Examples of Stockholder Representations in a sentence
In connection with such Sale, no such Investor Stockholder shall be required to (i) make any representations other than Stockholder Representations or (ii) participate in any escrow or indemnity obligation relating to such Sale in excess of such Investor Stockholder’s pro rata participation in the Sale (based on proceeds to be received).
No Company Founding Stockholder shall have liability for breaches of representations or warranties made by the Company in excess of the Merger Consideration received by such Company Founding Stockholder, except in the event of fraud by such Company Founding Stockholder or a breach of such Company Founding Stockholder’s Stockholder Representations.
Stockholders holding an aggregate of eighty-five percent (85%) of the issued and outstanding Shares entitled to vote on the Merger shall have: (i) approved the Merger, the Certificate of Merger and the transactions contemplated by this Agreement; and (ii) approved, the extent necessary, the actions taken with respect to all outstanding Stock Options and Warrants; (f) Stockholder Representations.
Notwithstanding anything to the contrary contained in Section 6.1(a), but subject to Section 6.1(d), the Corporate and Shareholder Representations and the Individual Stockholder Representations shall survive the Closing (and any later sale, transfer or other disposition of any or all of the equity or assets of the Survivor) and not be subject to expiration.
The Stockholder Representations Warranties and Covenants are several obligations.
The works site area will be clearly marked.(iii) Installation of lubricant and fuel depots: Petrochemical products will be stored either in reservoirs or drums placed in appropriate containment areas, so as to avoid spilling or leakage and minimize fire hazards.
With respect to Stockholder Representations, each Non-Majority Stockholder shall be severally and not jointly liable only for his or her own Stockholder Representations.
With respect to individual representations and warranties as to title to the Securities, the absence of any liens on such Securities and authority to consummate the transaction (the "STOCKHOLDER REPRESENTATIONS"), each Non-Majority Stockholder shall be severally and not jointly liable only for his or her own Stockholder Representations.
Any Company Securityholder that executes and delivers an Investor Letter will become a Party to this Agreement and shall be subject to all of the terms and conditions of this Agreement applicable to it as a Company Securityholder hereunder and under the Investor Letter, including the making of the Stockholder Representations.
At the end of the Holdback Period, delivery of any remaining Indemnity Holdback Shares released to the Company Stockholders pursuant to this Section shall be made pro rata based on the number of shares of Parent Common Stock issued to each holder thereof and held back by Parent (subject to any indemnification claims based upon breach by a Company Stockholder of its Stockholder Representations).