Examples of Target Representative in a sentence
For purposes of this Article VIII, (i) if Holdings (or any other Holdings Indemnitee) comprises the Indemnified Party, any references to Indemnifying Party (except provisions relating to an obligation to make payments) shall be deemed to refer to Target Representative, and (ii) if Holdings comprises the Indemnifying Party, any references to the Indemnified Party shall be deemed to refer to Target Representative.
Immediately prior to the Closing, the Parties (other than the Target Representative) and their respective counsel shall participate in a teleconference to confirm the satisfactory receipt of the deliveries set forth in Section 2.3 of this Agreement and to authorize the Closing and the delivery and performance of this Agreement and the other Transaction Documents.
The Target Representative, the Target Company and Holdings shall provide each other with such cooperation and information as either of them reasonably may request of the others in filing any Tax Return pursuant to this Article VI or in connection with any audit or other proceeding in respect of Taxes of the Target Company and its Subsidiaries.
Prior to transferring, destroying or discarding any Tax Returns, schedules and work papers, records and other documents in its possession relating to Tax matters of the Target Company and its Subsidiaries for any taxable period beginning before the Closing Date, Target Representative, the Target Company or Holdings (as the case may be) shall provide the other parties with reasonable written notice and offer the other parties the opportunity to take custody of such materials.
Holdings agrees to give written notice to Target Representative of the receipt of any written notice by the Target Company, Holdings or any of Holdings’ Affiliates which involves the assertion of any claim, or the commencement of any Action, in respect of which an indemnity may be sought by Holdings pursuant to this Article VI (a “Tax Claim”); provided, that failure to comply with this provision shall not affect Holdings’ right to indemnification hereunder.
Target Representative and Holdings shall cooperate with each other in all reasonable respects in connection with the defense of any Third Party Claim, including making available records relating to such Third Party Claim and furnishing, without expense (other than reimbursement of actual out-of-pocket expenses) to the defending party, management employees of the non- defending party as may be reasonably necessary for the preparation of the defense of such Third Party Claim.
The Target Company’s reasonable, documented, out-of-pocket fees and expenses related to the preparation of the Target Company’s audited financial statements in connection with SPAC Merger or of an IPO shall be paid by Holdings or its Affiliates to the Target Representative, up to $100,000, for further distribution to the Target Company Members, at the closing of a SPAC Merger or at the effective time of an IPO, as the case may be.
Any payment received by Target Representative as the Indemnified Party shall be distributed to the Target Company Members in accordance with this Agreement.
ASPEN AVIONICS, INC By: /s/ Jxxxxx Xxxxx Xy: /s/ Jxxx Xxxxxxx Jxxxxx Xxxxx, Jxxx Xxxxxxx, XEO President and CEO ASPEN MERGER SUB, LLC JXXX XXXXXXX, xxxely in his capacity as Target Representative By: /s/ Jxxxxx Xxxxx /s/ Jxxx Xxxxxxx Jxxxxx Xxxxx, Jxxx Xxxxxxx, xxxividually President AIRO GROUP HOLDINGS, INC.
JXXXXXX XXXXXX, solely in his capacity as Target Representative By: /s/ Jxxxxx Xxxxx /s/ Jxxxxxx Xxxxxx Jxxxxx Xxxxx, Jxxxxxx Xxxxxx, individually Chief Executive Officer AIRO GROUP HOLDINGS, INC.