Stockholder Representative Fund definition

Stockholder Representative Fund means an expense fund established by the Company Holders prior to the Effective Time for the payment of out-of-pocket expenses of the Stockholder Representative pursuant to Section 8.4(c).

Stockholder Representative Fund shall have the meaning set forth in Section 1.9(e).

Stockholder Representative Fund has the meaning set forth in Section 1.2(c)(ii).

Examples of Stockholder Representative Fund in a sentence

• 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 Fund to the Stockholders in accordance with their Pro Rata Shares, as set forth in the Escrow Agreement.

• The Stockholder Representative will not be liable for any loss of principal of the Stockholder Representative Fund other than as a result of its gross negligence or willful misconduct.

• Interests in the Stockholder Representative Fund shall be non-transferable.

• The Escrow Agent shall disburse the Stockholder Representative Fund only in accordance with a written instrument delivered to the Escrow Agent that is executed by the Stockholder Representative and that instructs the Escrow Agent as to the disbursement of some or all of the Stockholder Representative Fund.

• The Stockholder Representative shall be entitled, but not limited, to such indemnification from the Stockholder Representative Fund before any distribution thereof to the Company Securityholders.

More Definitions of Stockholder Representative Fund

Stockholder Representative Fund means the Stockholder Representative Amount, which shall be maintained and administered by the Stockholder Representative in accordance with Section 2.6.

Stockholder Representative Fund means the amount of $1,000,000, to be used by the Stockholder Representative to cover the costs and expenses of the Sellers following the Closing.

Stockholder Representative Fund means an amount equal to $250,000.

Stockholder Representative Fund means a segregated account containing the Stockholder Representative Expense Amount.

Stockholder Representative Fund means $700,000.00.

Stockholder Representative Fund means an amount equal to $250,000, to be held by the Escrow Agent in a separate account and made available to the Stockholder Representative for the performance of his duties, and related costs and expenses, pursuant to the terms of the Escrow Agreement. Upon the Indemnity Escrow Fund Termination Date, any amounts remaining in the Stockholder Representative Fund shall be released to the Stockholder Representative for distribution to the Stockholders or retained for costs and expenses of the Stockholder Representative for the performance of his duties hereunder, as reasonably determined by the Stockholder Representative.

Stockholder Representative Fund means an amount in cash equal to $500,000 contributed on a pro rata basis by the Company Securityholders.