Examples of Stockholder Representative Expenses in a sentence
Section 7.6(c) Stockholder Representative Expenses ......................................................................................
On the Closing Date, Parent shall pay to the Stockholder Representative or to such other Persons (and in such amounts) as may be designated by the Stockholder Representative, by wire transfer to an account or accounts designated by the Stockholder Representative in writing at least three Business Days prior to the Closing Date, immediately available funds in the amount of such Stockholder Representative Expenses and such amount shall be included in the Company Transaction Costs.
The Representative Expense Amount shall be available to pay directly, or reimburse the Stockholder Representative for, any Stockholder Representative Expenses, including the fees and costs of any professional advisors retained by the Stockholder Representative on behalf of the Indemnifying Parties.
In order to seek Stockholder Representative Expenses, the Stockholder Representative shall deliver a certificate (a “Stockholder Representative’s Certificate”) to the Escrow Agent at any time on or before the Survival Date.
Immediately prior to the Closing, the Company will deposit with the Escrow Agent the Stockholder Representative Expense Holdback, which shall serve as a source of funds for paying or reimbursing Stockholder Representative Expenses (as defined in Section 7.5(b).
For tax purposes, the Stockholder Representative Expenses Holdback Amount will be treated as having been received and voluntarily set aside by the Holders at the time of Closing.
The TAT Stockholder Representative shall be entitled to recover from the TAT Stockholders on a pro rata basis all Stockholder Representative Expenses incurred in connection with the acceptance, performance or administration of its duties as the TAT Stockholder Representative hereunder and shall be entitled, in its reasonable discretion, to offset any amounts payable by the TAT Stockholder Representative to such TAT Stockholders on account of such Stockholder Representative Expenses.
The Company shall have deposited the Expense Fund on behalf of the Stockholders and Optionholders with an account established by the Stockholder Representative to fund the Stockholder Representative Expenses.
No amount shall be included on the Closing Balance Sheet with respect to liabilities for the Stockholder Representative Expenses.
The Stockholder Representative Expense Fund shall be used (a) for the purposes of paying directly or reimbursing the Stockholder Representative for any Stockholder Representative Expenses incurred pursuant to this Agreement, or (b) as otherwise determined by the Stockholder Representative.