Representative Losses definition
Examples of Representative Losses in a sentence
The Representative Losses shall be satisfied by the Target Company Stockholders, severally and not jointly (in accordance with their Pro Rata Shares).
The Representative Losses shall be satisfied by the Target Company Members, severally and not jointly (in accordance with their Pro Rata Shares).
The Representative Losses shall be satisfied from the Sellers, severally and not jointly (in accordance with their Pro Rata Shares).
The Representative Losses shall be satisfied by the Target Company Members, severally and not jointly (in accordance with their Pro Rata Interests).
Representative Losses may be recovered by the Vendors’ Delegate from (i) the funds in the Expense Fund and (ii) any other funds that become payable to the Vendors under this Agreement at such time as such amounts would otherwise be distributable to the Vendors; provided, that while the Vendors’ Delegate may be paid from the aforementioned sources of funds, this does not relieve the Vendors from their obligation to promptly pay such Representative Losses as they are suffered or incurred.