Common use of Cayman Clause in Contracts

Cayman. Any demands, notices or other communications directed to the Shareholders, the Optionholders and H.I.G. Cayman hereunder shall be deemed effective if given to the Shareholder Representative. As between Buyer, on the one hand, and the Shareholders, the Optionholders and H.I.G. Cayman, on the other hand, payment of funds by Buyer to the Shareholder Representative in its capacity as such shall, for all purposes hereunder, be deemed payment of such funds to the Shareholders, the Optionholders and H.I.G.