Examples of Selling Security Holders in a sentence
Pursuant to the Registration Rights Agreement, the Company has agreed under certain circumstances to indemnify the Selling Security Holders against certain liabilities.
The Company and the Selling Security Holders agree that it would not be just and equitable if contribution pursuant to this Section were based solely upon the number of entities from whom contribution was requested or by any other method of allocation which does not take account of the equitable considerations referred to above in this Section.
The relative benefits received by the Company on the one hand and the Selling Security Holders on the other shall be the net proceeds from the offering (before deducting expenses) received by the Company on the one hand and the Selling Security Holders on the other.
The relative fault of the Company on the one hand and the Selling Security Holders on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or by the Selling Security Holders and the parties' relevant intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.
Escrow Agent may resign from the performance of its duties hereunder at any time by giving ten (10) days' prior written notice to Principal and Selling Security Holders or may be removed, with or without cause, by Selling Security Holders, acting in writing, at any time by the giving of ten (10) days' prior written notice to Escrow Agent.
The obligations of Principal and Selling Security Holders under this Section 10 shall survive any termination of this Escrow Agreement and the resignation or removal of Escrow Agent.
Upon any such notice of resignation or removal, Principal and Selling Security Holders jointly shall appoint a successor Escrow Agent hereunder, which shall be a commercial bank, trust company or other financial institution with a combined capital and surplus in excess of $10,000,000.
Principal and Selling Security Holders hereby appoint Escrow Agent to serve as escrow agent hereunder, and Escrow Agent hereby accepts such appointment in accordance with the terms of this Escrow Agreement.
This Escrow Agreement may be changed, waived, discharged or terminated only by a writing signed by Principal, Selling Security Holders and Escrow Agent.
Prior to the decision, you may be requested to meet with Cool Aid at your own expense to discuss your proposal.