivered to the Stockholders’ Representative from the Merger Consideration for payment on behalf of the Securityholders of (i) any Adjusted Working Capital Deficiency pursuant to Section 2.10(c) and (ii) all costs and expenses incurred by or on behalf of the Stockholders’ Representative, in its capacity as such, including all costs and expenses incurred in connection with any pending or threatened dispute or claim with respect to this Agreement, any document, agreement or instrument entered into in connection with this Agreement, or the transactions contemplated hereby or thereby.

Examples of Representative Fund Amount in a sentence

• No fraction of a share of Parent Common Stock shall be paid to any Indemnifying Stockholder out of the Escrow Amount or the Representative Fund Amount pursuant to Sections 2.5 and the Escrow Agreement.

• For tax purposes, the Representative Fund Amount shall be treated as having been received and voluntarily set aside by the Company Holders at the time of Closing.

• The Stockholders’ Representative Fund Amount shall be held and released by the Stockholders’ Representative at the Stockholders’ Representative’s discretion.

• Such agency may be changed by the holders of a majority in interest of the Escrow Amount and the Representative Fund Amount from time to time (including in the event of the death, disability or other incapacity of a Representative that is an individual), and any such successor shall succeed the Representative as Representative hereunder.

• In the event that any amount is owed to the Sellers’ Representative, whether for fees, expense reimbursement or indemnification, the Sellers’ Representative shall be entitled to be reimbursed by the Sellers proportionately in accordance with their Pro Rata Share, and the Sellers agree to so reimburse the Sellers’ Representative; provided, that the Sellers’ Representative shall first draw from the Sellers’ Representative Fund Amount to the extent any portion of such amount remains outstanding.

More Definitions of Representative Fund Amount

Representative Fund Amount means $300,000.

Representative Fund Amount means $50,000.

Representative Fund Amount means the amount of $500,000, which has been deposited with Sellers’ Representative as of the Closing.

Representative Fund Amount means $2,000,000.

Representative Fund Amount has the meaning set forth in Section 1.3(c)(ii).

Representative Fund Amount means an amount of cash equal to $100,000.

Representative Fund Amount means [***].