Examples of Stockholder Representative Expense Amount in a sentence
Funds held as the Stockholder Representative Expense Amount need not be invested and shall accrue no interest.
The Stockholder Representative Expense Amount shall be used by the Stockholder Representative to fund the Stockholder Representative’s expenses in the performance of its duties as the Stockholder Representative.
To the extent that the amount included in the Stockholder Representative Expense Amount exceeds such payments, expenses, disbursements or advances, the Stockholder Representative will, at such time as it deems reasonable in its sole discretion, pay such excess to the Company Stockholders in accordance with their respective Pro Rata Percentages.
The Adjustment Escrow Amount, as adjusted from time to time, together with any interest earned thereon, will be referred to as the “Adjustment Escrow Fund.” The Indemnity Escrow Amount, as adjusted from time to time, together with any interest earned thereon, will be referred to as the “Indemnity Escrow Fund.” On the Closing Date, Parent will cause to be delivered to the Stockholder Representative the Stockholder Representative Expense Amount.
For the avoidance of doubt, such amounts exclude the cash amounts to be deposited into the Adjustment Escrow Account and the Stockholder Representative Expense Amount.