Stockholder Representative Expense Fund definition

Stockholder Representative Expense Fund has the meaning set forth in Section 2.12(c).

Stockholder Representative Expense Fund means $400,000 which shall be deposited with the Stockholder Representative specifically and exclusively to pay any obligations of the Company Escrow Parties for costs incurred by the Stockholder Representative for legal counsel, independent public accountants and other experts selected by it and other costs which it is entitled to reimbursement pursuant to Section 1.8(c).

Stockholder Representative Expense Fund has the meaning in Section 8.1(d).

Examples of Stockholder Representative Expense Fund in a sentence

• Any such fees and expenses payable by the Stockholder Representative shall be paid from the Stockholder Representative Expense Fund to the extent available.

• Section 2.12 Escrow Funds; Stockholder Representative Expense Fund.

• The fees and expenses of the Independent Accountant shall be paid by the Stockholder Representative (on behalf of the Stockholders) from the Stockholder Representative Expense Fund, on the one hand, and by Parent, on the other hand, based upon the percentage that the amount contested but not awarded to the Stockholder Representative or Parent, respectively, bears to the aggregate amount contested by the Stockholder Representative and Parent.

• As soon as practicable after the date on which the final obligation of Stockholder Representative under this Agreement and the Escrow Agreement have been discharged or such other date as Stockholder Representative deems appropriate, the Escrow Agent shall pay any amounts remaining in the Stockholder Representative Expense Fund to the Company Equityholders in accordance with their Allocation Percentages, as set forth in the Escrow Agreement.

• The balance of the Stockholder Representative Expense Fund, if any, will be distributed by the Stockholder Representative to the Company Equityholders in accordance with their respective Allocation Percentages.

• This is a very worrying development from the point of view of European cohesion policy.

• The parties agree that the Stockholder Representative is not acting as a withholding agent or in any similar capacity in connection with the Stockholder Representative Expense Fund.

• The Stockholder Representative is not acting as a withholding agent or in any similar capacity in connection with the Stockholder Representative Expense Fund, and has no Tax reporting or income distribution obligations.

• Any such fees and expenses payable by the Stockholder Representative shall be paid from the Stockholder Representative Expense Fund to the extent available, and any remaining expenses shall be paid by the Stockholders severally and not jointly (in accordance with their Pro Rata Shares).

• Upon deposit into the Stockholder Representative Expense Fund Account, the Stockholder Representative Expense Fund shall be maintained by the Stockholder Representative and the Stockholder Representative shall have the right to (i) recover the Charges from the Stockholder Representative Expense Fund in accordance with Section 9.2, and (ii) otherwise use the Stockholder Representative Expense Fund as determined in its reasonable discretion and in accordance with this Agreement.

More Definitions of Stockholder Representative Expense Fund

Stockholder Representative Expense Fund has the meaning specified in Section 3.5.

Stockholder Representative Expense Fund means an amount of Stockholder Representative Expenses Fund in cash to be deposited in an account designated by the Stockholder Representative to be held and used by the Stockholder Representative in accordance with Section 7.6.

Stockholder Representative Expense Fund means the Stockholder Representative Expense Fund Amount deposited with the Stockholder

Stockholder Representative Expense Fund means the Stockholder Representative Expense Amount less any disbursements therefrom.

Stockholder Representative Expense Fund means the fund contemplated by Section 10.16(f) below.