Expenses of Transfer. The transferring Shareholder agrees that it will pay all reasonable out-of-pocket expenses incurred by the Company in connection with any attempted or realized Transfer of all or any portion of its Equity Securities. Such costs generally will include the amount of any transfer Taxes due as a result of a Shareholder’s Transfer and the costs of accounting for such Transfers, including for applicable Tax purposes.
Appears in 4 contracts
Samples: Shareholders Agreement (HCI Group, Inc.), Preferred Stock Purchase Agreement (HCI Group, Inc.), Preferred Stock Purchase Agreement (TypTap Insurance Group, Inc.)
Expenses of Transfer. The transferring Shareholder agrees that it will pay all reasonable out-of-pocket expenses expenses, including attorneys’ fees and fees in connection with the evaluation of the transfer pursuant to this Section 3.01, incurred by the Company in connection with any attempted or realized Transfer of all or any portion of its Equity Securitiesinterest, whether or not the Board consents to such Transfer. Such costs generally will include the amount of any transfer Taxes taxes due as a result of a Shareholder’s Transfer and the costs of accounting for such Transfers, including for applicable Tax tax purposes.
Appears in 4 contracts
Samples: Common Shareholders’ Agreement (Watford Holdings Ltd.), Common Shareholders’ Agreement (Watford Holdings Ltd.), Preference Shareholders’ Agreement (Watford Holdings Ltd.)
