Relevant Buybacks definition
Examples of Relevant Buybacks in a sentence
Other than pursuant to Section 2.2(d), all payments to Sellers that Purchaser is required to make at or prior to Closing under Section 2.1 and Section 2.2 shall be made by wire transfer of immediately available funds to the account of Escrow Agent.
For the avoidance of doubt, the Company and the Shareholder acknowledge and agree that clause 4 of the Engagement Letter does and is intended to cover all or any Claims or Losses (as each term is defined therein) incurred by each and every Indemnified Person (as defined therein) in connection with (i) the Relevant Buybacks having been conducted otherwise than in accordance with the Act and (ii) the Shareholder’s entry into this Deed.
The Company and the Shareholder acknowledge and agree that the indemnity in Section 5 and Schedule A of the Engagement Letter does and is intended to cover Losses (as defined therein) incurred by Indemnified Persons (as defined therein) in connection with the Relevant Buybacks having been conducted otherwise than in accordance with the Act.
As a result of the Relevant Buybacks being conducted otherwise than in accordance with the Act, title to the Shares (as defined below) has not passed from the Shareholder to the Company and the Shares therefore remain in issue.