Purchaser Indemnitors definition

Purchaser Indemnitors shall have the meaning set forth in Section 4.12.

Purchaser Indemnitors is defined in Section 6.2(b).

Purchaser Indemnitors means Terrace Bay Pulp Inc., a corporation incorporated under the laws of Ontario (“Terrace Bay Pulp”), Xxxxxxxx Forest Products, Ltd., a corporation incorporated under the laws of Ontario (“Xxxxxxxx”), and Lucky Star Holdings Inc., a corporation incorporated under the laws of Ontario (“Lucky Star”), collectively, and “Purchaser Indemnitor” means any of the Purchaser Indemnitors individually, all of whom are parties to this Agreement for purposes of Article 8;

Examples of Purchaser Indemnitors in a sentence

• No advancement or payment by the Purchaser Indemnitors on behalf of such indemnitees with respect to any claim for which such indemnitees have sought indemnification, advancement of expenses or insurance from the Company in their capacities as directors shall affect the foregoing and the Purchaser Indemnitors shall have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery of such indemnitees against the Company.

• Purchaser and Purchaser Indemnitors have all requisite corporate power and authority to enter into, execute and deliver this Agreement and to perform fully their obligations hereunder.

• Purchaser and Purchaser Indemnitors are not incorporated in the United States, are not organized under the laws of the United States, and do not have principal offices within the United States.

• The Company acknowledges and agrees that any Purchaser Designees who are partners, members, employees, advisors or consultants of the Purchaser or its Affiliates may have certain rights to indemnification, advancement of expenses and/or insurance provided by the applicable Purchaser or Affiliate thereof (collectively, the "Purchaser Indemnitors").

• Such indemnitees shall, in their capacities as directors, be entitled to all the rights to indemnification, advancement of expenses and entitled to insurance to the extent provided under (i) the certificate of incorporation and/or bylaws of the Company as in effect from time to time and/or (ii) such other agreement (including Section 5.05 hereof), if any, between the Company and such indemnitees, without regard to any rights such indemnitees may have against the Purchaser Indemnitors.

• Such indemnitees shall, in their capacities as directors, be entitled to all the same rights to indemnification and advancement of expenses and entitled to insurance as provided to any other directors of the Company (including to the extent provided under the articles of amalgamation and/or bylaws of the Company as in effect from time to time, without regard to any rights such indemnitees may have against the Purchaser Indemnitors).

• The Purchaser Indemnitees shall not have any obligation to first request indemnification from the Purchaser Indemnitors in the event that they are liquidated, dissolved or merged out of existence.

• Purchaser Indemnitors, as a condition of Seller entering into this Agreement in favour of Purchaser, are entering into certain indemnity obligations pursuant to Article 8 of this Agreement.

• Until the Time of Closing, each of Purchaser, Purchaser Indemnitors and Seller will promptly notify each other of any lawsuits, proceedings or investigations, which are threatened or commenced or, to the knowledge of a party, threatened against Purchaser, Purchaser Indemnitors or Seller, respectively, which may relate to, or affect, the Woodlands Business, this Agreement or the transactions contemplated hereby.

• The satisfaction by Purchaser Indemnitors of any indemnification amount shall be deemed to constitute an increase in the Transaction Consideration.

More Definitions of Purchaser Indemnitors

Purchaser Indemnitors means Eagle Logging Inc., a corporation incorporated under the laws of Ontario (“Eagle Logging”), Xxxxxxxx Forest Products, Ltd., a corporation incorporated under the laws of Ontario (“Xxxxxxxx”), and Lucky Star Holdings Inc., a corporation incorporated under the laws of Ontario (“Lucky Star”), collectively, and “Purchaser Indemnitor” means any of the Purchaser Indemnitors individually, all of whom are parties to this Agreement for purposes of Article 8;

Purchaser Indemnitors has the meaning set out in Section 7.2;

Purchaser Indemnitors shall both mean (a) Purchaser; (b) any of the Companies; and (c) the respective successors and assigns of the Persons referred to in clauses (a) and (b) above. Related Party. "Related Party" shall have the meaning given to such term in Section 2.19 of this Agreement. Representatives. "Representatives" shall mean officers, directors, employees, agents, attorneys, accountants, advisors and representatives. Shareholder Indemnitees, Shareholder Indemnitors. "Shareholder Indemnitees' and "Shareholder Indemnitors" shall both mean the following Persons: (a) the Shareholders and (b) the respective successors and assigns of the Persons referred to in clauses (a) above.

Purchaser Indemnitors means EED and Purchaser.