Examples of Stockholder Representative Expenses in a sentence
Any loss, liability or expense incurred without negligence or bad faith on the part of the Stockholder Representative and arising out of or in connection with the acceptance or administration of the Stockholder Representative's duties hereunder, including the reasonable fees and expenses of any legal counsel retained by the Stockholder Representative, shall be referred to herein as "Stockholder Representative Expenses".
Notwithstanding the foregoing, the Stockholder Representative's right to recover Stockholder Representative Expenses shall not prejudice Parent's right to recover the full amount of indemnifiable Losses that Parent is entitled to recover from the Escrow Fund.
The Representative Expense Amount shall be available to pay directly, or reimburse the Stockholder Representative for, any Stockholder Representative Expenses.
The Indemnifying Parties on whose behalf the Aggregate Escrow Amount was contributed to the Escrow Fund agree that the Stockholder Representative shall have the right to be reimbursed solely from the Escrow Fund for the Stockholder Representative Expenses.
At such time as any such pending claims of Parent are resolved, the Stockholder Representative shall be entitled to receive from the Indemnification Escrow Fund after the payment of claims of Parent and prior to the delivery to Company Stockholders of any shares of Parent Common Stock and other property held in the Indemnification Escrow Fund, that number of shares of Parent Common Stock remaining, if any, with a value equal to the remaining unpaid Stockholder Representative Expenses, if applicable.
It is reported that the contents of al‑Husayn's letter to the Shi'a of al‑Basra had already been betrayed to 'Ubaid Allah.
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 MCNC Stockholder Representative shall be entitled to recover from the MCNC Stockholders on a pro rata basis all Stockholder Representative Expenses incurred in connection with the acceptance, performance or administration of its duties as the MCNC Stockholder Representative hereunder and shall be entitled, in its reasonable discretion, to offset any amounts payable by the MCNC Stockholder Representative to such MCNC Stockholders on account of such Stockholder Representative Expenses.
The Representative Expense Amount shall be available to reimburse the Stockholder Representative for any Stockholder Representative Expenses.
For the avoidance of doubt, while this section allows the Stockholder Representative to be paid from the Escrow Fund, this Section 7.5(b) shall not limit the obligation of any Seller Indemnifying Party to promptly pay such Stockholder Representative Expenses as they are incurred, nor does it prevent the Stockholder Representative from seeking any remedies available to it at law or otherwise.