Examples of WCAS Blocker in a sentence
In so doing, such parties may rely on any and all actions taken by and decisions of the Sellers’ Representative under this Agreement notwithstanding any dispute or disagreement among any of the WCAS Blocker Sellers, WCAS Blocker, the Company or the Sellers’ Representative with respect to any such action or decision without any liability to, or obligation to inquire of, any of them or any other Person.
All material Taxes for which the WCAS Blocker may be liable (including in the form of any deficiencies or assessments in respect of Taxes) have been timely paid.
Promptly following WCAS Blocker’s receipt of any Tax Distribution, WCAS Blocker shall, and Buyer shall cause WCAS Blocker to, determine the amount of such Tax Distribution that WCAS Blocker needs to retain to pay its federal, state and local income taxes for the taxable period with respect to which such Tax Distribution was made, retain such amount and distribute 43.2% of the excess of such Tax Distribution over such retained amount to the WCAS Blocker Sellers.
During the Interim Period, each of the WCAS Blocker Sellers, WCAS Blocker and the Company shall, and shall cause their respective Subsidiaries and Affiliates, and each of their respective officers, managers, employees and representatives, to, cease and terminate immediately all solicitations, initiations, activities, discussions and/or negotiations with any Person conducted prior to the date hereof with respect to any proposed, potential or contemplated Alternative Transaction.
All material Taxes for which WCAS Blocker may be liable (including in the form of any deficiencies or assessments in respect of Taxes) have been timely paid.
The Sellers’ Representative will not be responsible to the WCAS Blocker Sellers, WCAS Blocker or the Company for any loss or damages they may suffer by the performance of the Sellers’ Representative’s duties under this Agreement, other than loss or damage arising from willful violation of the law or gross negligence in the performance of the Sellers’ Representative’s duties under this Agreement.
Except as set forth in Section 3.02(l) of the Disclosure Schedules, no manager, officer, equityholder or employee of any WCAS Blocker Seller, the Company, any of the Company’s Subsidiaries or any of the Affiliates of the foregoing Persons has any ownership interest in any property or asset used by the Company or any of its Subsidiaries.
All federal, state, local, non-U.S. transfer, excise, sales, use, value added, registration, stamp, recording, property and similar Taxes or fees (“Transfer Taxes”) applicable to, imposed upon, or arising out of any transaction contemplated by this Agreement shall be borne 50% by Buyer and 50% by the WCAS Blocker Sellers and the Equity Holders (pro rata in proportion to each such Person’s entitlement to consideration pursuant to Section 1.04).
There is no material action, suit, investigation, audit, claim or assessment pending or proposed, or, to the knowledge of WCAS Blocker, threatened in writing with respect to Taxes for which WCAS Blocker may be liable.
All material tax returns required to have been filed by or with respect to the WCAS Blocker have been timely filed, and all such tax returns are complete and accurate.