Indemnification Shares definition

Indemnification Shares has the meaning set forth in Section 7.4(b).

Indemnification Shares means fifteen percent (15%) of the Closing Shares, rounded down to the nearest whole number.

Indemnification Shares has the meaning set forth in Section 11.5(f).

Examples of Indemnification Shares in a sentence

• Recourse against the Indemnification Shares shall be the sole and exclusive remedy of the TheMaven Indemnified Persons with respect to any Losses of TheMaven Indemnified Persons indemnifiable hereunder.

• The number of shares to be issued pursuant to this paragraph (the "Indemnification Shares") shall be determined by dividing the dollar amount of TNCI's obligation for indemnification by the average of the closing prices of the TNCI Common Stock as reported on the principal trading market for TNCI Common Stock for the twenty (20) trading days immediately preceding the date that the notice of claim is given to TNCI.

• All Indemnification Shares and Cash Collateral in the Escrow Accounts shall be available for distribution by the Escrow Agent, subject to the provisions of this Agreement, to reimburse any RSI Indemnitee or any Shareholder Indemnitee, as the case may be, in respect of any Losses that are indemnifiable pursuant to this Agreement.

• All Indemnification Shares and Cash Collateral in the Escrow Account shall be available for distribution by the Escrow Agent, subject to the provisions of this Agreement, to reimburse any RSI Indemnitee or any Shareholder Indemnitee, as the case may be, in respect of any Losses that are indemnifiable pursuant to this Agreement.

• By: __________________________ Name: Title: [ESCROW AGENT] as Escrow Agent [OTHER ADDITIONAL STOCKHOLDERS, AS APPLICABLE] Schedule A [List of Indemnification Shares] Schedule B Reckson Service Industries, Inc.

More Definitions of Indemnification Shares

Indemnification Shares means any shares of Class A Preferred Stock issued by Holdings pursuant to Article 9 of the Old Stock Purchase Agreement, Article 8 of the New Stock Purchase Agreement” or Article 8 of the Third Stock Purchase Agreement.

Indemnification Shares is that number of shares of Common Stock for which this Warrant is exercisable equal to the Unpaid Amount divided by the difference between the Fair Market Value and $11.00. "Fair 3 Market Value" is the closing price for the Common Stock on the date that the Unpaid Amount first becomes due to the Company or Credito, as reported on the Nasdaq National Market or any other exchange or quotation system reporting trades in the Common Stock. Upon the giving of the Reduction Notice, the number of shares of Common Stock for which this Warrant is exercisable shall automatically be deemed to have been so reduced without any further action on the part of the Company.

Indemnification Shares means, as of the date of this Agreement, 341,880 shares of NDC Common Stock included in the Stock Escrow, and from and after the date hereof, in accordance with Article 4 hereof, any Indemnification Shares remaining in escrow.

Indemnification Shares means 3,722,554 of such Exchange Shares subject to forfeiture back to us (along with dividends and other earnings otherwise payable with respect to such Indemnification Shares) in the event that the Ossen Representative successfully brings an indemnification claim under the Exchange Agreement on behalf of our shareholders.

Indemnification Shares. As defined in Section 4.2.

Indemnification Shares means an aggregate of 8,000,000 shares of Parent Common Stock.

Indemnification Shares means 463,965 shares of Surviving Corporation Common Stock, with a deemed value of $32.33 per share, which may be issued to Xxxxxx Indemnified Parties in satisfaction of Claims pursuant to the indemnity provided in Section 11.3.