Reliant Indemnitors definition

Reliant Indemnitors means Nautic Partners, RHC, RHP, each Reliant Controlled Entity that contributes its equity interests in an Acquired Company to Newco in exchange for Newco Interests, and the Blocker Seller.

Examples of Reliant Indemnitors in a sentence

• The Buyer and any such other third party is and will be fully protected and indemnified by the Sellers, the Reliant Indemnitors and the Additional Indemnitors in acting or refraining from acting upon and relying upon any notice, instruction, direction, request, waiver, consent, receipt or other paper or document in writing that the Buyer or such other third party in good faith reasonably believes has been signed by the Sellers’ Representative.

• All decisions and acts by the Sellers’ Representative will be binding upon the Sellers, the Reliant Indemnitors and the Additional Indemnitors, including the Selling Minority Holders and Electing Minority Holders, and no Seller, Reliant Indemnitor or Additional Indemnitor will have the right to object, dissent, protest or otherwise contest the same.

• The Sellers’ Representative is authorized to act on behalf of the Sellers in accordance with the terms of this Section 12.2, notwithstanding any dispute or disagreement with or among the Sellers, the Reliant Indemnitors and the Additional Indemnitors.

• The Buyer and any other third party will be entitled to rely on any and all actions taken by the Sellers’ Representative without any liability to, or obligation to inquire of, any of the Additional Indemnitors, any of the Reliant Indemnitors and any of the Sellers, including the Selling Minority Holders.

• The agencies and proxies created hereunder by the Sellers, Reliant Indemnitors, and Additional Indemnitors are coupled with an interest and are therefore irrevocable without the consent of the Sellers’ Representative, and will survive the death, incapacity, bankruptcy, dissolution or liquidation of any Seller, any Reliant Indemnitor or any Additional Indemnitor.