Post-Closing. The Purchasing Shareholder shall immediately pay any insurance proceeds received by the Purchasing Shareholder after the Time of Closing under any Insurance Policy as a consequence of the Critically Ill Shareholder becoming Critically Ill to the Critically Ill Shareholder on account of the amount owing on the Promissory Note referred to in Subsection 6.3(b).
Appears in 4 contracts
Samples: Shareholders’ Agreement, Shareholders’ Agreement, Shareholders’ Agreement
Post-Closing. The Each Purchasing Shareholder shall immediately pay any insurance proceeds received by the such Purchasing Shareholder after the Time of Closing under any Insurance Policy as a consequence of the Critically Ill Shareholder becoming Critically Ill to the Critically Ill Shareholder on account of the amount owing on the Promissory Note referred given by such Purchasing Shareholder pursuant to in Subsection 6.3(b).
Appears in 2 contracts
Post-Closing. The Purchasing Shareholder shall immediately pay any insurance proceeds received by the Purchasing Shareholder after the Time of Closing under any Insurance Policy as a consequence of the Critically Ill death of the Deceased Shareholder becoming Critically Ill under all Insurance Policies to the Critically Ill Shareholder Vendor on account of the amount owing on the Promissory Note referred to in Subsection 6.3(b7.3(b).
Appears in 2 contracts
