Affiliated Shareholders definition
Examples of Affiliated Shareholders in a sentence
Notwithstanding anything to the contrary, each Interested Party shall be fully responsible, and indemnify and hold harmless the other Interested Party fully, for all such Expenses to the extent arising out of such Interested Party's (or its Affiliated Shareholders' or any of their respective affiliates') gross negligence, fraud, bad faith or willful misconduct.
Each Interested Party shall promptly, and in no event later than the opening of market on the first trading day following the acquisition of a beneficial interest in Additional Equity Securities by the Interested Party or its Affiliated Shareholders, provide such information to the other Interested Parties as well as Kleinberg, ▇▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇, P.C. ("▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇") as is reasonably necessary with respect to any amendment of the Group Schedule 13D.
To the extent TURN implements a shareholder rights plan (commonly known as a "poison pill") or other similar defensive measure, each Interested Party agrees that it will not, and will cause its Affiliated Shareholders not to, engage in trading activity that would trigger such shareholder rights plan.
Notwithstanding any provision to the contrary herein, each Interested Party acknowledges and agrees, ▇▇▇▇▇▇▇ shall have the sole right to pre-approve all Expenses incurred in connection with the Group's (as hereinafter defined) activities, other than any Nominee Expenses incurred by any Nominee or any of his Affiliated Shareholders (a) for his own account or (b) to the extent arising out of ▇▇▇▇▇▇▇'s or any of its Affiliated Shareholders' gross negligence, fraud, bad faith or willful misconduct.
Each Interested Party on behalf of itself and its respective Affiliated Shareholders, disclaims any beneficial ownership (except as provided herein) or pecuniary or economic interest in, of any of the Current Equity Securities, Additional Equity Securities or Derivative Securities controlled or beneficially owned by the other Interested Party and its Affiliated Shareholders.