Representative Losses definition

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

Representative Losses has the meaning set forth in Section 10.1(d).

Representative Losses has the meaning set forth in Section 7.3.

Examples of Representative Losses in a sentence

• Representative Losses may be recovered by the Vendors’ Delegate from (i) the funds in the Expense Fund and (ii) any other funds that become payable to the Vendors under this Agreement at such time as such amounts would otherwise be distributable to the Vendors; provided, that while the Vendors’ Delegate may be paid from the aforementioned sources of funds, this does not relieve the Vendors from their obligation to promptly pay such Representative Losses as they are suffered or incurred.

• The Representative Losses shall be satisfied: (i) from the Stockholder Representative Expense Fund; and (ii) to the extent the amount of the Representative Losses exceeds amounts available to Stockholder Representative under (i), from the Stockholders, severally and not jointly (in accordance with their Pro Rata Shares).

• With respect to General Liability Claims, if not paid directly to the Representative by the Indemnifying Securityholders, any such Representative Losses may be recovered by the Representative from (i) the funds in the Representative Fund and (ii) the amounts in the General Escrow Fund at such time as remaining amounts in the General Escrow Fund would otherwise be distributable to the Indemnifying Securityholders.

• Notwithstanding the foregoing, while this section allows the Representative to be paid from the Representative Fund and the Escrow Funds, this does not relieve the Indemnifying Securityholders or Indemnifying Founders, as applicable, from their obligation to promptly pay such Representative Losses as they are suffered or incurred, nor does it prevent the Representative from seeking any remedies available to it at law or otherwise.

• With respect to Litigation Liability Claims, if not paid directly to the Representative by the Indemnifying Founders, any such Representative Losses may be recovered by the Representative from the amounts in the Litigation Escrow Fund at such time as remaining amounts in the Litigation Escrow Fund would otherwise be distributable to the Indemnifying Founders.

More Definitions of Representative Losses

Representative Losses has the meaning in Section 8.1(c).

Representative Losses shall have the meaning set forth in Section 10.5(b).

Representative Losses has the meaning set forth in Section ‎14.14.

Representative Losses has the meaning ascribed to such term in Section 9.12(c) hereof.

Representative Losses is defined in Section 9.3.

Representative Losses has the meaning set forth in Section 7.13 of this Agreement.

Representative Losses is defined in Section 2.12(c).