Examples of Stockholder Losses in a sentence
In no event shall Parent Losses or Company Stockholder Losses include any incidental, consequential, special, indirect, punitive damages, diminution in value, lost profits or amounts recoverable based on a multiple of earnings, revenues or other financial metrics.
With respect to Stockholder Losses, PalEx shall be the Indemnifying Party and the Stockholder shall be the Indemnified Party.
In the event an Additional Delivery is made in connection with Stockholder Losses, the Escrow Agent shall reduce only the Stockholder Account of the Stockholder or Stockholders responsible for such Stockholder Losses by the amount of the Additional Delivery.
Notwithstanding the foregoing, any claim or claims for Purchaser Losses or Stockholder Losses based on the Fraud of the Company, or the Fraud of the Purchaser, as the case may be, will not be subject to the Minimum Indemnity Threshold.
Notwithstanding the foregoing, in the event any portion of the Losses or Liabilities specified in such pending Claim are Stockholder Losses, Indemnity Shares equal in value to such portion which are allocated to the Stockholder Accounts of the Stockholders who are not obligated to indemnify Purchaser for such Stockholder Losses shall not be retained in the Escrow Fund, but shall be distributed to such Stockholders in accordance with Section 6 hereof.
No claim may be made against PGI for indemnification hereunder unless and only to the extent the aggregate of all Stockholder Losses incurred exceeds the Basket.
Any claim by any Parent Indemnified Party for Parent Losses, and claim made by any Company Stockholder Indemnified Party for any Company Stockholder Losses, shall be satisfied solely by a decrease or increase, respectively, on a dollar for dollar basis, in the aggregate amount of the “Liquidation Preference” of the Parent Series C Preferred Stock; provided that such Liquidation Preference shall at no time be less than $0 or greater than $38,000,000 as a result of such adjustment.
Subject to the limitations contained herein, all costs and expenses reasonably incurred in connection with such mitigation shall be Acquiror Losses or Stockholder Losses, as applicable, reimbursable as part of the relevant indemnification claim.
The Indemnifying Party shall have the right, upon written notice delivered to the Indemnified Party within twenty (20) days thereafter assuming full responsibility for any Purchaser Losses or Stockholder Losses (as the case may be) resulting from such Third-Party Claim, to assume the defense of such Third-Party Claim, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of the fees and disbursements of such counsel.
Following the Closing Date, each indemnified party agrees to, and Acquiror agrees to cause the Surviving Corporation and its Subsidiaries to, use commercially reasonable efforts to mitigate any Acquiror Losses or Stockholder Losses, as applicable, including, without limitation to seek recovery under any available insurance policy that would insure any claim with respect to such Acquiror Losses or Stockholder Losses.