Representative Expense Fund definition

Representative Expense Fund has the meaning set forth in Section 9.14(d).

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Representative Expense Fund has the meaning set forth in ‎‎‎‎Section 4.6(h).

Representative Expense Fund means a separate bank account to be established by the Seller Representative into which Buyer shall deposit the Representative Expense Fund Amount at Closing from the Cash Payment at Closing.

Examples of Representative Expense Fund in a sentence

Such Representative Expenses may be recovered first, from the Representative Expense Fund, second, from any distribution of CVR Payment Amounts otherwise distributable to the Holders at the time of distribution, and third, directly from the Holders.
The Representative is not acting as a withholding agent or in any similar capacity in connection with the Representative Expense Fund and has no tax reporting or income distribution obligations with respect to the Representative Expense Fund.
The Holders will not receive any interest on the Representative Expense Fund and assign to the Representative any such interest.
The Representative is not providing any investment supervision, recommendations or advice and shall have no responsibility or liability for any loss of principal of the Representative Expense Fund other than as a result of its gross negligence, fraud, willful breach or willful or intentional misconduct.
Subject to the prior written approval of the Advisory Group, the Representative may instruct the Rights Agent to contribute funds to the Representative Expense Fund from the CVR Payment Amounts otherwise distributable to any Holders, on a pro rata basis.

More Definitions of Representative Expense Fund

Representative Expense Fund means $250,000 deposited at Closing with the Equityholders’ Representative for the purposes set forth in Section 10.15.

Representative Expense Fund is defined in Section 8.2.

Representative Expense Fund means $200,000 paid to the Representative or his designee pursuant to Section 2.17(b).”

Representative Expense Fund has the meaning set forth in Section 1.3(d).

Representative Expense Fund means an amount equal to $200,000.

Representative Expense Fund is defined in Section 1.6(c).

Representative Expense Fund means an amount that the Representative will withhold out of the funds otherwise payable to the Equityholders and Blocker Seller in connection with the Closing, the initial amount of which will be $1,000,000 or such other amount as the Sellers may specify prior to the Closing (with such reduction to be made in accordance with the Pro Rata Shares of all Equityholders and Blocker Seller).