Executive Shareholder definition
Examples of Executive Shareholder in a sentence
No Seller or Executive Shareholder is a party to, or is otherwise bound by, any agreement or arrangement, including any confidentiality, non-competition or proprietary rights agreement, between such individual and any other Person that in any way adversely affects the performance of his duties or the ability of any Seller to conduct its Business.
Nothing in Section 2.4 shall limit the Buyer's right to indemnification for the breach by any Seller or any Executive Shareholder of any of its representations, warranties or covenants hereunder.
Furthermore, each Seller and each Executive Shareholder has filed all reports required to be filed by state and federal law regarding compensation arrangements and financial relationships between a physician and an entity to which the physician refers patients.
Each Seller and each Executive Shareholder shall have performed in all respects all obligations required under this Agreement to be performed by them on or before the Closing Date.
To the knowledge of each Seller and each Executive Shareholder, no license, permit, franchise, authorization or approval by or from any Governmental Authority, other than the Licenses and Permits, is required to permit the continued lawful conduct of the Businesses in the manner now conducted and none of the operations of the Businesses are being conducted in a manner that violates any of the terms or conditions under which any License and Permit was granted.
To the knowledge of each Seller and each Executive Shareholder, no other party to any Contract is in default in respect thereof, and no event has occurred which, with due notice or lapse of time or both, would constitute such a default.
To the knowledge of each Seller and each Executive Shareholder, all such mechanical and structural systems and such roofs, basement and foundation walls for which others are responsible under said Leases are in good working order and condition and free of leaks and other defects.
All representations and warranties made by each Seller and each Executive Shareholder in this Agreement shall be true and correct on and as of the Closing Date as if again made by such Seller and such Executive Shareholder on and as of such date.
None of the Sellers, Executive Shareholders or their respective Affiliates has received notice of any violation of any such law, regulation, order or other legal requirement or, to the best knowledge of each Seller and each Executive Shareholder, are in default with respect to any order, writ, judgment, award, injunction or decree of any Governmental Authority or arbitrator, domestic or foreign, applicable to any Business or any of the assets, properties or operations with respect thereto.
Notwithstanding anything to the contrary contained in this Agreement, each and every obligation of any Seller or Executive Shareholder hereunder shall be a joint and several obligation of all the Sellers and Executive Shareholders.