Shareholder Indemnitees definition
Examples of Shareholder Indemnitees in a sentence
In all events, 100% of the entire amount of Losses that constitute Direct Losses of any Shareholder Indemnitee shall be paid to the applicable Shareholder Indemnitees.
The Shareholder Indemnitees hereby waive any right of set-off which such Shareholder Indemnitees may have against any assets of the Purchaser Indemnitees which they may hold and any amounts which they may owe to the Purchaser Indemnitees.
Shareholder Indemnitees" shall mean (a) the Shareholders, (b) each of the Shareholder's current and future affiliates; (c) the respective Representatives of the Persons referred to in clauses "(a)" and "(b); and (d) the respective successors and assigns of the Persons referred to in clauses "(a)", "(b)" and "(c)" above.
The Purchaser Indemnitees hereby waive any right of set-off which such Purchaser Indemnitees may have against any assets of the Shareholder Indemnitees which they may hold and any amounts which they may owe to the Shareholder Indemnitees for any reason, including, without limitation any amount owed by Purchaser or any of its Affiliates to STIC and its Affiliates pursuant to the ISx Debt.
Shareholder Indemnitees shall not be required to indemnify Buyer Indemnitees for punitive, special, exemplary, incidental or consequential damages and Buyer Indemnitees waives all rights of recovery with respect thereto.